Daily Summary of Baltic Exchange Dry Indices 29 February 2008

Baltic Exchange Dry Index TM 7613 (UP 281)

Baltic Exchange Capesize Index TM 10743 (UP 639)

Baltic Exchange Panamax Index TM 7435 (UP 260)

Baltic Exchange Supramax Index TM 5021 (UP 21)

Baltic Exchange Handysize Index TM 2334 (UP 21)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI  Average of the T/C routes $122876 (UP 7420)

BPI  Average of the T/C routes $59829 (UP 2120)

BSI  Average of the T/C routes $52500 (UP 224)

BHSI Average of the T/C routes $34595 (UP 302)

Daily Summary of Baltic Exchange Dry Indices

29 February 2008

Baltic Exchange Dry Index TM 7613 (UP 281)

Baltic Exchange Capesize Index TM 10743 (UP 639)

Baltic Exchange Panamax Index TM 7435 (UP 260)

Baltic Exchange Supramax Index TM 5021 (UP 21)

Baltic Exchange Handysize Index TM 2334 (UP 21)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI  Average of the T/C routes $122876 (UP 7420)

BPI  Average of the T/C routes $59829 (UP 2120)

BSI  Average of the T/C routes $52500 (UP 224)

BHSI Average of the T/C routes $34595 (UP 302)

Baltic Exchange Supramax Index     5021     (UP 21)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 60455 80

S1B Canakkale Trip Far East 12.5 60367 -50

S2 Japan - SK / NOPAC or Australia rv 25 51021 627

S3 Japan - SK Trip Gib - Skaw range 25 47645 154

S4A US Gulf - Skaw-Passero 12.5 70280 122

S4B Skaw-Passero - US Gulf 12.5 31564 73

Average of the T/C Routes 52500 224

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 61609 586

S6 Jpn-SK trip via Aus/India 0 50909 336

S7 EC India - China 0 71115 1077

Baltic Exchange Handysize Index     2334     (UP 21)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 21243 129

HS2 Skaw - Passero trip Boston - Galveston 12.5 21536 165

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 44863 -531

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46944 69

HS5 SE Asia trip via Australia to Singapore - Japan 25 36371 635

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34714 657

Average of the T/C Routes 34595 302

The Daily Fixtures Report - 29/02/2008

BDI  7613 UP 281
BCI 10743 UP 639
BPI  7435 UP 260
BSI  5021 UP  21
BHSI 2334 UP  21

TIMECHARTER
'Alpha Prudence' 2006 177825 dwt  dely Qingdao ppt  trip via West Australia redel Fangcheng $117500 daily - Shougang 'Pacific Explorer' 2007 177643 dwt  dely Cape Passero 1/3 April transatlantic round redel Skaw-Cape Passero $125000 daily - Swiss Marine
'Diana Shipping TBN' Hulll 1107 or Hull 1108 177000 dwt      - 
charterer will be a major Japanese but the name has not been confirmed> 'China Steel Responsibility' 2003 175775 dwt  dely Kashima 2/5 Mar  trip via EC Australia redel Continent $76500 daily for 1st 55 days and the balance the average of the BCI 4-timecharter average - EdF 'Xin Fa Hai' 2004 174766 dwt  dely Bayuquan 6/8 Mar balance of period 24
Sept/24
Oct redel worldwide $140000 daily - Morgan Stanley 'Rizzo-Bottiglieri-De Carlini Armatori TBN' 87000 dwt post panamax dely ex yard Hudong Dec 2010 7 years trading redel worldwide $30000 daily - Glory Wealth 'CMB Italia' 2005 76620 dwt  dely Valencia 5/6 Mar balance of period 22
May/22
June redel worldwide $76000 daily - Glory Wealth 'Osmarine' Bunge relet 2006 76596 dwt  dely Praia Mole mid Mar  trip via EC South America redel Skaw-Cape Passero $64000 daily + $1.2 million bb - Cargill 'Loch Lomond' 2002 75845 dwt  dely Cape Passero 5/10 Mar  transtlantic round redel Skaw-Cape Passero $65000 daily - cnr 'Arabella' 2001 75563 dwt  dely ex dry dock Guangzhou 20/23 Mar 12/13 months trading redel worldwide $70000 daily - Chinese chrtr 'Oceanis' United relet 2001 75211 dwt  dely Ghent 7/9 Feb  trip via Baltic & Egypt redel Cape Passero $76500 daily - National Navigation of Cairo 'Angelic Peace' 2001 74750 dwt  dely Hamburg 1/5 Mar  trip via EC South America redel China int grain $73500 daily - Noble 'Geosand' 2005 74432 dwt  dely Gijon 10/12 Mar  trip via Brazil redel China $79500 daily - Great Pacific 'Majorca' 2005 74364 dwt  dely Rotterdam spot 1/2 laden legs redel worldwide $63000 daily - Cargill 'Hui Huang Xing' 2005 73600 dwt  dely Vizakhapatnam 5/9 Mar  trip redel China $70000 daily - Five Seastar - 'Hua Shan Hai' 1998 72731 dwt  dely Singapore-Japan rge 11/20 Apr 2 years trading redely worldwide $61000 daily - Deiulemar - 'Alpha Glory' Atlas Bulk Shipping relet 1999 72270 dwt  dely Cape Passero 20/30 Mar 6/8 months trading redel worldwide $73000 daily - Oldendorff 'New Leader' 1996 72073 dwt  dely PMO 7/13 Mar  trip via WC India redel China $70500 daily - PCL 'Yuan Zi' 1997 71298 dwt  dely Aden 15/20 Mar  trip via EC South America redel China $61000 daily - RSI 'Darya Noor' 1990 70112 dwt  dely Dalian 2/4 Mar 7/9 months trading redel worldwide $61000 daily - Cargill 'Fortezza' 1993 69634 dwt  dely Inchon 29 Feb/6 Mar  trip via NoPac redel Japan $50000 daily - Korea Line 'Stone Topaz' 1976 65029 dwt  dely Barcelona 8/16 Mar  trip via Amazon redel Med $45000 daily - Bunge 'Popi S' 1982 64916 dwt  dely Cape Passero 15/25 Mar  trip via Alexandria redel Portbury int cokes $55000 daily - Noble Shipping 'Fratzescos M' 1981 63408 dwt  dely Singapore 6/16 Mar  trip via Indonesia redel Singapore-Japan rge $47500 daily - STX Pan Ocean 'CMB Yangtze' 2007 53617 dwt  dely Port Harcourt 29 Feb/5 Mar trip via east cost South America redel Far East $63500 daily - STX Pan Ocean 'Nord Voyager' 2006 53489 dwt  dely Karachi 2/4 March  trip via West Coast India redel China approx $57000 daily - cnr 'Olympias' 2001 52817 dwt  dely West Coast India 2/5 March  trip redel China $61000 daily - Noble 'Tai Shun Hai' 1991 47378 dwt  dely aps Venezuela 8/12 March  trip redel Spain approx $65000 daily - Atlas
'Maria Th' 1996 45622 dwt      -  now failed>
'Orchid Ocean' 1994 45262 dwt  dely PMO 4/6 March 1 years trading redel worldwide $51000 daily - Eitzen 'Seaboxer 2' 1983 41543 dwt  dely USGulf early March  trip redel West Africa $46000 daily - Armada 'IVS Nightingale' 2005 32316 dwt  dely Penang prompt 2 laden legs redel India approx $39000 daily - TPC

ORE
'Pacific Yuang Geng' Richmark relet 1996 150000/10 Port Hedland/Qingdao 15/20 Mar $27.00 fio scale/30000sc - BHP Billiton 'ZOSCO Zhoushan' 1994 140000/10 Ponta Da Madeira/Qingdao 14/24 Mar $71.00 fio scale/30000sc - Oldendorff

COAL
'Tassos N' 1986 40000/10 Mobile/Port Talbot 10/15 March approx $41.00 4 days shinc - Corus

The Daily Fixtures Report - 28/02/2008

BDI  7332 UP 33
BCI 10104 UP 36
BPI  7175 UP 25
BSI  5000 UP 23
BHSI 2313 UP 29

TIMECHARTER
'China Steel Team' 2006 203512 dwt  dely Japan 25 Mar/5 Apri 1 years trading redel worldwide $145000 daily - MOSK - 'Genco Titus' Cargill relet 2007 177734 dwt  dely Rotterdam 4/6 Mar trip via Brazil redel Far East $162000 daily - Morgan Stanley 'Mineral Sines' 2002 172316 dwt  dely Rouen 29 Feb/1 Mar  trip via Brazil redel China $164000 daily - Oceanbulk 'Anangel Dynasty' Cobelfret relet 1999 171101 dwt  dely Dalian 29 Feb trip via Brazil redel Far East $110000 daily - Cargill 'Gaia' 1999 169963 dwt  dely Kokura 5/6 Mar  trip via West Australia redel China $106000 daily - BHP Billiton 'Dong-A Saturn' 1994 149396 dwt  dely China 6/7 Mar 4/6 months trading redel worldwide $117000 daily - Swiss Marine 'Iron Kalypso' 2006 82224 dwt  dely Cape Passero 12/14 Mar  trip via Nouadhibou redel China $83500 daily - Noble 'YM Rightness' Atlas Bulk Shipping relet 2004 77864 dwt  dely Gijon 1/5 Mar trip via Orinoco redel Continent $72000 daily - Mittal 'Double Happiness' 2005 77000 dwt  dely N.Japan 28 Feb/5 Mar  trip via NoPac redel Far East $51500 daily - Dreyfus 'Torm Charlotte' 2005 76886 dwt  dely Shanghai spot  trip via Indonesia redel Japan $45000 daily - NYK 'Belgrano' 2004 76759 dwt  dely Skaw 4/8 Mar  trip via Murmansk redel UKC $66000 daily - Transfield 'Voge Prestige' 1996 75100 dwt  dely Mundra 10/12 Mar  trip via W C India redel China $75000 daily - Brownstone 'Danae' 2005 75000 dwt  dely Tobata 3/5 Mar 3 years trading redel worldwide $52000 daily - Cosco Europe 'Ecostar GO' 2007 74500 dwt  dely UK 10/12 Mar 4/6 months trading redel worldwide $75000 daily - 'K' Line 'Tian Du Feng' 2001 74201 dwt  dely Tarragona 5/7 Mar  trip via Ponta Da Madeira redel Continent $64500 daily - Transfield 'Calm Seas' 1999 74047 dwt  dely Haldia spot  trip via EC India redel China $66500 daily - cnr 'Seawind' 1996 74014 dwt  dely Fos 10/12 Mar period up to Oct 2008 redel worldwide $75000 daily - Oldendorff 'Scythia Graeca' 2002 73991 dwt  dely S.Korea 23/27 Feb  trip via NoPac redel Far East $50000 daily - Alfred C.Toepfer - 'Edelweiss' 2004 73624 dwt  dely Fangcheng 3/5 Mar 4/6 months trading redel worldwide $72000 daily` - BHP Billiton 'Genco Surprise' 1998 72495 dwt  dely Vado 6/8 Mar 5/6 months trading redel worldwide $75000 daily - Oldendorff 'Birthday' 1993 71504 dwt  dely PMO 1/4 Mar  trip via Bandar Abbas redel China $72500 daily - Amesco 'B.Oceania' 1990 70424 dwt  dely retro Dammam 27 Feb  trip via Goa redel China $65000 daily - IMC 'Kronos' 1996 69999 dwt  dely Ube 3/4 Mar  trip via Australia redel Singapore-Japan rge $51000 daily - Armada 'Thrasyvoulos V' 1984 68676 dwt  dely retro Lanshan 25 Feb  trip via India redel China $41500 daily - cnr 'Consul Poppe' 1995 68591 dwt  dely Cape Passero 27/29 Feb  trip via EC South America redel China $71500 daily - Dreyfus 'Sanko Glory' 2005 52980 dwt  dely Tarragona spot  trip via USAC redel UKCont-Denmark $55000 daily - Bunge 'Nord Discovery' 2006 52300 dwt  dely Haldia 10/12 March  trip redel China approx $73500 daily - Chinese charterer 'Equinox Dawn' 2002 52015 dwt  dely North China early March  trip via Nopac redel South-east Asia approx $57500 daily - Canpotex 'Hyundai Treasure' 2004 48821 dwt  dely Houston 1/3 March  trip redel Singapore-Japan $61500 daily - Korean charterer 'Stavros P' 1994 45863 dwt  dely Kaoshiung spot 3/5 months trading redel worldwide $53000 daily - STX Pan Ocean
'Chrysoula S' 1996 45742 dwt      -
'Maria Th' 1996 45622 dwt      -  re-fixed identical business with
Eitzen>
'Ocean Trader' 1987 39833 dwt  dely Tilbury 10/15 March  trip via UKCont redel Turkey approx $55000 daily - cnr

ORE
'Bulk Asia' Constellation relet 2001 160000/10 Dampier/Qingdao 11/20 Mar $25.50 fio 950000sc/30000sc - Baotrans

COAL
'China Prosperity' Swiss Marine relet 1986 140000/10 Gladstone/Rotterdam 10/20 Mar $51.00 fio 45000sc/25000sc - TKS

GRAIN
'Mariupol' 1977 25000/10 /    -

Daily Summary of Baltic Exchange Dry Indices 27 February 2008

Baltic Exchange Dry Index TM 7299 (DOWN 13)

Baltic Exchange Capesize Index TM 10068 (DOWN 107)

Baltic Exchange Panamax Index TM 7150 (UP 7)

Baltic Exchange Supramax Index TM 4977 (UP 35)

Baltic Exchange Handysize Index TM 2284 (UP 22)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $115087 (DOWN 1304)

BPI   Average of the T/C routes $57503 (UP 53)

BSI   Average of the T/C routes $52046 (UP 369)

BHSI  Average of the T/C routes $33838 (UP 340)

Baltic Exchange Capesize Index     10068     (DOWN 107)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 30.000 -0.268

C3 150000mt Tubarao - Beilun/Baoshan 15 68.625 -0.564

C4 150000mt Richards Bay - Rotterdam 5 30.332 -0.523

C5 150000mt W Australia - Beilun/Baoshan 15 25.855 -0.250

C7 150000mt Bolivar - Rotterdam 5 31.000 -0.336

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 105591 -1000

C9_03 172000mt Continent/Mediterranean trip Far East 5 166193 -1180

C10_03 172000mt Pacific RV 20 114462 -2140

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 74104 -896

C12 150000mt Gladstone - Rotterdam 10 43.225 0.144

Average of the T/C Routes 115087 -1304

Baltic Exchange Panamax Index     7150     (UP 7)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 65245 495

P2A_03 74000mt SKAW-GIB/FAR EAST 25 74369 143

P3A_03 74000mt Japan-SK/Pacific/RV 25 50463 -276

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 39937 -147

Average of the T/C Routes 57503 53

Baltic Exchange Supramax Index     4977     (UP 35)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 60182 280

S1B Canakkale Trip Far East 12.5 60433 -46

S2 Japan - SK / NOPAC or Australia rv 25 49658 723

S3 Japan - SK Trip Gib - Skaw range 25 47327 282

S4A US Gulf - Skaw-Passero 12.5 70350 515

S4B Skaw-Passero - US Gulf 12.5 31430 189

Average of the T/C Routes 52046 369

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 60857 446

S6 Jpn-SK trip via Aus/India 0 49943 270

S7 EC India - China 0 68762 2627

Baltic Exchange Handysize Index     2284     (UP 22)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 21036 100

HS2 Skaw - Passero trip Boston - Galveston 12.5 21264 85

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45467 6

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46635 25

HS5 SE Asia trip via Australia to Singapore - Japan 25 34807 564

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 33343 686

Average of the T/C Routes 33838 340

Daily Summary of Baltic Exchange Dry Indices 26 February 2008

Baltic Exchange Dry Index TM 7312 (UP 16)

Baltic Exchange Capesize Index TM 10175 (DOWN 71)

Baltic Exchange Panamax Index TM 7143 (UP 83)

Baltic Exchange Supramax Index TM 4942 (UP 20)

Baltic Exchange Handysize Index TM 2262 (UP 20)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI  Average of the T/C routes $116391 (DOWN 740)

BPI  Average of the T/C routes $57450 (UP 655)

BSI  Average of the T/C routes $51677 (UP 214)

BHSI Average of the T/C routes $33498 (UP 319)

Baltic Exchange Capesize Index     10175     (DOWN 71)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 30.268 -0.164

C3 150000mt Tubarao - Beilun/Baoshan 15 69.189 0.167

C4 150000mt Richards Bay - Rotterdam 5 30.855 -0.450

C5 150000mt W Australia - Beilun/Baoshan 15 26.105 -0.350

C7 150000mt Bolivar - Rotterdam 5 31.336 -0.128

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 106591 -864

C9_03 172000mt Continent/Mediterranean trip Far East 5 167373 377

C10_03 172000mt Pacific RV 20 116602 -1720

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 75000 -750

C12 150000mt Gladstone - Rotterdam 10 43.081 -0.007

Average of the T/C Routes 116391 -740

Baltic Exchange Panamax Index     7143     (UP 83)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 64750 1190

P2A_03 74000mt SKAW-GIB/FAR EAST 25 74226 1007

P3A_03 74000mt Japan-SK/Pacific/RV 25 50739 341

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 40084 79

Average of the T/C Routes 57450 655

Baltic Exchange Supramax Index     4942     (UP 20)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59902 102

S1B Canakkale Trip Far East 12.5 60479 -79

S2 Japan - SK / NOPAC or Australia rv 25 48935 477

S3 Japan - SK Trip Gib - Skaw range 25 47045 0

S4A US Gulf - Skaw-Passero 12.5 69835 282

S4B Skaw-Passero - US Gulf 12.5 31241 455

Average of the T/C Routes 51677 214

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 60411 356

S6 Jpn-SK trip via Aus/India 0 49673 93

S7 EC India - China 0 66135 2039

Baltic Exchange Handysize Index     2262     (UP 20)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20936 43

HS2 Skaw - Passero trip Boston - Galveston 12.5 21179 86

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45461 0

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46610 70

HS5 SE Asia trip via Australia to Singapore - Japan 25 34243 864

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32657 314

Average of the T/C Routes 33498 319

The Daily Fixtures Report - 26/02/2008

BDI 7312 UP 16
BCI 10175 DOWN 71
BPI 7143 UP 83
BSI 4942 UP 20
BHSI 2262 UP 20

TIMECHARTER
'Shagang First' 2006 177656 dwt  dely Shanghai in d/c 7/10 Mar  trip via West Australia redel China $115000 daily - BHP Billiton 'Malindi' EdF Trading relet 2008 177000 dwt  dely Worldwide March 2008 3 years trading redel worldwide $100000 daily - SK Shipping 'KWK Genesis' 1996 168404 dwt  dely Dunkirk 28/'29 Feb  transtlantic round redel Skaw-Cape Passero $96500 daily - Swiss Marine - 'Jag Arjun' 1996 164796 dwt  dely Far East 1/5 Apr 12 months trading redel worldwide $130000 daily - Oldendorff 'Kirmar' Swiss Marine relet 2001 164218 dwt  dely Shanghai 1/3 Mar  trip via West Australia redel China $104000 daily - BHP Billiton 'Waterford' 1990 149513 dwt  dely Dunkirk 28/29 Feb  transatlantic round redel Skaw-Cape Passero $100000 daily - STX Pan Ocean - 'Silver Constellation' 1986 146351 dwt  dely Continent end Feb  trip via Narvik & PG redel PMO $135000 daily - Oldendorff
'Bergen Trader' 2002 75933 dwt      -
'Torm Bornholm' 2004 75912 dwt  dely Mississippi River 10/12 Mar  trip via US Gulf redel Singapore-Japan rge $72000 daiy + $1.2 million bb - Pacific Bulk
'Carol' 1999 75608 dwt      -
'Maria Bottiglieri' Cosco USA relet 1995 75264 dwt  dely Amsterdam 25/26 Mar 1 years trading redel worldwide $72000 daily - Skaarup Fortune 'Nordtrave' 2001 75230 dwt  dely Matsushima 5/6 Mar 3/5 months trading redel worldwide $69000 daily - cnr 'Topeka' 2000 75000 dwt  dely Kaohsiung 25/27 Feb  trip via Indonesia redel Japan $53000 daily - cnr 'Lucia Bulker' 1999 73807 dwt  dely Porto Vesme 13/15 Mar 1 years trading redel worldwide $71500 daily - cnr 'Beauty Donor' 1997 73763 dwt  dely Amsterdam 24/26 Feb  transatlantic round redel Skaw-Cape Passero $62000 daily - Ator 'Heng Shan Hai' 1998 72769 dwt  dely Paradip 25/27 Feb  trip via EC India redel China $59000 daily - cnr 'Annoula' 1997 70281 dwt  dely Bin Qasim 2/3 Mar 3/5 months trading redel worldwide $72500 daily - STX Pan Ocean 'Feng Shan Hai' 1995 69930 dwt  dely retro Zhuhai 23 Feb  trip via EC India redel Japan $48500 daily - NYK 'Irini' 1988 69734 dwt  dely Lisbon 9/11 Mar  trip redel Singapore-Japan rge $72000 daily - cnr 'Summer Fortune' NYG relet 69034 dwt  dely retro Bin Qasim 21 Feb  trip via WC India redel China $70500 daily - Five Seastar 'Lorentzos' 2005 53688 dwt  dely Fangcheng 1/4 March  trip via South-east Asia redel China intention Nickel Ore approx $55000 daily - PCL 'Nord Atlantis' 2006 53625 dwt  dely German North Sea 29 February/3 March  trip redel USGulf $47500 daily - cnr 'Baytur' Samsun relet 2001 52261 dwt  dely Bangsaphan 28 February/5 March  trip via Indonesia redel India appprox $49000 daily - Armada 'Genco Wisdom' 1997 47000 dwt  dely Tampa 27/28 February  trip via USGulf redel West Coast Central America $73250 daily - Dreyfus 'Talent' 1995 46574 dwt  dely Lanshan spot  trip via redel Japan approx $42500 daily - Taiheyo 'DS Commander' 1994 45518 dwt  dely Lianyungang 27/29 February  trip via Nopac redel Singapore-Japan $50000 daily - Norden 'Great Happy' 1997 45248 dwt  dely Sakaide 28/29 February  trip redel Persian Gulf redel PMO approx $46000 daily - cnr 'Zenovia' 1992 43595 dwt  dely retro Ravenna 19 Feb 2/3 laden legs redel worldwide $45000 daily - Armada 'Pacific Career' 1993 43415 dwt  dely Nemrut Bay spot  trip via Black Sea redel Singapore-Japan approx $40000 daily - Oldendorff 'Patriarch' 2002 31880 dwt  dely Algeria 10/15 March 3/5 months trading redel worldwide $42000 daily - cnr

Daily Summary of Baltic Exchange Dry Indices 25 February 2008

Baltic Exchange Dry Index TM 7296 (UP 109)

Baltic Exchange Capesize Index TM 10246 (UP 312)

Baltic Exchange Panamax Index TM 7060 (UP 49)

Baltic Exchange Supramax Index TM 4922 (No change)

Baltic Exchange Handysize Index TM 2242 (UP 5)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $117131 (UP 4263)

BPI   Average of the T/C routes $56795 (UP 395)

BSI   Average of the T/C routes $51463 (DOWN 6)

BHSI  Average of the T/C routes $33179 (UP 71)

Baltic Exchange Capesize Index     10246     (UP 312)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 30.432 0.887

C3 150000mt Tubarao - Beilun/Baoshan 15 69.022 1.855

C4 150000mt Richards Bay - Rotterdam 5 31.305 0.919

C5 150000mt W Australia - Beilun/Baoshan 15 26.455 0.569

C7 150000mt Bolivar - Rotterdam 5 31.464 0.714

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 107455 4046

C9_03 172000mt Continent/Mediterranean trip Far East 5 166996 5626

C10_03 172000mt Pacific RV 20 118322 4630

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 75750 2750

C12 150000mt Gladstone - Rotterdam 10 43.088 0.570

Average of the T/C Routes 117131 4263

Baltic Exchange Panamax Index     7060     (UP 49)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 63560 298

P2A_03 74000mt SKAW-GIB/FAR EAST 25 73219 552

P3A_03 74000mt Japan-SK/Pacific/RV 25 50398 279

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 40005 452

Average of the T/C Routes 56795 395

Baltic Exchange Supramax Index     4922     (NO CHANGE)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59800 123

S1B Canakkale Trip Far East 12.5 60558 -34

S2 Japan - SK / NOPAC or Australia rv 25 48458 -154

S3 Japan - SK Trip Gib - Skaw range 25 47045 -237

S4A US Gulf - Skaw-Passero 12.5 69553 25

S4B Skaw-Passero - US Gulf 12.5 30786 620

Average of the T/C Routes 51463 -6

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 60055 296

S6 Jpn-SK trip via Aus/India 0 49580 0

S7 EC India - China 0 64096 2013  

Baltic Exchange Handysize Index     2242     (UP 5)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20893 93

HS2 Skaw - Passero trip Boston - Galveston 12.5 21093 86

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45461 139

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46540 90

HS5 SE Asia trip via Australia to Singapore - Japan 25 33379 79

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32343 0

Average of the T/C Routes 33179 71

The Daily Fixtures Report - 25/02/2008

BDI  7296 UP 109
BCI 10246 UP 312
BPI  7060 UP  49
BSI  4922 UNCHANGED
BHSI 2242 UP   5

TIMECHARTER
'Elegant Star' Armada relet 2005 177215 dwt  dely Hamburg 4/6 Mar balance of period 22 Sept/22 Oct 2008 redel worldwide $151000 daily - STX Pan Ocean 'Tian Lu Hai' 2005 175000 dwt  dely Qingdao 2/3 Mar  trip via West Australia redel China $115000 daily - BHP Billiton 'Ventura' 2006 174316 dwt  dely N.Continent 25/27 Feb  trip via Brazil redel Far East $166000 daily - SK Shipping 'Iron Anne' 2006 82295 dwt  dely Worldwide 15 Mar/30 May 3 years trading redel worldwide $52000 daily - Korea Line 'Te Ho' 2004 77834 dwt  dely Rotterdam 3/7 Mar 3/4 months trading redel worldwide $71500 daily - cnr 'Nicole' Daebo relet 2007 77076 dwt  dely Worldwide Mar/Apr 3 years trading redel worldwide $50000 daily - Hanjin 'Oceanic Breeze' 2005 77075 dwt  dely PMO 25 Mar/5 Apr 2 years trading redel worldwide $61000 daily - Cosbulk 'Mishima' 2002 76598 dwt  dely ex drydock Shanghai 28 Feb/1 Mar  trip via Bunbury redel Iceland $40000 daily - Furness Withy Australia 'Bergen Trader' 2002 75933 dwt  dely Kaohsiung 25/26 Feb 2 laden legs redel Singapore-Japan rge $53000 daily - Sinochart 'Carol' 1999 75608 dwt  dely Skaw-Cape Passero 1/30 Apr 11/13 months trading redel worldwide $72500 daily - BBL 'Maria Bottiglieri' BBL relet 1995 75264 dwt  dely Amsterdam 25/26 Feb 1 years trading redel worldwide $70800 daily - Cosco USA 'Ecoan Go' 2008 75131 dwt  dely ex yard Hudong 5/7 Mar  trip via NoPac redel Singapore-Japan rge $46500 daily - Dreyfus - 'Adriatica Graeca' 2002 74133 dwt  dely San Nicolas 1/7 Mar  trip via EC South America redel Skaw-Cape Passero $63000 daily + $1.1 million bb - Azure 'Bergen Max' 1994 73496 dwt  dely Port Talbot 3/5 Mar 2 laden legs redel Skaw-Cape Passero $67000 daily - cnr 'Felicia' 1997 72464 dwt  dely Hong Kong 5/10 Mar 5/7 months trading redel worldwide $66000 daily - Cosbulk 'President G' 1988 69344 dwt  dely Ulsan ppt  trip via N.China redel S.Korea $29500 daily - cnr 'YM Cultivation' 1997 69163 dwt  dely Taichung 27 Feb/3 Mar 4/6 months trading redel worldwide $55000 daily - Chinese - 'Jin Man' 2008 55400 dwt  dely ex Yard Oshima 27/29 February 3/5 months trading redel worldwide $58500 daily - Korean Charterer
'Spar Canis' 2006 53565 dwt      -
'Spar Lyra' 2005 53565 dwt  dely North China 5/10 March 1 year trading redel worldwide $58000 daily - Chinese charterer 'Diamond type' 2008 53500 dwt  dely ex Yard Far East 4th Quarter 2008 3 years trading redel worldwide $39000 daily - Korea Line 'Prabhu Daya' 2001 52800 dwt  dely Haldia 27/29 February  trip redel Singapore-Japan approx $73000 daily - cnr 'Arcadia' 2002 50000 dwt  dely Haldia 3/5 March  trip redel Singapore-Japan approx $68500 daily - Noble 'Ayia Marina' 1996 45217 dwt  retro Port Harcourt 20 February  trip via Santos redel Bangladesh $54000 daily - JKI

ORE
'Mineral Capeasia' 2005 150000/10 West Australia/Qingdao 10/19 Mar
$25.25 fio
scale/30000sc - Cargill
'Chinese TBN' 150000/10 Ponta Da Madeira/Qingdao 23 Mar/1 Apr $70.00 fio scale/30000sc - Transfield 'Grafton' 1996 110000/10 Guaiba/Shekou 5/15 Mar approx $60.00  fio scale/25000sc
- Pioneer Metals

GRAIN
'Federal Weser' 2002 28000/5 soybeanmeal Paranagua/French Atlantic 3/10 Mar $64.00 fio 7 days - Cargill

Daily Summary of Baltic Exchange Dry Indices 22 February 2008

Baltic Exchange Dry Index TM 7187 (UP 189)

Baltic Exchange Capesize Index TM 9934 (UP 607)

Baltic Exchange Panamax Index TM 7011 (UP 32)

Baltic Exchange Supramax Index TM 4922 (DOWN 16)

Baltic Exchange Handysize Index TM 2237 (UP 8)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $112868 (UP 8083)

BPI   Average of the T/C routes $56400 (UP 258)

BSI   Average of the T/C routes $51469 (DOWN 161)

BHSI  Average of the T/C routes $33108 (UP 125)

Baltic Exchange Capesize Index     9934     (UP 607)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 29.545 1.109

C3 150000mt Tubarao - Beilun/Baoshan 15 67.167 5.125

C4 150000mt Richards Bay - Rotterdam 5 30.386 1.227

C5 150000mt W Australia - Beilun/Baoshan 15 25.886 1.422

C7 150000mt Bolivar - Rotterdam 5 30.750 1.427

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 103409 7114

C9_03 172000mt Continent/Mediterranean trip Far East 5 161370 12657

C10_03 172000mt Pacific RV 20 113692 7269

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 73000 5292

C12 150000mt Gladstone - Rotterdam 10 42.518 1.313

Average of the T/C Routes 112868 8083

Baltic Exchange Panamax Index     7011     (UP 32)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 63262 322

P2A_03 74000mt SKAW-GIB/FAR EAST 25 72667 560

P3A_03 74000mt Japan-SK/Pacific/RV 25 50119 5

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 39553 145

Average of the T/C Routes 56400 258 

Baltic Exchange Supramax Index     4922     (DOWN 16)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59677 18

S1B Canakkale Trip Far East 12.5 60592 -108

S2 Japan - SK / NOPAC or Australia rv 25 48612 -365

S3 Japan - SK Trip Gib - Skaw range 25 47282 -250

S4A US Gulf - Skaw-Passero 12.5 69528 -352

S4B Skaw-Passero - US Gulf 12.5 30166 386

Average of the T/C Routes 51469 -161

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 59759 259

S6 Jpn-SK trip via Aus/India 0 49580 -363

S7 EC India - China 0 62083 258

Baltic Exchange Handysize Index     2237     (UP 8)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20800 236

HS2 Skaw - Passero trip Boston - Galveston 12.5 21007 200

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45322 78

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46450 -140

HS5 SE Asia trip via Australia to Singapore - Japan 25 33300 243

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32343 72

Average of the T/C Routes 33108 125

The Daily Fixtures Report - 22/02/2008

BDI  7187 UP  189
BCI  9934 UP  607
BPI  7011 UP   32
BSI  4922 DOWN 16
BHSI 2237 UP    8

TIMECHARTER
'Amber Star' 1986 181884 dwt  dely retro Qingdao 6 Feb  trip via Brazil redel China $110000 daily - cnr 'Harmonious' 2007 175000 dwt  dely retro Kagokawa 18 feb  trip via Brazil redel Japan approx $120000 daily - 'K' Line
'Magdalene' 1989 149530 dwt      -
'Iron Anne' 2006 82295 dwt  dely Worldwide 15 Mar/30 May 2008 3 years trading redel worldwide $52000 daily - Korea Line 'Ajax' 2006 77308 dwt  dely Cape Passero 3/13 Mar 3 years trading redely worldwide $51500 daily - Daeyang 'Panstar' 2005 76629 dwt  dely Jakarta 2/8 Mar  trip via Indonesia redel Taiwan $51000 daily - Daebo 'Mulberry Wilton' 2004 76453 dwt  dely psg Taiwan 25/29 Feb  trip via Indonesia redel Philippines $45000 daily - Atlas Bulk Shipping 'Torm Rotna' 2001 75955 dwt  dely Cape Passero spot  trip via Brazil redel Taiwan $71500 daily - China Steel Express - 'Atlantic Horizon' Cargill relet 2006 75709 dwt  dely Mundra 5/7 Mar trip via WC India redel China $75000 daily - Metchart 'Orsolina Bottiglieri' 2001 75413 dwt  dely Worldwide 1/15 June 24/26 months trading redel worldwide $62000 daily - BBL 'Nirefs' 2001 75311 dwt  dely Cape Passero 5/15 Mar 2 years trading redel worldwide $60500 daily - Cosbulk
'Nordems' 2001 75253 dwt      -
'Goldbeam Trader' 2001 74247 dwt  dely Japan 28 feb/5 Mar  trip via NoPac redel Japan $35500 daily - Japanese chrtr 'Thetis' 1993 73653 dwt  dely Taean 23/27 Feb 4/6 months trading redel worldwide $63000 daily - Bunge 'Proteus' 1999 73018 dwt  dely Rizhao spot balance of period until 13
May/13 June redel worldwide $56000 daily - Cargill 'Hanjin Tacoma' 1994 70337 dwt  dely Caofeidian 22/28 Feb  trip via N.China redel Philippines $50000 daily - Barratech 'Samsun Ambition' ex Countess I 1987 70130 dwt  dely Cape Passero 22/27 Feb  trip via US Gulf redel Far East int hss $66000 daily - Korea Line 'Power Loong' 1992 69618 dwt  dely Goa 1/3 Mar  trip via Saldanha Bay redel Hamburg $49000 daily - Oldendorff 'Samsun Claret' 1987 69235 dwt  dely N.China 28 Feb/5 Mar  trip redel S.Korea $36000 daily - cnr 'Augusta' ex Rainkiss 1996 69053 dwt  dely retro Piombino 15 Feb  trip via Colombia redel Skaw-Cape Passero $55500 daily - Swiss Marine 'Yiala' 1980 62166 dwt  dely Brake spot  trip via US Gulf & Med redel Cape Passero $45000 daily - The Rice Co 'Lark' 2007 53663 dwt  dely Lanshan 26/28 February  trip via Indonesia redel India approx $44000 daily - SSOE
'Clean Seas' 1995 46640 dwt      -
'Yangtze River' 1998 44114 dwt  dely Richards Bay prompt trip redel Continent approx $49000 daily - IVS 'Atlantic Burnet' 2007 31930 dwt  dely Taranto 24/27 Feb trip via east coast South America redel west Mediterranean $35000 daily - Suisse Atlantique 'CSE Clipper Express' 2005 28423 dwt  dely aps Paranam 23/29 Feb trip redel Sepetiba duration 20/25 days $39000 daily - American charterers

ORE
'Transfield TBN' 160000/10 Ponta Da Madeira/Qingdao 19/27 Mar $67.00 fio scale/25000sc - STX Pan Ocean 'Tian Bao Hai' 2004 150000/10 Port Cartier/Rotterdam 10/20 Mar $29.00 fio 6 days sc - TKS 'Daebo TBN' 72500/10 Port Latta/Beilun & Haili 19/28 Mar $36.50 fio scale/12000sc - Shagang

COAL
'Lowlands Beilun' BHP Billiton relet 1999 150000/10 Newcastle/Mailiao
1/15 Mar $23.35 fio 35000sc/30000sc - Glory Wealth 'Anangel Enosis' 1995 70000/10 Murmansk/Tarragona 10/15 Mar $28.00 fio 18000sc/24000sc - CTP -

MISC
'TBN' 55000/5 slabs Praia Mole/Los Angeles 20/29 Feb $82.50 fio 9000sc/14000sc - CSI

Daily Summary of Baltic Exchange Dry Indices 21 February 2008

Baltic Exchange Dry Index TM 6998 (DOWN 83)

Baltic Exchange Capesize Index TM 9327 (UP 48)

Baltic Exchange Panamax Index TM 6979 (DOWN 334)

Baltic Exchange Supramax Index TM 4938 (No change)

Baltic Exchange Handysize Index TM 2229 (UP 10)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $104785 (UP 1081)

BPI   Average of the T/C routes $56142 (DOWN 2691)

BSI   Average of the T/C routes $51630 (DOWN 3)

BHSI  Average of the T/C routes $32983 (UP 148)

Baltic Exchange Capesize Index     9327     (UP 48)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 28.436 0.559

C3 150000mt Tubarao - Beilun/Baoshan 15 62.042 1.750

C4 150000mt Richards Bay - Rotterdam 5 29.159 -0.068

C5 150000mt W Australia - Beilun/Baoshan 15 24.464 -0.286

C7 150000mt Bolivar - Rotterdam 5 29.323 0.514

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 96295 2886

C9_03 172000mt Continent/Mediterranean trip Far East 5 148713 4218

C10_03 172000mt Pacific RV 20 106423 -2615

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 67708 -167

C12 150000mt Gladstone - Rotterdam 10 41.205 -0.345

Average of the T/C Routes 104785 1081

Baltic Exchange Panamax Index     6979     (DOWN 334)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 62940 -3548

P2A_03 74000mt SKAW-GIB/FAR EAST 25 72107 -2405

P3A_03 74000mt Japan-SK/Pacific/RV 25 50114 -2375

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 39408 -2434

Average of the T/C Routes 56142 -2691

Baltic Exchange Supramax Index     4938     (NO CHANGE)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59659 -23

S1B Canakkale Trip Far East 12.5 60700 -48

S2 Japan - SK / NOPAC or Australia rv 25 48977 350

S3 Japan - SK Trip Gib - Skaw range 25 47532 -298

S4A US Gulf - Skaw-Passero 12.5 69880 -545

S4B Skaw-Passero - US Gulf 12.5 29780 480

Average of the T/C Routes 51630 -3

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 59500 191

S6 Jpn-SK trip via Aus/India 0 49943 -121

S7 EC India - China 0 61825 652

Baltic Exchange Handysize Index     2229     (UP 10)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20564 157

HS2 Skaw - Passero trip Boston - Galveston 12.5 20807 50

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45244 200

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46590 150

HS5 SE Asia trip via Australia to Singapore - Japan 25 33057 136

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32271 178

Average of the T/C Routes 32983 148

The Daily Fixtures Report - 21/02/2008

BDI  6998 DOWN  83
BCI  9327 UP    48
BPI  6979 DOWN 334
BSI  4938 UNCHANGED
BHSI 2229 UP    10

TIMECHARTER
'Magdalene' 1989 149530 dwt  dely Hunterston 26/27 Feb  trip via St.Lawrence redel China $118000 daily - Noble 'Medi Vitoria' 2004 76616 dwt  dely S.Japan 27 Mar/3 Feb  trip via Indonesia redel Spain $35750 daily - Dreyfus 'Mining Star' 2005 76225 dwt  dely Tobata 20/22 Feb  trip via NoPac redel Skaw-Cape Passero $40000 daily - cnr 'Mahitis' 2001 76134 dwt  dely PMO 19/22 Feb  trip via WC India redel China $71500 daily - Ikhlas 'Nordems' 2001 75253 dwt  dely Nagoya 24/27 Feb  trip via NoPac redel Singapore-Japan rge $47000 daily - Dreyfus 'Anna' 2002 75162 dwt  dely Nagoya 3/5 Mar  trip via NoPac redel Aden-PMO $54000 daily - alfred C.Toepfer 'Rizzo-Bottiglieri-De Carlini TBN' 75000 dwt  dely ex yard Ningbo Jan-Mar 2011
60/64 months trading redel worldwide $29000 daily - Daeyang 'Alpha Flame' 1999 74545 dwt  dely Rotterdam 24/26 Feb  trip via US Gulf redel Cape Passero $59000 daily - Windrose 'Blumenau' 2000 73992 dwt  dely Bin Qasim 27/28 Feb  trip via Goa redel China $71000 daily - Oldendorff 'Seajoy' 2000 73454 dwt  dely Goa 1/10 Mar  trip via WC India redel Ijmuiden $51000 daily - CTP 'Alpha Effort' Bunge relet 1999 72844 dwt  dely Beilun 27 Feb/3 Mar trip via Darwin redel China $51000 daily - Noble Chartering - 'Jag Arnav' 1995 71122 dwt  dely CJK 20/25 Feb 2 laden legs 1st leg Weipa/Gladstone redel Aden-Japan rge $53000 daily - Panoceanic 'SD Nova' 1996 70108 dwt  dely Nantong 25/27 Feb  trip via Australia redel Far East $44500 daily - S&MM 'Maria V' 1987 69229 dwt  dely Ghent 21 Feb  trip via US Gulf redel Cape Passero $53000 daily - Windrose 'Evrialos' 1987 68407 dwt  dely Dangjin spot  trip via Indonesia redel Taiwan $31000 daily - Daebo 'Nikolaos 2' 2008 58800 dwt  dely Zhoushan spot  trip via Nopac redel India $57500 daily - JKI 'Thermidor' 2007 53500 dwt  dely Karachi end February  trip via West Coast India redel China $66000 daily - Ikhlas 'Peregrine' 2001 50913 dwt  dely West Coast India 5/15 March  trip redel China $62000 daily - ETA 'Harrier' 2001 50296 dwt  dely Lianyungang 21/23 February  trip via Nopac redel India $54000 daily - JKI 'Nemtas 1' 2001 50077 dwt  dely Haldia end February  trip redel China $68500 daily - Chinese charterer 'Maritime Diamond' 1995 46574 dwt  dely Jakarta end February  trip via South-east Asia redel approx $58000 daily - cnr 'Genco Marine' 1996 45222 dwt  dely Tampa spot  trip redel Turkey intention scrap approx $65000 daily - cnr
'Caribbean ID 1996 27940 dwt      -

ORE
'Aliki' 160000/10 Tubarao/Qingdao 15/29 Mar $62.00 fio scale/30000sc - SK Shipping 'Oldendorff TBN' 150000/10 Narvik/Iskenderun 1/10 Apr $27.70 fio scale/25000sc - Erdemir 'Sealink Majesty' 1982 150000/10 Saldanha/Qingdao 15/30 Mar $44.00 fio scale/25000sc - Wuhan Steel 'Mona Frontier' 2001 150000/10 Tubarao/Qingdao 10/20 Mar $59.90 fio scale/30000sc - Sinoeast

The Daily Fixtures Report - 20/02/2008

BDI  7081 (DOWN 238)
BCI  9279 (DOWN 596)
BPI  7313 (DOWN 340)
BSI  4938 (UP   118)
BHSI 2219 (UP    21)

TIMECHARTER

'Malindi' 2008 177000 dwt  dely Worldwide March 2008 5 years trading redel worldwide $79500 daily - EdF 'Jean LD' Morgan Stanley relet 2005 172226 dwt  dely Dunkirk 22/24 Feb transatlantic round redel Skaw-Cape Passero $92500 daily - SK Shipping 'Aquafaith' Oldendorff relet 1997 167110 dwt  dely retro Qingdao 16 Feb trip via Richards Bay redel Continent $53500 daily - Swiss Marine 'Grand Ocean' 1990 149498 dwt  dely Cape Passero in d/c 3 Mar  trip via Brazil redel China $122500 daily - SK Shipping 'An Ho' 2004 77834 dwt  dely El Ferrol 7/10 Mar  trip via Brazil redel Continent $70000 daily - Cargill 'Nordweser' 2001 75323 dwt  dely Trincomalee 24/29 Feb  trip via EC India redel China $67500 daily - Jaldhi 'COS Joy' 2001 74119 dwt  dely retro psg Aden 17 Feb  trip via Richards Bay redel Malaysia $65000 daily - PCL 'Tai Plenty' 2000 73060 dwt  dely aps US Gulf 28 Feb/4 Mar  trip redel Cape Passero $60500 daily + $1.10 million bb - Windrose 'Joyous Society' 1994 69274 dwt  dely Qingdao 22/26 Feb  trip via NoPac redel Singapore-Japan rge $51000 daily - cnr 'SD Progress' 1989 65708 dwt  dely Cape Passero 15/16 Feb 6/8 months trading redel worldwide $60500 daily - SInochart 'Hebei Diligence' 1984 65458 dwt  dely aps Southwest Pass 29 Feb/6 Mar trip via Egypt redel Cape Passero $55000 daily + $990000 bb - Dreyfus 'Ioanna P' 1984 64873 dwt  dely PMO 1/10 Mar  trip via WC India redel China $50000 daily - ETA Dubai 'M.P. Panamax 1' 1981 64183 dwt geared dely Mumbai 25/29 February  trip via WC India redel China $58000 daily - cnr
'Sea Magnolia' 1991 62873 dwt      -  daily>
'Maroudio' 2003 56020 dwt  dely Muscat 24/26 February  trip via South Africa redel USGulf intention Titanium Slag $45000 daily - Korean charterer 'Galini' 2005 56015 dwt  dely Shekou 26/28 February  trip via South-east Asia redel China $53500 daily - Eastern Ocean 'Yasa Unsal Sunar' 2007 55500 dwt  dely Far East 10/25 March 1 years trading redel worldwide $58000 daily - Glorywealth - 'Serenity 1' 2006 53688 dwt  dely Surabaya 6/17 March 1 years trading redel worldwide $59250 daily - Korean charterer 'Spar Canis' 2006 53565 dwt  dely Worldwide 20 March/14 June 08 1 years trading redel worldwide $58000 daily - Cosbulk 'Clean Seas' 1995 46640 dwt  dely Muldwarka 23/25 February  trip via India redel China $55000 daily - Chinese charterer 'Asian Glory' 1995 45194 dwt  dely Shimizu 23-29 February 3/5 months trading redel worldwide $54500 daily - Norden 'Oriental' 1997 43917 dwt  dely German North Sea 24/27 February  trip redel USGulf $32000 daily - Clipper 'Gladiator' 2008 28445 dwt  dely Yokohama 26/29 Feb trip via Nopac redel Singapore-Japan rge $32000 daily - Oldendorff

ORE

'Hebei Pioneer' 1982 150000/10 Saldanha/Qingdao 10/20 Mar approx $42.50 fio scale/30000sc - Kumba 'Hebei Hawk' 1981 150000/10 Saldanha/Qingdao 15/31 Mar approx $42.50 fio scale/30000sc - Kumba

The Daily Fixtures Report - 19/02/2008

 

BDI  7319 DOWN  62
BCI  9875 DOWN 320
BPI  7653 DOWN 124
BSI  4820 UP   204
BHSI 2198 UP    32

TIMECHARTER
'Star Alpha' North China Shipping relet 1995 175075 dwt  dely Qingdao
20/25 Feb
trip redel Skaw-Cape Passero $61500 daily for 1st 60 days $100000 daily for balance - TMT 'Bosporus' 1995 150973 dwt  dely N.China 21/26 Feb  trip via West Australia redel China $110000 daily - Rio Tinto 'Samos' 1982 137000 dwt  dely retro Qingdao 9 Feb  trip via India redel China $51000 daily - Brownstone 'Medi Lausanne' 2006 83002 dwt  dely Cape Passero 19/20 Feb  trip via Brazil redel Taiwan $87000 daily - China Steel Express 'Perla Bulker' Cargill relet 2007 76886 dwt  dely passing Taiwan 18 Feb trip via Indonesia redel southeast Asia $41000 daily - Daebo 'Double Joy' 2006 76596 dwt  dely Germany 26/28 Feb 2 laden legs redel Skaw-Cape Passero $73000 daily - NYK 'Red Gardenia' CTP relet 2005 76294 dwt  dely Goa 25/28 Feb  trip redel China $72000 daily - Brownstone 'Mulberry Paris' 2004 76282 dwt  dely Zhanjiang 28/29 Feb 2/4 months trading redel worldwide $65750 daily - Cargill - 'Imperial' TMT relet 2007 75510 dwt  dely US Gulf 5/7 Mar  trip redel Singapore-Japan rge int grain $72500 daily $1.15 million bb - Dong Lin 'Domina' 2007 73593 dwt  dely Shanghai 23/25 Feb  trip redel Skaw-Cape Passero $44500 daily - Norden 'YK Taurus' 1997 69186 dwt  dely Mumbai 23/26 Feb  trip WC India redel China $65500 daily - cnr 'Stefania' 1981 64848 dwt  dely Zhoushan spot  trip via Indonesia redel S.Korea $40000 daily - SK Shipping - 'Sea Magnolia' 1991 62873 dwt  dely Brindisi 18/19 Feb  trip via Kamsar redel Aughinish $61000 daily - Oldendorff 'Sapphire Seas' 2005 53702 dwt  dely retro Tarragona 17 February  trip via US Gulf redel Singapore-Japan approx $55500 daily - S.Korean chrtr 'Fratzis Star' 2005 53533 dwt  dely Tuticorin spot  trip via India redel Singapore-Japan $61250 daily - Chinese charterer 'Apageon' 2005 52483 dwt  dely Thailand 25/28 February  12 months trading redel worldwide $58000 daily - Oldendorff 'Maria L' 2003 50338 dwt  dely USGulf spot  trip redel UKCont including Spain $63000 daily - Armada - 'Pretty Lady' 1985 43648 dwt  dely Nouakchott 18/20 Feb trip via Venezuela redel west coast Italy $47000 daily - Atlas - 'Dubai Fortune' 1995 42850 dwt  dely Inchon 23/28 February  trip via Indonesia redel India $40000 daily - Armada 'Tai He Hai' 1984 37544 dwt  dely dop South China 1/3 March  trip via Australia redel China $29000 daily - Grandview 'Caribbean ID' 1996 27940 dwt  dely London 21/23 Feb trip via north France redel West Africa $33500 daily - Sometra

ORE
'Anangel Happiness' CTM relet 2008 160000/10 Tubarao/Qingdao 5/15 Mar $60.60 fio scale/30000sc - Pacific Bulk 'Cargill TBN' 160000/10 Itaquai/Qingdao mid Mar $67.50 fio scale/30000sc
- RGL -

'Dong-A Rhea' 1993 150000/10 Guaiba/Qingdao 26 Feb/5 Mar $66.00 fio scale/30000sc - Pioneer Metals

Daily Summary of Baltic Exchange Dry Indices 19 February 2008

Baltic Exchange Dry Index TM 7319        (DOWN 62)

Baltic Exchange Capesize Index TM    9875 (DOWN 320)

Baltic Exchange Panamax Index TM     7653 (DOWN 124)

Baltic Exchange Supramax Index TM    4820     (UP 204)

Baltic Exchange Handysize Index TM   2198 (UP 32)

Daily Summary of the Baltic Exchange Time Charter Routes

     Rate($/Day)   Change

BCI  Average of the T/C routes  $111537  (DOWN 4050)

BPI  Average of the T/C routes  $61580   (DOWN 1010)

BSI  Average of the T/C routes  $50398   (UP 2134)

BHSI Average of the T/C routes  $32526   (UP 499)

Baltic Exchange Capesize Index     9875     (DOWN 320)

Route Number  Description   Weighting     Average  Movement

C2   160000lt Tubarao -Rotterdam 10   28.614   -0.527

C3   150000mt Tubarao - Beilun/Baoshan    15   61.371   -1.317

C4   150000mt Richards Bay - Rotterdam    5    31.477   -1.037

C5   150000mt W Australia - Beilun/Baoshan    15   26.659   -0.973

C7   150000mt Bolivar - Rotterdam    5    29.659   -0.514

C8_03    172000mt Gibraltar/Hamburg trans Atlantic RV  10   97818    -2864

C9_03    172000mt Continent/Mediterranean trip Far East    5    149603   -3768

C10_03   172000mt Pacific RV    20   122269   -6193

C11_03   172000mt China/Japan trip Mediterranean/Cont  5    76458    -3375

C12  150000mt Gladstone - Rotterdam  10   43.459   -0.650

Average of the T/C Routes  111537   -4050

Baltic Exchange Panamax Index     7653     (DOWN 124)

Route Number  Description   Weighting     Average  Movement

P1A_03   74000mt Transatlantic RV   25   69850    -745

P2A_03   74000mt SKAW-GIB/FAR EAST  25   77000    -833

P3A_03   74000mt Japan-SK/Pacific/RV 25   54914    -1359

P4_03    74000mt FAR EAST/NOPAC/SK-PASS  25   44556    -1102

Average of the T/C Routes  61580    -1010

Baltic Exchange Supramax Index     4820     (UP 204)

Route

Number   Description   Weighting     Average  Movement

S1A  Antwerp - Skaw Trip Far East    12.5 59580    144

S1B  Canakkale Trip Far East    12.5 60693    158

S2   Japan - SK / NOPAC or Australia rv   25   46700    3006

S3   Japan - SK Trip Gib - Skaw range     25   44888    5572

S4A  US Gulf - Skaw-Passero 12.5 71083    -352

S4B  Skaw-Passero - US Gulf 12.5 28655    -29

Average of the T/C Routes  50398    2134

The route(s) below do not form part of the index calculation

S5   W.Africa via ECSA to FarEast    0    58985    360

S6   Jpn-SK trip via Aus/India  0    48220    2527

S7   EC India - China  0    60058    1100

Baltic Exchange Handysize Index     2198     (UP 32)

Route

Number   Description   Weighting     Average  Movement

HS1  Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20200    79

HS2  Skaw - Passero trip Boston - Galveston   12.5 20607    121

HS3  Recalada - Rio de Janeiro trip Skaw - Passero.    12.5 45111    -28

HS4  US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46230    135

HS5  SE Asia trip via Australia to Singapore - Japan   25   32464    1021

HS6  S Korea - Japan via NOPAC to Singapore-Japan  25   31564    821

Average of the T/C Routes  32526    499

Daily Summary of Baltic Exchange Dry Indices 18 February 2008

Baltic Exchange Dry Index TM 7381 (UP 26)

Baltic Exchange Capesize Index TM 10195 (DOWN 241)

Baltic Exchange Panamax Index TM 7777 (UP 131)

Baltic Exchange Supramax Index TM 4616 (UP 159)

Baltic Exchange Handysize Index TM 2166 (UP 37)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $115587 (DOWN 3505)

BPI   Average of the T/C routes $62590 (UP 1073)

BSI   Average of the T/C routes $48264 (UP 1660)

BHSI  Average of the T/C routes $32027 (UP 595)

Baltic Exchange Capesize Index     10195     (DOWN 241)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 29.141 -0.668

C3 150000mt Tubarao - Beilun/Baoshan 15 62.688 -1.281

C4 150000mt Richards Bay - Rotterdam 5 32.514 -0.600

C5 150000mt W Australia - Beilun/Baoshan 15 27.632 -0.482

C7 150000mt Bolivar - Rotterdam 5 30.173 -0.768

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 100682 -4091

C9_03 172000mt Continent/Mediterranean trip Far East 5 153371 -4906

C10_03 172000mt Pacific RV 20 128462 -2815

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 79833 -2209

C12 150000mt Gladstone - Rotterdam 10 44.109 -0.518

Average of the T/C Routes 115587 -3505

Baltic Exchange Panamax Index     7777     (UP 131)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 70595 702

P2A_03 74000mt SKAW-GIB/FAR EAST 25 77833 733

P3A_03 74000mt Japan-SK/Pacific/RV 25 56273 1500

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 45658 1355

Average of the T/C Routes 62590 1073

Baltic Exchange Supramax Index     4616     (UP 159)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59436 427

S1B Canakkale Trip Far East 12.5 60535 285

S2 Japan - SK / NOPAC or Australia rv 25 43694 2636

S3 Japan - SK Trip Gib - Skaw range 25 39316 3257

S4A US Gulf - Skaw-Passero 12.5 71435 370

S4B Skaw-Passero - US Gulf 12.5 28684 409

Average of the T/C Routes 48264 1660

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 58625 825

S6 Jpn-SK trip via Aus/India 0 45693 2616

S7 EC India - China 0 58958 1108

Baltic Exchange Handysize Index     2166     (UP 37)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20121 71

HS2 Skaw - Passero trip Boston - Galveston 12.5 20486 136

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45139 133

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46095 62

HS5 SE Asia trip via Australia to Singapore - Japan 25 31443 1186

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 30743 993

Average of the T/C Routes 32027 595

The Daily Fixtures Report - 18/02/2008

 

BDI  7381 UP    26
BCI 10195 DOWN 241
BPI  7777 UP   131
BSI  4616 UP   159
BHSI 2166 UP    37

TIMECHARTER
'Lowlands Longevity' 2001 173000 dwt  dely Fos 25/29 February transatlantic round voyage redel Skaw-Passero $97500 daily - S K Shipping 'Mulberry Wilton' 2004 76453 dwt  dely Dalian 20/22 Feb 4/6 months trading redel worldwide $71000 daily - Oldendorff 'Anastasia' 2006 75331 dwt  dely Tokuyama 15/20 Feb trip via Nopac redel Singapore-Japan rge $55000 daily - BBL 'City of Dubrovnik' BHP Billiton relet1995 75132 dwt  dely Taiwan 1/6 Mar 3/5 months trading redel worldwide $66500 daily - Daebo 'Peter S' 1995 71550 dwt  dely Passero 5/15 Mar 5/7 months trading redel worldwide $72000 daily - CTP 'President G' 1988 69344 dwt  dely worldwide Mar/Apr 3 years trading redel worldwide approx $53000 daily - Map Marine 'TBN n/b' 2008/09 57000 dwt  dely ex Yard China Dec 2008/March 2009 about 3 years trading redel worldwide $35800 daily - Carbofer Global Transport 'Maple Grove' 2006 53556 dwt  dely Ningbo 21/23 February  trip via East Coast Australia redel India approx $40500 daily - STX Pan Ocean 'City' 2007 53352 dwt  dely Tuticorin spot  trip via India redel Singapore-Japan $60500 daily - cnr 'Arya Payam' 2005 53000 dwt  dely Map ta Phut 20/27 February  trip via South-east Asia redel China $42000 daily - cnr -  15/02> 'Maria L' 2003 50338 dwt  dely Key West spot  trip via USGulf redel UKCont approx $72000 daily - Armada 'Darya Gyan' 2001 50170 dwt  dely Dahanu 19/20 February  trip via India redel Singapore-Japan $60000 daily - cnr
'Storm Ranger' 1995 45744 dwt      -  failed>
'C Friend' 1996 45675 dwt  dely Hachinhoe 20/25 February  about 4/6 months trading redel worldwide $56000 daily - Western Bulkcarriers 'Stargold Trader' 1994 45228 dwt  dely Santos 3/5 March  trip redel Singapore-Japan $53500 daily + $750000 bb - Cargill 'Sea Rainbow' 1984 38309 dwt  dely Foynes 26/29 Feb trip via Murmansk redel Continent $41000 daily - Navision

Baltic Dry Index 15 February 2008

Baltic Exchange Dry Index TM 7355 (UP 143)

Baltic Exchange Capesize Index TM 10436 (DOWN 110)

Baltic Exchange Panamax Index TM 7646 (UP 395)

Baltic Exchange Supramax Index TM 4457 (UP 159)

Baltic Exchange Handysize Index TM 2129 (UP 35)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $119092 (DOWN 1515)

BPI   Average of the T/C routes $61517 (UP 3237)

BSI   Average of the T/C routes $46604 (UP 1662)

BHSI  Average of the T/C routes $31432 (UP 543)

Baltic Exchange Capesize Index     10436     (DOWN 110)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 29.809 -0.432

C3 150000mt Tubarao - Beilun/Baoshan 15 63.969 -0.514

C4 150000mt Richards Bay - Rotterdam 5 33.114 -0.409

C5 150000mt W Australia - Beilun/Baoshan 15 28.114 -0.272

C7 150000mt Bolivar - Rotterdam 5 30.941 -0.409

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 104773 -2227

C9_03 172000mt Continent/Mediterranean trip Far East 5 158277 -2158

C10_03 172000mt Pacific RV 20 131277 -885

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 82042 -791

C12 150000mt Gladstone - Rotterdam 10 44.627 -0.187

Average of the T/C Routes 119092 -1515

Baltic Exchange Panamax Index     7646     (UP 395)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 69893 2322

P2A_03 74000mt SKAW-GIB/FAR EAST 25 77100 1236

P3A_03 74000mt Japan-SK/Pacific/RV 25 54773 5864

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 44303 3527

Average of the T/C Routes 61517 3237

Baltic Exchange Supramax Index     4457     (UP 159)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 59009 725

S1B Canakkale Trip Far East 12.5 60250 585

S2 Japan - SK / NOPAC or Australia rv 25 41058 2500

S3 Japan - SK Trip Gib - Skaw range 25 36059 2761

S4A US Gulf - Skaw-Passero 12.5 71065 972

S4B Skaw-Passero - US Gulf 12.5 28275 491

Average of the T/C Routes 46604 1662

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 57800 1061

S6 Jpn-SK trip via Aus/India 0 43077 1991

S7 EC India - China 0 57850 1625

Baltic Exchange Handysize Index     2129     (UP 35)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 20050 86

HS2 Skaw - Passero trip Boston - Galveston 12.5 20350 121

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 45006 -77

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46033 53

HS5 SE Asia trip via Australia to Singapore - Japan 25 30257 971

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 29750 1107

Average of the T/C Routes 31432 543

The Daily Fixtures Report - 15/02/2008

BDI  7355 UP   143
BCI 10436 DOWN 110
BPI  7646 UP   395
BSI  4457 UP   159
BHSI 2129 UP    35

TIMECHARTER
'Star Beta' Industrial Carriers relet 1993 174691 dwt  dely Zhoushan
21/24 Feb 1
years trading redel worldwide $130000 daily - Oldendorff
'Tai Progress' 2004 77834 dwt  dely La Corunna   trip via USEC redel
Skaw-Cape
Passero $73000 daily - cnr
'Red Gardenia' 2005 76294 dwt      -  Metchart>
'IVS Merlot' 2005 76253 dwt  dely Qingdao 17/20 Feb  trip via NoPac redel Pakistan $65000 daily - Noble 'Loch Alyn' 2006 75845 dwt  dely Cape Passero 18/25 Feb 5/7 months trading redel worldwide $77000 daily - Italian chrtr 'Navios Saggitarius' 2006 75756 dwt  dely Stade 22/24 Dec  trip via Colombia redel Skaw-Cape Passero $69000 daily - Flame 'Giovanna Iuliano' 1997 75229 dwt  dely Shanghai 16/19 Feb balance of period 9
Apr/9 May redel worldwide $55000 daily - Armada 'Leonardo Lembo' 1996 75229 dwt  dely Vizakhapatnam 25/26 Feb  trip EC India redel Japan $65000 daily - NYK 'Petani' newbuilding 75000 dwt  dely ex yard Shanghai 20/22 Feb  trip via Australia redel Japan $57000 daily - 'K' Line 'Anna Smile' 2004 74823 dwt  dely Aden 26/29 Feb 11/13 months trading redel worldwide $69500 daily - Sinochart 'Banzai' 2002 74181 dwt  dely Mina Saqr 5/25 Mar 3/5 months trading redel worldwide $71000 daily - cnr 'Yong Feng' Sinochart relet 2000 74099 dwt  dely Taiwan 21/23 Feb balance of period 15 July/15 Aug redel worldwide $70000 daily - Daebo 'Thetis' Setsea relet 1993 73760 dwt  dely S.Korea 20/28 Feb 14/15 months trading redel worldwide $65000 daily - Daeyang 'Protefs' 2004 73630 dwt  dely PMO 19/22 Feb  trip via Bandar Abbas redel China $57000 daily - Amesco 'Island Globe' 1995 73119 dwt  dely Qinzhou 22/25 Feb  trip via Indonesia redel Singapore-Japan rge $47000 daily - cnr 'Proteus' 1999 73018 dwt  dely N.China 18/20 Feb balance of period up to
3 June
redel worldwide $65000 daily - STX Pan Ocean 'Shi Dai 3' 1994` 69659 dwt  dely Shantou 25/28 Feb 4/6 months trading redel worldwide $68000 daily - Chinese 'Sea Ilex' Farenco relet 1991 66000 dwt  dely Lanshan 16/18 Feb  trip via NoPac redel Singapore-Japan rge $48000 daily - Dreyfus 'Navios Astra' 2006 53648 dwt  dely Chennai 20/22 February  trip via India redel China $57500 daily - cnr 'Furness London' 2006 53472 dwt  dely South China spot  trip via Philippines redel India $42000 daily - ETA 'Arya Payam 2005 53000 dwt  dely Map ta Phut 20/27 February  trip via South east Asia redel China $43000 daily - cnr 'Capetan Vassilis' 2003 51196 dwt  dely dop Pipavav 20/25 February  trip via India redel China $52500 daily - Ikhlas 'Storm Ranger' 1995 45744 dwt  dely Kaohsiung 26/28 February balance of period until 4 June 2008 redel worldwide $49500 daily - cnr 'Noa' 1985 43590 dwt  dely Istanbul 19/21 Feb 2 laden legs redel Atlantic $45000 daily - cnr 'Sun New' 1985 31253 dwt  dely Longkou 21/25 Feb 18/20 months trading redel worldwide $32000 daily - cnr

ORE
'Taunton' 1986 160000/10 Tubarao/Kaohsiung 1/10 Mar approx $69.00 fio scale/45000sc - CSE 'Iron King' SK Shipping relet 1996 160000/10 West Australia/China 1/10 Mar
$27.25 fio scale/30000sc - cnr
'TBN' 160000/10 Dampier/Qingdao 9/18 Mar $28.25 fio scale/30000sc - Rio Tinto
'Kapadokia' 1982  /    -

The Daily Fixtures Report - 14/02/2008

BDI 7212  UP 247
BCI 10546 UP 131
BPI  7251 UP 499
BSI  4298 UP 132
BHSI 2094 UP  67

TIMECHARTER
'Cape Jacaranda' 1995 183863 dwt  dely Singapore 21/24 Feb  trip via Richards Bay redel Skaw-Cape Passero $66000 daily + $650000 bb - Cargill 'Anangel Prosperity' Swiss Marine relet 2006 174240 dwt  dely Cape Passero 26/29 Feb  trip via Brazil redel China $158000 daily - STX Pan Ocean 'CHS Harvest' 2006 174000 dwt  dely Shanghai 15/17 Feb  trip via West Australia redel China $122000 daily - BHP Billtion - 'Gran Trader' 2001 172529 dwt  dely Qingdao 19/21 Feb  trip via Australia redel Japan $135000 daily - NYK
'CSK Grandeur' 2000 170710 dwt      -  $115000 daily and recent>
'Mineral Noble' 2004 170649 dwt  dely Far East 15/17 Mar balance of period Dec 2008-Jan 2009 redel worldwide $145000 daily - Sinochart 'Bulk Europe' 2001 170578 dwt  dely Cape Passero 26/28 Feb transatlantic round redel Skaw-Cape Passero $104000 daily - cnr 'Juneau' SK Shipping relet 1990 149495 dwt  dely Bayuquan 22/24 Feb trip via Dampier redel Gijon $60000 daily - Rio Tinto 'Apollo' 2006 77326 dwt  dely Kaohsiung 23/25 Feb  trip via Weipa redel Porto Vesme $40000 daily - Norden 'Torm Antwerp' 2007 76866 dwt  dely Goa 18/22 Feb  trip redel China $63000 daily
- Rizhao Steel
'Anthemis' STX Pan Ocean Hong Kong 2004 76310 dwt  dely Porto Vesme
23/26 Feb
trip via Nouadhibou redel China $76000 daily - STX Pan Ocean Seoul -
13/02 report>
'Red Gardenia' 2005 76294 dwt  dely Goa 21/23 Feb  trip redel China $64000 daily
- Metchart
'Shi Dai 1' 2007 76000 dwt  dely La Spezia 15/18 Feb  trip via Cordoba redel Immingham $64000 daily - Dreyfus 'Nordrhine' 2001 75323 dwt  dely Brindisi 25/28 Feb 11/13 months trading redel worldwide $70000 daily - Navios 'Marina' 2000 75122 dwt  dely Fos 25/28 Feb 2 laden legs redel worldwide $70000 daily - Azure 'Clipper Monarch' 2000 74381 dwt  dely Rizhao 16/18 Feb 2 laden legs 1st leg via EC Australia/US Gulf redel Skaw-Cape Passero $55000 daily - Dreyfus 'Little Prince' 2001 74133 dwt  dely retro Jintang 11 Feb  trip via Australia redel Japan $55000 daily - MOSK 'Riruccia' 1997 74002 dwt  dely Qingdao 25/28 Feb 3/4 months trading redel worldwide $64000 daily - STX Pan Ocean 'Calipso' 2004 74000 dwt  dely Taiwan 14/16 Feb 1 years trading redel worldwide $64000 daily - Rizhao Steel 'Great Prosperity' 1999 73679 dwt  dely Haldia 13/15 Feb  trip via EC South America redel Singapore-Japan rge $56000 daily - Dreyfus 'Hamburg Max' 1994 73498 dwt  dely retro Sasebo 9 Feb  trip via Indonesia redel China $40000 daily - NYK 'Endless' 1999 73427 dwt  dely Praia Mole 3/5 Mar  transatlantic round redel Skaw-Cape Passero $63000 daily + $1.1 million bb - Armada 'Ioannis Zafirakis' 2004 73305 dwt  dely Skaw 18/20 Feb  trip via US Gulf redel Japan $74000 daily - MOSK 'Monte Pelmo' 2000 72876 dwt  dely Amsterdam 16/19 Feb  transatlantic round redel Skaw-Cape Passero approx $66500 daily - Armada 'Fu Min' 1997 72437 dwt  dely Toyohasi 25/28 Feb 1 years trading redel worldwide $66000 daily - Armada 'Ocean Favour' 1998 72400 dwt  dely Cape Passero 25/28 Feb 2 laden legs 1st leg Casablanca/US Gulf redel Skaw-Cape Passero $71500 daily - Klaveness
'Consul Poppe' 1995 68591 dwt      -  remained open>
'Amphion' 1987 64441 dwt  dely Cape Passero 21/25 Feb 3/5 months trading redel worldwide $56000 daily - Bunge 'Yasa Unsal Sunar' 2007 55500 dwt  dely Far East 10/25 March 1 years trading redel worldwide approx $57500 daily - Glorywealth 'Shrike' 2003 53343 dwt  dely worldwide April/July 2008 1 year trading redel worldwide $57000 daily - Korean charterer 'Navios Ionian' 2000 52067 dwt  dely Visakhaptnam 21/23 February  trip redel China $55000 daily - Chinese charterer 'New Power' 1989 43665 dwt  dely Praia Mole 16/19 Feb trip via east coast South America redel Far East approx $46000 daily +  $450000 bb - cnr 'Taxiarhis P' 1985 39013 dwt  dely Port Kelang spot trip via India redel China $27500 daily - Noble 'Elikon' 1980 28234 dwt 13 on 28-29 + 2.5 mdo dely Las Palmas 20/25 Feb trip via Jamaica redel London $21500 daily - Copenship

ORE
'Sigma TBN' 150000/10 Narvik/Eregli 12/21 Mar $30.00 fio scale/25000sc - Erdemir 'Captain Vangelis L' 1992 140000/10 Itaquai/Constanza end Feb/ely Mar $38.00 fio
7 days sc - Arcelor-Mittal

COAL
'Kapadokia' 1982 130000/10 Newcastle/Mailiao 6/20 Mar $23.60 fio 40000sc/35000sc
- Formosa -

Daily Summary of Baltic Exchange Dry Indices 13 February 2008

Baltic Exchange Dry Index TM 6965 (UP 253)

Baltic Exchange Capesize Index TM 10415 (UP 388)

Baltic Exchange Panamax Index TM 6752 (UP 276)

Baltic Exchange Supramax Index TM 4166 (UP 114)

Baltic Exchange Handysize Index TM 2027 (UP 71)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI  Average of the T/C routes $119146 (UP 4374)

BPI  Average of the T/C routes $54215 (UP 2215)

BSI  Average of the T/C routes $43560 (UP 1187)

BHSI Average of the T/C routes $29817 (UP 1113

Baltic Exchange Capesize Index     10415     (UP 388)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 29.991 0.591

C3 150000mt Tubarao - Beilun/Baoshan 15 64.229 1.000

C4 150000mt Richards Bay - Rotterdam 5 33.273 0.591

C5 150000mt W Australia - Beilun/Baoshan 15 27.886 1.368

C7 150000mt Bolivar - Rotterdam 5 31.064 0.605

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 106773 1409

C9_03 172000mt Continent/Mediterranean trip Far East 5 159639 2373

C10_03 172000mt Pacific RV 20 128923 9923

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 81250 3792

C12 150000mt Gladstone - Rotterdam 10 44.423 0.950

Average of the T/C Routes 119146 4374

Baltic Exchange Panamax Index     6752     (UP 276)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 63905 2962

P2A_03 74000mt SKAW-GIB/FAR EAST 25 73833 2143

P3A_03 74000mt Japan-SK/Pacific/RV 25 42477 1678

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 36645 2077

Average of the T/C Routes 54215 2215

Baltic Exchange Supramax Index     4166     (UP 114)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 57530 391

S1B Canakkale Trip Far East 12.5 59308 406

S2 Japan - SK / NOPAC or Australia rv 25 36152 2117

S3 Japan - SK Trip Gib - Skaw range 25 31432 1477

S4A US Gulf - Skaw-Passero 12.5 68908 1198

S4B Skaw-Passero - US Gulf 12.5 27568 313

Average of the T/C Routes 43560 1187

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 55714 723

S6 Jpn-SK trip via Aus/India 0 39227 1627

S7 EC India - China 0 54338 1657

Baltic Exchange Handysize Index     2027     (UP 71)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 19843 129

HS2 Skaw - Passero trip Boston - Galveston 12.5 20029 158

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 44711 200

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 45810 160

HS5 SE Asia trip via Australia to Singapore - Japan 25 27143 1922

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 26929 2208

Average of the T/C Routes 29817 1113

The Daily Fixtures Report - 13/02/2008

BDI   6965 UP 253
BCI  10415 UP 388
BPI   6752 UP 276
BSI   4166 UP 114
BHSI  2027 UP  71

TIMECHARTER
'Unique Carrier' 2007 177876 dwt  dely Shanghai retro 10 Feb  trip via West Australia redel S.China $130000 daily option redel N.China $132000 daily
- BHP
Billiton
'Cape Baltic' 2005 177536 dwt  dely Dunkirk 15/17 Feb  transatlantic round redel Skaw-Cape Passero $106000 daily - cnr 'Cape Jupiter' Coscobulk relet 1997 175480 dwt  dely Caofeidian 14/16 Feb  trip via West Australia redel China $124500 daily - BHP Billiton 'Ocean Ceres' 1999 171850 dwt  dely Chiba 21/23 Feb  trip via Richards Bay redel Skaw-Cape Passero $73750 daily - BHP Billiton - 'CSK Grandeur' 2000 170170 dwt  dely Far East 10/12 Feb  trip via West Australia redel China $122000 daily - BHP Billiton 'Vogebulker' 1999 169168 dwt  dely Far East Apr 11/13 months trading redel worldwide $132000 daily - Coscobulk 'Jag Arjun' 1996 164796 dwt  dely Nagoya 20/22 Feb  trip via NoPac redel South Korea $115000 daily - STX Pan Ocean 'Cape Eagle' 1993 161475 dwt  dely Dunkirk 20/22 Feb  transatlantic round redel Skaw-Cape Passero $98000 daily - SK Shipping - 'Bulk Brazil' 2008 82500 dwt  dely Tsuneishi 18/22 Feb 3/5 months trading redel worldwide $62000 daily - Bunge 'CMB Florentina' Korea Line relet 2005 76838 dwt  dely Japan 20/22 Feb 1 years trading redel worldwide $64500 daily - STX Pan Ocean 'CMB Laetitia' 2007 76499 dwt  dely Huangpu 17/18 Feb 3/4.5 months trading redel worldwide $53000 daily - TMT 'Boomerang' 2004 76390 dwt  dely Jingtang 18/22 Feb 3/5 months trading redel worldwide $65000 daily - Bunge 'Anthemis' STX Pan Ocean relet 2004 76310 dwt  dely Porto Vesme 17/20 Feb  trip via EC South America redel Far East $76000 daily - cnr 'Arabella' 2001 75563 dwt  dely Guangzhou 15/17 Mar 11/13 months trading redel worldwide $66500 daily - Golden Ocean 'Marina' Cosco Europe relet 2000 75122 dwt  dely Fos 25/26 Feb 2 laden legs redel Skaw-Cape Passero $70000 daily - cnr 'Roger M.Jones'  obo 1992 74868 dwt  dely Piraeus 27/29 Feb 11/13 months trading redel worldwide approx $59500 daily - Transfield
'Erato' 2004 74444 dwt      -
'Golden Lyderhorn' 1999 74242 dwt  dely S.China 22/24 Feb  trip via Indonesia redel Taiwan $41000 daily - Daebo 'Elinakos' 1997 73751 dwt  dely Zhangzhou 14/16 Feb  trip via Indonesia redel Onahama $41000 daily - Daebo 'Song Shan Hai' 1998 73604 dwt  dely Guangzhou 14/17 Feb 3/5 months trading redel worldwide $61500 daily - BHP Billiton 'King Coal' 1997 72873 dwt  dely Immingham 22/25 Feb balance of period up to 25 May 2008 redel worldwide $70000 daily - European chrtr 'Big Sky' Rizzo-Bottiglieri-De Carlini Armatori relet 1994 69189 dwt dely Cape Passero 24/25 Feb period min 12 July/max Aug redel worldwide $70500 daily - Practica 'Consul Poppe' 1995 68591 dwt  dely Cape Passero 21/25 Feb  trip via US Gulf & Iraq redel PMO $59000 daily - Golden Ocean 'Andros R' 1985 64843 dwt  dely Hamburg 14/22 Feb  trip EC South America redel Singapore-Japan rge $65000 daily - STX Pan Ocean 'Dubai Energy' 2004 55389 dwt  dely Lome 14/17 Feb trip via West Africa redel Black Sea $60000 daily - Oldendorff 'Port Moresby' 2002 53535 dwt  dely Jintang spot  trip via Nopac redel Singapore-Japan $38000 daily - cnr 'Captainyannis L' 1995 43683 dwt  dely Sriracha 18/22 February  trip via Indonesia redel India approx $36000 daily - Eitzen 'Aquamarine' 1984 38885 dwt  dely Douala 19/22 Feb trip via West Africa redel Black Sea $36000 daily - Oldendorff

ORE
'Iron Miner' 2007 160000/10 Port Hedland/Qingdao 22/29 Feb $27.00 fio scale/30000sc - BHP Billiton
'Boston' 2007  /    -  $61.50 basis Tubarao>

COAL
'Rip Hudner' 1994 75000/10 Hampton Roads/Ijmuiden 20/25 Feb $32.00 fio 7 days sc
- Corus

Daily Summary of Baltic Exchange Dry Indices 12 February 2008

Baltic Exchange Dry Index TM 6712 (UP 192)

Baltic Exchange Capesize Index TM 10027 (UP 271)

Baltic Exchange Panamax Index TM 6476 (UP 239)

Baltic Exchange Supramax Index TM 4052 (UP 72)

Baltic Exchange Handysize Index TM 1956 (UP 62)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI   Average of the T/C routes $114772 (UP 2945)

BPI   Average of the T/C routes $52000 (UP 1920)

BSI   Average of the T/C routes $42373 (UP 755)

BHSI  Average of the T/C routes $28704 (UP 992)

Baltic Exchange Capesize Index     10027     (UP 271)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 29.400 0.591

C3 150000mt Tubarao - Beilun/Baoshan 15 63.229 1.416

C4 150000mt Richards Bay - Rotterdam 5 32.682 1.159

C5 150000mt W Australia - Beilun/Baoshan 15 26.518 0.968

C7 150000mt Bolivar - Rotterdam 5 30.459 0.545

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 105364 2409

C9_03 172000mt Continent/Mediterranean trip Far East 5 157266 2379

C10_03 172000mt Pacific RV 20 119000 4115

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 77458 2875

C12 150000mt Gladstone - Rotterdam 10 43.473 0.800

Average of the T/C Routes 114772 2945

Baltic Exchange Panamax Index     6476     (UP 239)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 60943 2200

P2A_03 74000mt SKAW-GIB/FAR EAST 25 71690 2605

P3A_03 74000mt Japan-SK/Pacific/RV 25 40799 1579

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 34568 1296

Average of the T/C Routes 52000 1920

Baltic Exchange Supramax Index     4052     (UP 72)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 57139 186

S1B Canakkale Trip Far East 12.5 58902 279

S2 Japan - SK / NOPAC or Australia rv 25 34035 1368

S3 Japan - SK Trip Gib - Skaw range 25 29955 960

S4A US Gulf - Skaw-Passero 12.5 67710 845

S4B Skaw-Passero - US Gulf 12.5 27255 75

Average of the T/C Routes 42373 755

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 54991 518

S6 Jpn-SK trip via Aus/India 0 37600 1277

S7 EC India - China 0 52681 1868

Baltic Exchange Handysize Index     1956     (UP 62)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 19714 114

HS2 Skaw - Passero trip Boston - Galveston 12.5 19871 157

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 44511 111

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 45650 35

HS5 SE Asia trip via Australia to Singapore - Japan 25 25221 1996

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 24721 1763

Average of the T/C Routes 28704 992

Daily Summary of Baltic Exchange Dry Indices

11 February 2008

Baltic Exchange Dry Index TM 6520 (UP 167)

Baltic Exchange Capesize Index TM 9756 (UP 266)

Baltic Exchange Panamax Index TM 6237 (UP 208)

Baltic Exchange Supramax Index TM 3980 (UP 67)

Baltic Exchange Handysize Index TM 1894 (UP 20)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI  Average of the T/C routes $111827 (UP 3207)

BPI  Average of the T/C routes $50080 (UP 1683)

BSI  Average of the T/C routes $41618 (UP 699)

BHSI Average of the T/C routes $27712 (UP 311)

Baltic Exchange Capesize Index     9756     (UP 266)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 28.809 0.795

C3 150000mt Tubarao - Beilun/Baoshan 15 61.813 1.472

C4 150000mt Richards Bay - Rotterdam 5 31.523 1.628

C5 150000mt W Australia - Beilun/Baoshan 15 25.550 0.705

C7 150000mt Bolivar - Rotterdam 5 29.914 0.659

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 102955 2410

C9_03 172000mt Continent/Mediterranean trip Far East 5 154887 3705

C10_03 172000mt Pacific RV 20 114885 3294

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 74583 3419

C12 150000mt Gladstone - Rotterdam 10 42.673 0.933

Average of the T/C Routes 111827 3207

Baltic Exchange Panamax Index     6237     (UP 208)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 58743 1731

P2A_03 74000mt SKAW-GIB/FAR EAST 25 69085 2185

P3A_03 74000mt Japan-SK/Pacific/RV 25 39220 1756

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 33272 1059

Average of the T/C Routes 50080 1683

Baltic Exchange Supramax Index     3980     (UP 67)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 56953 321

S1B Canakkale Trip Far East 12.5 58623 348

S2 Japan - SK / NOPAC or Australia rv 25 32667 1152

S3 Japan - SK Trip Gib - Skaw range 25 28995 1038

S4A US Gulf - Skaw-Passero 12.5 66865 620

S4B Skaw-Passero - US Gulf 12.5 27180 -75

Average of the T/C Routes 41618 699

The route(s) below do not form part of the index calculation

S5 W.Africa via ECSA to FarEast 0 54473 491

S6 Jpn-SK trip via Aus/India 0 36323 1290

S7 EC India - China 0 50813 1288

Baltic Exchange Handysize Index     1894     (UP 20)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 19600 14

HS2 Skaw - Passero trip Boston - Galveston 12.5 19714 135

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 44400 17

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 45615 -35

HS5 SE Asia trip via Australia to Singapore - Japan 25 23225 596

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 22958 579

Average of the T/C Routes 27712 311

The Daily Fixtures Report - 11/02/2008

BDI  6520 UP 167
BCI  9756 UP 266
BPI  6237 UP 208
BSI  3980 UP 67
BHSI 1894 UP 20

TIMECHARTER
'SG Prosperity' 1997 211201 dwt  dely retro Rizhao Feb 6  trip via West Australia redel China $120000 daily - BHP BIlliton 'Cape Carmel' NCSC relet 1996 179879 dwt  dely Cape Passero mid Feb trip via Bolivar redel Rotterdam $97000 daily - Morgan Stanley 'Cape Jupiter' 1997 175480 dwt  dely Worldwide Feb/Mar 1 years trading redel worldwide $132000 daily - Coscobulk 'Hebei Loyalty' 1987 172810 dwt  dely Xingang 15/17 Feb  trip redel Skaw-Cape Passero $52500 daily for 1st 60 days & $120000 daily for balance - Swiss Marine 'Christina' 2007 77053 dwt  dely Dalian 12/14 Feb  trip via NoPac redel Singapore-Japan rge $39250 daily - Dreyfus 'Pina Cafiero' 2002 75688 dwt  dely Montoir in d/c 10/12 Feb  trip via Brazil redel China $70000 daily - Cargill 'Alpha Happiness' 1999 72893 dwt  dely Dangjin 15/25 Feb  trip via NoPac redel Singapore-Japan rge $40000 daily - Alfred C.Teopfer 'Sunny Ace' 2005 55800 dwt  dely Sasebo 15/18 February  trip via Nopac redel India $38000 daily - Eitzen 'Salamina' 2001 53531 dwt  dely North China 3/12 March 1 years trading redel worldwide approx $52900 daily - Cargill 'Sanko Spring' 1998 50655 dwt  dely Barranquila 20/28 February  trip via North Coast South America redel Med approx $70000 daily - Atlas 'Pilion' Cargill relet 1994 50383 dwt  dely Rizhao 12/14 February  trip via Indonesia redel Pakistan $34000 daily - Shadab 'Dimitris S' 2004 48821 dwt  dely Bilbao spot trip via Brazil redel S.Korea $50000 daily - Carbofer 'Swift' 1984 37687 dwt  dely Dar Es Salaam 26/29 Feb trip via South Africa redel Continent/Mediterranean approx $34000 daily - IVS 'Lagonda' 2001 28186 dwt fixed as gearless dely Karachi 14/22 Feb trip via west coast India redel Far East $22000 daily - Canchart

The Daily Fixtures Report - 08/02/2008

BDI  6353 UP 218
BCI  9490 UP 394
BPI  6029 UP 294
BSI  3913 UP  44
BHSI 1874 DOWN 1

TIMECHARTER
'Malindi' newbuilding 177000 dwt  dely ex yard SWS 14/16 Feb  trip via West Australia redel China $114000 daily - BHP Billiton 'Mineral China' 2003 171995 dwt  dely Moneypoint 18/20 Feb  trip via Brazil redel China $152000 daily - Dreyfus 'Cape America' 1991 149515 dwt  dely Qingdao 15/20 Mar 11/13 months trading redel worldwide $105000 daily - Constellation 'Red Iris' CTP relet 2003 75730 dwt  dely Rizhao 11/18 Feb  trip via NoPac redel Singapore-Japan approx $38500 daily - Cargill 'Grazia Bottilgieri' 2000 75265 dwt  dely Lanshan 7/10 Feb  trip via W.Australia & PG redel Aden or PMO $41000 daily - SYX Pan Ocean 'Primrose' 2001 74710 dwt  dely Lianyungang 9/10 Feb  trip via N.China redel S.Korea $27000 daily - cnr 'Redondo' 2000 74500 dwt  dely PMO 19/22 Feb  trip via WC India redel China $51500 daily - cnr 'Sea Urchin' 2001 74193 dwt  dely Worldwide May/June 11/13 months trading redel worldwide $63500 daily - cnr 'Konstantinios A' 1995 71550 dwt  dely Ijmuiden 10/12 Feb  trip via Newport News redel Jorf Lasfar $56000 daily - Dreyfus 'B.Indonesia' 1990 70427 dwt geared dely S.Korea 12/15 Feb  trip via Indonesia redel S.Korean $37000 daily - Daeyang 'Jewel I' 1983 65403 dwt  dely Pakistan 14/19 Feb  trip via WCIndia redel China $42000 daily - Noble 'Sea Lavender' 2002 50341 dwt  dely Lagos 10/15 Feb trip via West Africa redel Continent $55500 daily - cnr 'Emerald' 1998 45588 dwt  dely Recalada 10/15 Feb trip via Persian Gulf redel PMO $47000 daily + $750000 bb - Bunge 'Karsiyaka' 1999 45574 dwt  dely Map Ta Phut 9/12 February  2 ldn legs redel Singapore-Japan average rate approx $43000 daily - STX Pan Ocean 'Alberto Topic' 1991 43473 dwt  dely Cadiz 12/13 February  2 laden legs redel Atlantic $46000 daily - TGP 'Pacific Embolden' 1993 43396 dwt  dely Canakkale 9/13 Feb trip via Black Sea to Persian Gulf redel PMO $49750 daily - cnr 'Florence' 1985 27650 dwt  dely Fujairah 16/20 February  trip redel South-East Asia $25000 daily - Thoresen

ORE
'Cape Venus or Cape Mars in owners option' 1996 & 2003 respectively 160000/10 Port Hedland/Qingdao 20/29 Feb $23.90 fio scale/30000sc - BHP Billiton

COAL
'PCL TBN' 70000/5 Hampton Roads/Ghent 24 Feb-5 Mar $31.00 fio 5 days sc
-

The Daily Fixtures report - 07/02/2008

 

BDI  6135 UP  133
BCI  9096 UP  348
BPI  5735 UP   87
BSI  3869 UP   26
BHSI 1875 DOWN 18

TIMECHARTER
'Spring Hydrangea' 2006 176955 dwt  dely Pohang 9/11 Feb  trip via West Australia redel China $108000 daily - BHP Billiton 'CHS Creation' 2006 174231 dwt  dely China d/c 15/20 Feb  trip via West Australia redel China $107500 daily - BHP Billiton 'Kohfukusan' 1999 172566 dwt  dely Mizushima 11/13 Feb  trip via EC Australia redel Rotterdam $58000 daily 1st 55 days & $110000 daily for the balance
- BHP
Billiton
'Iron Baron' 1999 169981 dwt  dely Luojing 10/12 Feb  trip via West Australia redel China $110000 daily - SK Shipping 'Aquafaith' 1997 167110 dwt  dely Qingdao 11/14 Feb 3/5 months trading redel worldwide $120000 daily - Oldendorff 'Micaela Della Gatta' Rizzo-Bottiglieri-De Carlini relet 2006 82790 dwt dely Cape Passero 7/8 Feb 5/7 months trading redel worldwide $66250 daily - Swiss Marine 'Mendocino' 2002 76623 dwt  dely Kaohsiung 11/14 Feb  trip via West Australia & PG redel PMO $40000 daily - Glencore 'Yasa Team' 2006 75500 dwt  dely Cape Passero 10/12 Feb  transatlantic round redel Skaw-Cape Passero $55000 daily - Cargill 'Capitola' 2001 74816 dwt  dely Ghent 18/20 Feb 1/2 laden legs redel worldwide $56000 daily - Cargill 'Alpha Harmony' 2001 74492 dwt  dely Aliaga 8/10 Feb 1/2 laden legs in chop redel Skaw-Cape Passero $55000 daily - Dreyfus 'Felicia' 1997 72456 dwt  dely Taichung 10/13 Feb  trip via Indonesia redel Hong Kong $29000 daily - BHP Billiton
'Menorca' 1997 71685 dwt      -
'Great Pescadores' 1998 70529 dwt  dely Portbury 10/13 Feb  trip via EC South America redel Far East $65000 daily - Alfred C.Toepfer 'Flag Seaman' 1987 64235 dwt  dely Santander 13/15 Feb  trip via Kamsar redel Aughinish $52000 daily - Armada 'Syros' 1981 63325 dwt  dely Cape Passero 11/20 Feb  trip via EC South America redel Rotterdam $41000 daily - Archer Daniels Midland 'Josco Yanghzhou' 2005 55621 dwt  dely WC India end Feb/early Mar 12 months trading redel worldwide approx $48000 daily - Oldendorff 'Almasi' 2001 52342 dwt  dely Rizhao 15/17 Feb  trip via Indonesia redel India $32500 daily - cnr 'Akili' 2001 52301 dwt  dely S. Norway 7/10 Feb  trip redel Aden-Colombo intention scrap $60000 daily - cnr 'Aeolos' 1997 45736 dwt  dely Japan 16/18 Feb  7/9 months trading redel worldwide $41000 daily - Oldendorff -

The Daily Fixtures Report - 06/02/2008

BDI  6002 DOWN 30
BCI  8748 DOWN 80
BPI  5648 DOWN 20
BSI  3843 UP   20
BHSI 1893 DOWN 19

TIMECHARTER
'New Forest' 1985 185688 dwt  dely retro Kwangyang 5 Feb  trip via West Australia redel China $102500 daily - BHP Billiton 'Channel Navigator' 1997 172058 dwt  dely Pohang 10/12 Feb  trip via Gladstone & Turkey redel Skaw-Cape Passero $53000 daily for 1st 55 days $100000 for the balance - Cargill 'Cape Stork' 1996 171039 dwt  dely Qingdao 1/3 Feb  trip via West Australia redel China $95500 daily - BHP Billiton 'Bulk Brazil' 2008 82500 dwt  dely Tsuneishi 15/20 Feb 11/13 months trading redel worldwide $63000 daily - Sealink Shanghai 'Montrose' 2002 75592 dwt  dely Rotterdam 12/18 Feb  trip via Port Cartier redel Hansaport $71000 daily - Daeyang 'Libertas' 2007 75511 dwt  dely Atlantic 20/29 Apr 3/5 months trading redel worldwide $62000 daily - Armada 'Anastasia' 2006 75331 dwt  dely Matsuura 11/15 Feb 12/14 months trading redel worldwide $60000 daily - BHP Billiton 'Ataman' 2001 72867 dwt  dely Niihama 12/18 Feb  trip via NoPac redel Indonesia $32000 daily - STX Pan Ocean 'Marbella' 2000 72561 dwt  dely Point Comfort 15/20 Feb  trip via US Gulf redel Skaw-Cape Passero $51000 daily + $900000 bb - Sinochart 'Menorca' 1997 71685 dwt  dely Cape Passero 18/20 Feb 2 laden legs redel Skaw-Cape Passero $54000 daily - cnr 'Lavadara' 1996 69091 dwt  dely Taiwan 15/20 Feb  trip via Indonesia redel Taiwan $32000 daily - cnr 'Natalie' 1981 64911 dwt  dely Beilun 8/16 Feb  trip via EC India redel China $23000 daily - Uniwell
'First Trader' 2007 55687 dwt      -
'Spar Lyra' 2005 53565 dwt  dely Tuticorin 10/12 February  trip via East Coast India redel China approx $51500 daily - cnr 'Stella Maris' 2007 52454 dwt  dely Passero 10/15 February  trip via Spanish Med redel USGulf approx $22750 daily - Eitzen 'Prabhu Jivesh' 2002 50926 dwt  dely Lianyungang 13/15 February  trip via Indonesia redel India approx $34000 daily - British Marine 'Ji Qing Men' 1984 39365 dwt  dely Hoping spot  trip redel West Africa approx $22000 daily - Oldendorff 'Maritime Friendship' 1984 29135 dwt  dely Rio Grande 16/18 February trip via East Coast South America redel Med-Baltic $40250 daily - Cargill

The Daily Fixtures Report - 05/02/2008

BDI  6032 DOWN  89
BCI  8828 DOWN 225
BPI  5668 DOWN  44
BSI  3823 DOWN  11
BHSI 1912 DOWN  20

TIMECHARTER
'Private' STX Pan Ocean relet 2005 177853 dwt  dely Kure spot  trip via Australia redel Japan $102000 daily - NYK 'Cape Harrier' 2005 177393 dwt  dely Beilun 7/10 Feb  trip via West Australia redel China $93000 daily - BHP Billiton 'Anangel Sailor' 2006 171681 dwt  dely Shanghai 11/13 Feb  trip via E.Australia redel Skaw-Cape Passero $55000 daily 1st 55 days & $120000 daily for the balance
- Swiss Marine
'Anangel Eternity' 1999 171101 dwt  dely Far East July/Aug 2008 5 years trading redel worldwide $70000 daily - Coscobulk
'Bulk Brazil' 2008 82500 dwt      -  failed>
'Marvellous' 2002 75746 dwt  dely Cartagena 8/9 Feb  trip via Ponta da Madeira redel Spain int pigiron $57000 daily - Armada 'Bargara' 2002 74816 dwt  dely Cape Passero spot 2 laden legs redel Atlantic $54000 daily - Armada 'Great Wisdom' 2000 74293 dwt  dely Baltimore 20/25 Feb  trip via USEC redel S.Korea $61000 daily + $750000 bb - Daeyang - 'Sea Urchin' 2001 74193 dwt  dely Rizhao 4/7 Feb  trip Australia redel Black Sea $30000 daily - Map Marine
'Pacific Paradise' 1993 73645 dwt      -  $50000 daily and the charterer
is Phiniqia>
'Yuba' 1987 72578 dwt  dely PMO 8/10 Feb  trip via WC India redel China $40000 daily - Uniwell 'Primera' 1998 72495 dwt  dely Imbituba 9/11 Feb  trip via EC South America redel Skaw-Cape Passero $50000 daily + $1.00 million bb - Congentra 'Faviola' 1982 64653 dwt  dely US Gulf 15/25 Feb  trip redel Egyptian Med $44000 daily + $750000 bb - TMT
'Guoyan No.5' 1985 63000 dwt      -  incorrect>
'First Trader' 2007 55687 dwt  dely Kohsichang 14/17 February  trip via South East Asia redel China approx $35500 daily - Sealink 'King Halo' Daiichi relet 2005 53490 dwt  dely Kokura 7/14 February trip via Nopac redel South Japan $30130 daily - Sanko 'New Destiny' 2007 53460 dwt  dely Xingang 6/10 February 3/5 months trading redel worldwide $42500 daily - Norden 'Gem of Kilakarai' 2005 53299 dwt  dely Shanghai 9/11 February  trip via South East Asia redel China $32000 daily - Danzas 'Rea' 2003 53125 dwt  dely Kashima 5/8 February  trip via East Coast Australia redel India $40000 daily 1st 35 days $45000 daily balance - STX Pan Ocean 'Pindos' 1994 50000 dwt  dely Qingdao 11/17 February  4/6 months trading $44500 daily option 3/5 months trading $45500 daily redel worldwide - Oldendorff 'Pacific Pioneer' 1992 41971 dwt  dely Huelva 18/20 February  2/3 laden legs redel Atlantic option Singapore-Japan $45000 daily - Clipper

ORE
'Cape Venus' 1996 160000/10 Dampier/Qingdao 22/29 Feb $23.00 fio scale/30000sc - Cargill - 'Front Rider' obo 1992 150000/10 Tubarao/Qingdao end Feb $55.00 fio scale/30000sc - Pacific Bulk -

MISC
'Gydnia' 50000/10 petcoke Mississippi River/Yantai 1/10 Feb $85.00 fio 10000sc/8000sx - cnr