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