feedburner
Enter your email address:

Delivered by FeedBurner

feedburner count

Friday, August 29, 2008

The Daily Fixtures Report - 29/08/2008


BDI  6809 (DOWN 120) 
BCI 10506 (DOWN 314) 
BPI  5993 (UP    42)
BSI  4189 (DOWN 102) 
BHSI 2151 (DOWN  25)
TIMECHARTER
'Capri' 2001 172529 dwt  dely Kwangyang 7/9 Sept  trip via Indonesia redel Continent $75000 daily - SK Shipping
'Samsara' SK Shipping relet 1996 150393 dwt  dely Xingang 30/31 Aug  trip via West Australia redel China $90000 daily - STX Pan Ocean
'Pergamos' 2007 92832 dwt  dely Immingham 3/7 Sept  trip via NC South America redel Skaw-Cape Passero $78000 daily - EdF
'Koutalianos' 2007 92710 dwt  dely Rotterdam 4/6 Sept  trip via Brazil redel China $84000 daily - Pacific Bulk
'Maritime Suzana' 2005 76619 dwt  dely Shanghai 1/5 Sept  trip via EC Australia redel Portbury $29500 daily - D'Amato di Navigazione
'Avoca' 2004 76500 dwt  dely Cape Passero 3/7 Aug  trip via Davant & Immingham redel Skaw-Cape Passero $60000 daily - Navios - 
'Elpis' 2001 75269 dwt  dely Qingdao 5/9 Sept  trip via EC Australia redel Skaw-Cape Passero $28000 daily - Norden
'Samjohn Amity' CTP relet 1998 74744 dwt  dely Jorf Lasfar 1/3 Sept  trip via Brazil redel Far East $78000 daily - Pacific Bulk
'Majorca' Cosco Hong Kong relet 2005 74447 dwt  dely Hamburg 3/8 Aug  trip via US Gulf redel Skaw-Cape Passero $63000 daily - cnr
'Alpha Afovos' 2001 74427 dwt  dely Kosichang 30 Aug/4 Sept  trip via Darwin redel S.China $30000 daily option redel N.China $31000 daily - Noble Chartering
'Capt. Stefanos' 2002 74077 dwt  dely Goa 2/4 Sept  trip via Richards Bay redel Continent-Med $41000 daily - Cargill
'Rodon' 1993 73670 dwt  dely aps Recalada 10/20 Sept  trip via Jebel Ali redel PMO $65000 daily + $1.6 million bb - GIEX
'YK Sentosa'  2007 73625 dwt  dely Mumbai 2/5 Sept  trip via Bahrain redel Taiwan $40000 daily - China Steel Express
'Christina IV' 2000 72493 dwt  dely Barcelona spot  trip via Sepetiba redel Ghent $54500 daily - CTP
'Jag Arnav' 1996 71122 dwt      - 
'Bianco ID' 1998 70521 dwt  dely Cartagena 29 Aug/4 Sept  trip via Praia Mole redel Far East int steels $74000 daily - STX Pan Ocean
'Akmi' 2003 53806 dwt  dely PMO 29 Aug/2 Sept trip via WC India redel Pakistan $28500 daily - Canchart Singapore
'Skua' 2003 53350 dwt  dely Lianyungang early September 12 months trading redel worldwide $53000 daily - European charterer
'Arya Payk 2006 53000 dwt  dely Lanshan 29 Aug/5 Sept  trip via Nopac redel India $40500 daily - cnr
'Nord Discovery' 2006 52300 dwt  dely Haldia 29 Aug/3 Sept  trip via Australia redel Singapore-Japan $34000 daily - cnr
'Indigo Ocean' 2008 28250 dwt  dely US west coast 15/20 Sept trip redel Japan approx $32750 daily + $550000 bb - TSL
ORE
'Irongate' 1982 160000/10 Saldanha Bay/China 10/20 Sept $48.00 fio scale/30000sc - Kumba
'Cape Med' 2006 160000/10 Tubarao/Qingdao 20/30 Sept $68.00 scale/25000sc - STX Pan Ocean
'TBN' 160000/10 Dampier/Rotterdam 15/24 Sept $37.50 fio scale/45000sc - CTM
'C.Koreana' 1990 150000/10 Port Hedland/Qingdao 15/24 Sept $27.50 fio scale/30000sc - STX Pan Ocean
COAL
'Star Beta' 1993 160000/10 Richards Bay/Rotterdam 23 Sept/2 Oct $37.00 fio scale/25000sc - BHP Billiton
'Navigator II' 1998  /    -

Daily Bunker Market Report - 29 August 2008


Northern Europe
_______________
Port               IF-380       IF-180          M.D.O.          M.G.O.
Rotterdam    (D)  642-643  -7  685-686 -10     935-940 -15 1,010-1,040
-15
Rotterdam LS (D)  667-673  -7  710-716 -10
Antwerp      (D)   640.00 -12   670.00 -15      940.00 -35    1,030.00
-30
Antwerp LS   (D)   670.00 -10   700.00 -10
Hamburg      (D)   663.00  -7   688.00 -20      985.00 +10    1,050.00
-19
Hamburg LS   (D)   683.00 -16   708.00 -20
Gt. Belt     (D)   659.00  +0   709.00  +5    1,028.00  -6    1,073.00
-6
Gt. Belt LS  (D)   676.00  +1   736.00  +1
Le Havre     (W)                                              1,073.00
-5
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Mediterranean
_____________
Port Notices:
Malta - Fuels very tight
Port               IF-380       IF-180          M.D.O.          M.G.O.
FOS          (W)   673.00  +1   709.00  +0                    1,055.00
-11
Gibraltar    (D)   676.00  +1   701.00  +1    1,060.00  -5    1,085.00
-5
Algeciras    (D)   678.00  +1   703.00  +1    1,063.00  -5    1,088.00
-10
Malta        (D)   692.00  +1   725.00  +1                    1,080.00
-7
Augusta      (W)   679.00  +1   719.00  +3                    1,087.00
-7
Genoa        (W)   677.00  +1   709.00  +0                    1,083.00
-7
Piraeus      (D)  664-665  +8  695-696  +7                 1,025-1,030
-2
Istanbul     (W)   714.00  +1   747.00  +0                    1,162.00
-11
Las Palmas   (D)   691.00  +1   721.00  +1    1,070.00  -5    1,080.00
-5
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Middle East & Africa
____________________
Port Notices:
Suez - Fuels extremely tight and some gasoil available
Jeddah - Prices effective from 28th - 3rd september
Dammam - Prices effective from 28th - 3rd september
Port               IF-380       IF-180          M.D.O.          M.G.O.
Durban       (W)                805.00 +25    1,035.00 -10    1,045.00
-10
Cape Town    (W)                785.00  +0                    1,060.00
-15
Fujairah     (D)  717-725  +0  738-743  +2                 1,250-1,270
+0
Jeddah       (D)   690.00  +0   708.50  +0    1,420.00  +0
WEF 28/8
Damman       (D)   695.00  +0   720.00  +0    1,200.00  +0
WEF 28/8
Suez         (D)  694-697  -2   725.00  +1                 1,400-1,410
+0
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Far East & South Pacific
________________________
Port Notices:
Japan - Subject enquiry
Port               IF-380       IF-180          M.D.O.          M.G.O.
Singapore    (D)  698-709  -1  713-718  -1                 1,015-1,020
+5
Hong Kong    (D)  700-703  -5  714-716  -8   990-1,000  -5
Japan        (D)  785-790 +25  790-795 +20 1,120-1,125  +0
Korea        (D)  690-695  -5  720-725  -5 1,090-1,095  +0
Taiwan       (D)   732.00 +15   747.00 +15    1,100.00  +0    1,115.00
+0
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Americas
________
Outlook:
Port Notices:
Port               IF-380       IF-180          M.D.O.          M.G.O.
New York     (W)  677-679 +22  755-757 +10 1,025-1,035  +0       S.E.
Philadelphia (W)  668-670  +8  762-764  +2 1,025-1,035  +0       S.E.
Norfolk      (W)  668-670  +5  755-757  +5 1,030-1,040  +0       S.E.
Houston      (W)  650-652 -11  731-733 +11 1,050-1,060  -3       S.E.
New Orleans  (W)  650-652  -2  710-712  -3 1,050-1,060  -2       S.E.
Los Angeles  (W)  675-680  +5  690-700 +10 1,000-1,020 -15       S.E.
San Francisco(W)  665-670  +2  690-710  +0   1,190-120  +0       S.E.
Seattle      (W)  723-730  +0  760-765  +0 1,050-1,060  +0       S.E.
Portland     (W)  770-775  +0  800-810  +0 1,100-1,120  +0       S.E.
Panama       (W)  715-717  +8  781-783  +0                 1,360-1,370
+0
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Please note Americas indications are from the previous day close.
BRENT CRUDE (LIPE):
CLOSED (28/8/08)   : USD 114.17(-2.05)
OPENED (29/8/08)   : USD 115.00(+0.83)

TIME CHARTER FIXTURES - 29 August 2008


CAPRI 2001                                            172529 DWT    
  TCT
DEL KWANGYANG, SEP 7/9, TRIP VIA INDONESIA, REDEL CONTINENT
$75000 DAILY                                            SK SHIPPING
----------------------------------------------------
SAMSARA 1996 SK SHIPPING RELET                        150393 DWT    
  TCT
DEL XINGANG, AUG 30/31, TRIP VIA WEST AUSTRALIA, REDEL CHINA
$90000 DAILY                                            STX PAN OCEAN
----------------------------------------------------
PERGAMOS 2007                                         92832 DWT     
  TCT
DEL IMMINGHAM, SEP 3/7, TRIP VIA NC SOUTH AMERICA, REDEL SKAW-CAPE
PASSERO
$78000 DAILY                                            EDF
----------------------------------------------------
KOUTALIANOS 2007                                      92710 DWT     
  TCT
DEL ROTTERDAM, SEP 4/6, TRIP VIA BRAZIL, REDEL CHINA
$84000 DAILY                                            PACIFIC BULK
----------------------------------------------------
MARITIME SUZANA 2005                                  76619 DWT     
  TCT
DEL SHANGHAI, SEP 1/5, TRIP VIA EC AUSTRALIA, REDEL PORTBURY
$29500 DAILY                                            D'AMATO DI
NAVIGAZIONE
----------------------------------------------------
AVOCA 2004                                            76500 DWT     
  TCT
DEL CAPE PASSERO, AUG 3/7, TRIP VIA DAVANT & IMMINGHAM, REDEL
SKAW-CAPE PASSERO
$60000 DAILY                                            NAVIOS
RPTD 8/28: CORRECTS REPORT OF THE SHIP FIXING TO SETSEA
----------------------------------------------------
ELPIS 2001                                            75269 DWT     
  TCT
DEL QINGDAO, SEP 5/9, TRIP VIA EC AUSTRALIA, REDEL SKAW-CAPE PASSERO
$28000 DAILY                                            NORDEN
----------------------------------------------------
SAMJOHN AMITY 1998 CTP RELET                          74744 DWT     
  TCT
DEL JORF LASFAR, SEP 1/3, TRIP VIA BRAZIL, REDEL FAR EAST
$78000 DAILY                                            PACIFIC BULK
----------------------------------------------------
MAJORCA 2005 COSCO HONG KONG RELET                    74447 DWT     
  TCT
DEL HAMBURG, AUG 3/8, TRIP VIA US GULF, REDEL SKAW-CAPE PASSERO
$63000 DAILY                                            CNR
----------------------------------------------------
ALPHA AFOVOS 2001                                     74427 DWT     
  TCT
DEL KOSICHANG, AUG30/4SEP, TRIP VIA DARWIN, REDEL S.CHINA OPTION
N.CHINA
$30000 DAILY OPTION $31000 DAILY                        NOBLE
CHARTERING
----------------------------------------------------
CAPT. STEFANOS 2002                                   74077 DWT     
  TCT
DEL GOA, SEP 2/4, TRIP VIA RICHARDS BAY, REDEL CONTINENT-MED
$41000 DAILY                                            CARGILL
----------------------------------------------------
RODON 1993                                            73670 DWT     
  TCT
DEL APS RECALADA, SEP 10/20, TRIP VIA JEBEL ALI, REDEL PMO
$65000 DAILY + $1.6 MILLION BB                          GIEX
----------------------------------------------------
YK SENTOSA 2007                                       73625 DWT     
  TCT
DEL MUMBAI, SEP 2/5, TRIP VIA BAHRAIN, REDEL TAIWAN
$40000 DAILY                                            CHINA STEEL
EXPRESS
----------------------------------------------------
CHRISTINA IV 2000 14K/31.5T                           72,493        
  TC
DEL BARCELONA, SEP 1/2, SEPETIBA BAY ROUND, REDEL GHENT
$54,500 DAILY                                           C.T.P.
----------------------------------------------------
JAG ARNAV 1996                                        71122 DWT     
  TCT
DEL RETRO XIAMEN, AUG 26, TRIP VIA RICHARDS BAY & TURKEY, REDEL CAPE
PASSERO
$29000 DAILY                                            EFE
RPTD 8/28: CORRECTS RATE WITH DLOSP TURKEY
----------------------------------------------------
BIANCO ID 1998                                        70521 DWT     
  TCT
DEL CARTAGENA, AUG29/4SEP, TRIP VIA PRAIA MOLE, REDEL FAR EAST INT
STEELS
$74000 DAILY                                            STX PAN OCEAN
----------------------------------------------------
AKMI 2003                                             53806 DWT     
  TCT
DEL PMO, AUG29/2SEP, TRIP VIA WC INDIA, REDEL PAKISTAN
$28500 DAILY                                            CANCHART
SINGAPORE
----------------------------------------------------
SKUA 2003                                             53350 DWT     
  TC
DEL LIANYUNGANG, EARLY SEP, 12 MONTHS TRADING, REDEL WORLDWIDE
$53000 DAILY                                            EUROPEAN
CHARTERER
----------------------------------------------------
ARYA PAYK 2006                                        53000 DWT     
  TCT
DEL LANSHAN, AUG29/5SEP, TRIP VIA NOPAC, REDEL INDIA
$40500 DAILY                                            CNR
----------------------------------------------------
NORD DISCOVERY 2006                                   52300 DWT     
  TCT
DEL HALDIA, AUG29/3SEP, TRIP VIA AUSTRALIA, REDEL SINGAPORE-JAPAN
$34000 DAILY                                            CNR
----------------------------------------------------
INDIGO OCEAN 2008                                     28250 DWT     
  TCT
DEL US WEST COAST, SEP 15/20, TRIP, REDEL JAPAN
APPROX $32750 DAILY + $550000 BB                        TSL

Baltic Exchange Daily Summary of Baltic Exchange Dry Indices - 29 August 2008

Baltic Exchange Dry Index          6809        (DOWN 120)
Baltic Exchange Capesize Index  10506       (DOWN 314)
Baltic Exchange Panamax Index   5993        (UP 42)
Baltic Exchange Supramax Index  4189        (DOWN 102)
Baltic Exchange Handysize Index  2151        (DOWN 25)
Daily Summary of the Baltic Exchange Time Charter Routes
                                Rate($/Day) Change
BCI
Average of the T/C routes       $116228     (DOWN  3690)
BPI
Average of the T/C routes       $48029      (UP  319)
BSI
Average of the T/C routes       $43802      (DOWN  1070)
BHSI
Average of the T/C routes       $31646      (DOWN 25)
Baltic Exchange Capesize Index TM - 29 August 2008
Baltic Exchange Capesize Index     10506     (DOWN 314)
Rte
Num    Description                                     Weight Avg. 
Move
====== =============================================== ====== ======
======
C2     160000lt Tubarao -Rotterdam                     10     33.250
-0.814
C3     150000mt Tubarao - Beilun/Baoshan               15     70.146
-2.025
C4     150000mt Richards Bay - Rotterdam               5      35.045
-0.523
C5     150000mt W Australia - Beilun/Baoshan           15     27.091
-0.841
C7     150000mt Bolivar - Rotterdam                    5      34.809
-0.723
C8_03  172000mt Gibraltar/Hamburg trans Atlantic RV    10     110386
-3887
C9_03  172000mt  Continent/Mediterranean trip Far East 5      161462
-4230
C10_03 172000mt Pacific RV                             20     115981
-4269
C11_03 172000mt China/Japan trip Mediterranean/Cont    5      77083
-2375
C12    150000mt Gladstone - Rotterdam                  10     47.615
-1.135
Average of the T/C Routes                                     116228
-3690
Baltic Exchange Panamax Index TM - 29 August 2008
Baltic Exchange Panamax Index     5993     (UP 42)
Rte
Num    Description                    Weight Avg.  Move
====== ============================== ====== ===== ====
P1A_03 74000mt Transatlantic RV       25     58415 802
P2A_03 74000mt SKAW-GIB/FAR EAST      25     70388 1090
P3A_03 74000mt Japan-SK/Pacific/RV    25     33514 -301
P4_03  74000mt FAR EAST/NOPAC/SK-PASS 25     29800 -313
Average of the T/C Routes                    48029 319
Baltic Exchange Supramax Index TM - 29 August 2008
Baltic Exchange Supramax Index     4189     (DOWN 102)
Rte
Num Description                        Weight Avg.  Move
=== ================================== ====== ===== =====
S1A Antwerp - Skaw Trip Far East       12.5   52225 -1150
S1B Canakkale Trip Far East            12.5   61641 -977
S2  Japan - SK / NOPAC or Australia rv 25     40048 -867
S3  Japan - SK Trip Gib - Skaw range   25     33470 -660
S4A US Gulf - Skaw-Passero             12.5   64433 -2402
S4B Skaw-Passero - US Gulf             12.5   25080 -980
Average of the T/C Routes                     43802 -1070
The route(s) below do not form part of the index calculation
S5  W.Africa  via ECSA to FarEast      0      55275 -1115
S6  Jpn-SK trip via Aus/India          0      40257 -1234
S7  EC India - China                   0      33233 -821
Baltic Exchange Handysize Index TM - 29 August 2008
Baltic Exchange Handysize Index     2151     (DOWN 25)
Rte
Num Description                                        Weight Avg.
Move
=== ================================================== ====== =====
=====
HS1 Skaw - Passero trip  Recalada - Rio de Janeiro     12.5   24000
-243
HS2 Skaw - Passero trip Boston / Galveston             12.5   23771
-265
HS3 Recalada / Rio de Janeiro trip Skaw / Passero.     12.5   40500
-583
HS4 US Gulf trip via US Gulf or NCSA to Skaw / Passero 12.5   37825
-1650
HS5 SE Asia trip via Australia to S'pore / Japan       25     31964
-57
HS6 S Korea / Japan via NOPAC to  S'pore-Japan         25     31571 78
Average of the T/C Routes                                     31646
-337

Thursday, August 28, 2008

DRY VOYAGE FIXTURES - 28 August 2008


=========       COAL                     =======
TBN                                        60000/10         COAL
MOBILE TO SWINOUJSCIE, 11/29 SEPT
$48.00 FIO 20000SC BENDS 12 HOURS TT BENDS                   COBELFRET
=========       ORE                      =======
ANANGEL PRIDE 1993                         160000/10        ORE
TUBARAO TO ROTTERDAM & HANSAPORT, 12/26 SEPT
$33.90 FIO 7 DAYS                                            ARCELOR
MITTAL
---------------------------------------------------------------------
---
LOWLANDS PHOENIX 2004                      160,000          IRON ORE
PONTA DA MADEIRA TO CHINA, SEP 20/30 FIO;SCLD/30000T
72.00 FIO;SCLD/30000T                                      
CLASSICMAR
---------------------------------------------------------------------
---
MINERAL KYUSHU (OPT BEAUFIKS) 2006         160000/10        ORE
PORT HEDLAND TO QINGDAO, 10/20 SEPT
$28.50 FIO SCALE/30000SC                                     BHP
BILLITON
---------------------------------------------------------------------
---
TBN                                        140000/10        ORE
NOUADHIBOU TO ROTTERDAM, 10/25 SEPT
APPROX $20.00 FIO 5 DAYS SC                                  ROGESA
---------------------------------------------------------------------
---
TBN                                        130000/10        ORE
PONTA DA MADEIRA TO SHEKOU, 1/10 OCT
$70.00 FIO SCALE/13000SC                                     SHOUGANG

TIME CHARTER FIXTURES - 28 August 2008


TAI PROSPERITY 2005                         77000 DWT     TCT
DEL MASINLOC, SEP 10/12, TRIP VIA INDONESIA, REDEL CHINA
$40000 DAILY                                          COSCO OCEANIA
-------------------------------------------------------------
AVOCA 2004                                  76629 DWT     TCT
DEL CAPE PASSERO, SEP 4/6, TRIP VIA BRAZIL & TURKEY, REDEL CAPE
PASSERO
$58000 DAILY                                          SETSEA
-------------------------------------------------------------
CHRIS 2006                                  76500 DWT     TCT
DEL YANGJIANG, AUG 4/8, TRIP VIA KOOLAN ISLAND, REDEL S.KOREA
$36000 DAILY                                          NORTH CHINA
SHIPPING
RECENT
-------------------------------------------------------------
CMB SAKURA 2006                             75765 DWT     TCT
DEL JORF LASFAR, AUG 30/31, TRIP VIA BRAZIL, REDEL CHINA
APPROX $77000 DAILY                                   CHINESE STEEL
MILL
-------------------------------------------------------------
SALVATORE CAFIERO 2001                      75668 DWT     TCT
DEL SHANGHAI, SEP 5/7, TRIP VIA INDONESIA, REDEL EL FERROL
$28000 DAILY                                          GMI
-------------------------------------------------------------
MEDI GENOVA 2004                            75600 DWT     TC
DEL POINT COMFORT, SEP 17/21, PERIOD MIN 12 NOV/MAX DEC12 2008, REDEL
WW
$65000 DAILY + $1.1 MILLION BB                        SWISS MARINE
-------------------------------------------------------------
ELLIVITA 1999                               75522 DWT     TCT
DEL SUEZ D/C, EARLY SEP, TRIP VIA BLACK SEA, REDEL ADEN-PMO
$70000 DAILY                                          CARGILL
-------------------------------------------------------------
SIDARI 2007                                 75204 DWT     TCT
DEL DUNKIRK, AUG29/4SEP, TRIP VIA BRAZIL, REDEL SKAW-CAPE PASSERO
$57000 DAILY                                          CARGILL
-------------------------------------------------------------
ECOAN G.O. 2008                             75131 DWT     TCT
DEL PORTO VESME, SEP 5/6, TRIP VIA NC SOUTH AMERICA, REDEL SKAW-CAPE
PASSERO
$59000 DAILY                                          TRANSFIELD
-------------------------------------------------------------
ANGELINA 2001                               74540 DWT     TC
DEL RIZHAO, SEP 1/5, 4/6 MONTHS TRADING, REDEL WORLDWIDE
$58000 DAILY                                          NORDEN
-------------------------------------------------------------
CLIPPER MONARCH 2000 14.5K/34T              74,381        TC
DEL SKAW, SEP 3/5, NEWPORTNEWSRD, REDEL JORF LASFAR
$56,000 DAILY                                         DREYFUS
-------------------------------------------------------------
SEA URCHIN 2001                             74193 DWT     TCT
DEL RETRO JORF LASFAR, AUG 23, TRIP VIA USG, REDEL CHINA
$70000 DAILY                                          SEALINK
-------------------------------------------------------------
JAG ARNAV 1996                              71122 DWT     TCT
DEL RETRO XIAMEN, AUG 26, TRIP VIA RICHARDS BAY & TURKEY, REDEL CAPE
PASSERO
$30000 DAILY                                          EFE
-------------------------------------------------------------
PEQUOT 1996                                 70165 DWT     TCT
DEL LANSHAN, AUG 28/31, TRIP VIA NEWCASTLE, REDEL S.KOREA
$33750 DAILY                                          CHOKANG
-------------------------------------------------------------
SUBIC STAR 1984 12.9K/35T                   64,964        TC
DEL TAICHUNG, SEP 4/10, INDONESIARD, REDEL SO KOREA
$18,000 DAILY                                         SUNWOO
-------------------------------------------------------------
TRITON SWIFT 2006                           56024 DWT     TCT
DEL EAST COAST SOUTH AMERICA, PPT, TRIP VIA ARGENTINA, REDEL
SOUTHEAST ASIA
APPROX $58000 + $850000 BB                            BLESSING BULK
CARRIERS
-------------------------------------------------------------
SOPHIA 2008                                 53565 DWT     TCT
DEL PMO, SEP 3/10, TRIP VIA SOUTH AFRICA, REDEL JAPAN
$33000 DAILY                                          CARGILL
-------------------------------------------------------------
NAVIOS ASTRA 2006                           53468 DWT     TCT
DEL PMO, SEP 3/8, TRIP VIA BLACK SEA AND AG, REDEL PMO
$39000 DAILY                                          CNR
-------------------------------------------------------------
SEA LANTANA 2004 UNRPTD                     52,471        TCT
DEL NO CHINA, SEP 1/10, TRIP VIA AUS, REDEL INDIA
$35,000 DAILY                                         CNR
-------------------------------------------------------------
STAR COSMO 2005                             52247 DWT     TC
DEL JAPAN, SEP 8/12, 4/6 MONTHS TRADING, REDEL WORLDWIDE
$50000 DAILY                                          GMI
RECENT
-------------------------------------------------------------
CONFIDENCE OCEAN 1996 UNRPTD                48,256        TC
DEL TAIWAN, AUG 30/31, 3-5 MONTHS TRADING, REDEL WW
$48,000 DAILY                                         HMM
-------------------------------------------------------------
HOPE STAR 1995                              28294 DWT     TCT
DEL PORT KELANG, SEP 3/6, TRIP VIA AUSTRALIA, REDEL TAIWAN
$30000 DAILY                                          ARMADA
RECENT
-------------------------------------------------------------
BALTIC FRONTIER 1992 13.2K/20.2T            27,293        TC
DEL NANJING, SEP 1/10, 70-90 DAYS TRADING, REDEL SINGAPORE/JAPAN
$32,000 DAILY                                         CETRAGPA
-------------------------------------------------------------
SOUTHGATE 1982                              25400 DWT     TCT
DEL MISSISSIPPI RIVER, SPOT, TRIP, REDEL TURKEY
$28500 DAILY                                          CNR

Bunker Prices 28th August 2008

IFO 380         IFO 180         MGO            
Singapore       703.00  ∆ vs Sing       720.00  ∆ vs Sing       1020.00 ∆ vs Sing      
Hong Kong       705.00 2.00   720.00 0.00   1010.00 -10.00 
Korea (Busan)   690.00 -13.00 720.00 0.00   1080.00 60.00  
Port Klang      715.00 12.00  726.00 6.00   1002.00 -18.00 
China (Shanghai)        724.00 21.00  753.00 33.00  1180.00 160.00 
Colombo S.E.   S.E.   772.00 52.00  1343.00 323.00 
India (Mumbai)  719.00 16.00  754.00 34.00  1208.00 188.00 
Indonesia (Jakarta)     NA     NA     845.00 125.00 1320.00 300.00 
Japan (Tokyo)   753.00 50.00  767.50 47.50  S.E.   S.E.   
Vietnam (Ho Chi Minh)   NA     NA     704.00 -16.00 1025.00 5.00   

Fixed Price     Sep     Oct     Sep     Oct    
IFO 380 IFO 180 IFO 380 IFO 180 MGO     MGO    
Singapore     
698.00  708.00  688.50  698.50  1080.00 1086.00
Rotterdam       647.00  692.00  642.00  687.00  1095.00 1101.00

DRY VOYAGE FIXTURES - 29 August 2008


=========    COAL                  =======
STAR BETA 1993                        160000/10       COAL
RICHARDS BAY TO ROTTERDAM, 23 SEPT/2 OCT
$37.00 FIO SCALE/25000SC                            BHP BILLITON
-------------------------------------------------------------
TBN                                   60,000T         COAL
MOBILE TO SWINOUJSCIE, 11-29 SEP
$48 FIO 20,000SC BENDS 12 HOURS TT BENDS            COBELFRET
-------------------------------------------------------------
NAVIGATOR II 1998                                     COAL
RPTD 8/28: THIS SHIP FIXED TO COBELFRET
=========    ORE                   =======
CAPE MED 2006                         160000/10       ORE
TUBARAO TO QINGDAO, 20/30 SEPT
$68.00 SCALE/25000SC                                STX PAN OCEAN
-------------------------------------------------------------
IRONGATE 1982                         160000/10       ORE
SALDANHA BAY TO CHINA, 10/20 SEPT
$48.00 FIO SCALE/30000SC                            KUMBA
-------------------------------------------------------------
TBN                                   160000/10       ORE
DAMPIER TO ROTTERDAM, 15/24 SEPT
$37.50 FIO SCALE/45000SC                            CTM
-------------------------------------------------------------
C KOREANA 1990                        150000/10       ORE
PORT HEDLAND TO QINGDAO, 15/24 SEPT
$27.50 FIO SCALE/30000SC                            STX PAN OCEAN
-------------------------------------------------------------
NCS TBN                               140,000T        ORE
NOUADHIBOU TO ROTTERDAM, 10-25 SEP
$20 FIO 5 DAYS SC                                   ROGESA

The Daily Fixtures Report - 28/08/2008


BDI  6929 (DOWN 121) 
BCI 10820 (DOWN 300) 
BPI  5951 (DOWN  27)
BSI  4291 (DOWN  58) 
BHSI 2176 (DOWN  23)
TIMECHARTER
'Tai Prosperity' 2005 77000 dwt  dely Masinloc 10/12 Sept  trip via Indonesia redel China $40000 daily - Cosco Oceania
'Avoca' 2004 76629 dwt  dely Cape Passero 4/6 Sept  trip via Brazil & Turkey redel Cape Passero $58000 daily - Setsea
'Chris' 2006 76500 dwt  dely Yangjiang 4/8 Aug  trip via Koolan Island redel S.Korea $36000 daily - North China Shipping - 
'CMB Sakura' 2006 75765 dwt  dely Jorf Lasfar 30/31 Aug  trip via Brazil redel China approx $77000 daily - Chinese steel mill
'Salvatore Cafiero' 2001 75668 dwt  dely Shanghai 5/7 Sept  trip via Indonesia redel El Ferrol $28000 daily - GMI
'Medi Genova' 2004 75600 dwt  dely Point Comfort 17/21 Sept period min 12 Nov/max 12 Dec 2008 redel worldwide $65000 daily + $1.1 million bb - Swiss Marine
'Ellivita' 1999 75522 dwt  dely Suez d/c ely Sept  trip via Black Sea redel Aden-PMO $70000 daily - Cargill
'Sidari' 2007 75204 dwt  dely Dunkirk 29 Aug/4 Sept  trip via Brazil redel Skaw-Cape Passero $57000 daily - Cargill
'Ecoan G.O.' 2008 75131 dwt  dely Porto Vesme 5/6 Sept  trip via NC South America redel Skaw-Cape Passero $59000 daily - Transfield
'Angelina' 2001 74540 dwt  dely Rizhao 1/5 Sept 4/6 months trading redel worldwide $58000 daily - Norden
'Clipper Monarch' 2000 74381 dwt  dely psg Skaw ppt  trip via Newport News redel Jorf Lasfar $56000 daily - Louis Dreyfus
'Sea Urchin' 2001 74193 dwt  dely retro Jorf Lasfar 23 Aug  trip via USG redel China $70000 daily - Sealink
'Jag Arnav' 1996 71122 dwt  dely retro Xiamen 26 Aug  trip via Richards Bay & Turkey redel Cape Passero $30000 daily - Efe
'Pequot' 1996 70165 dwt  dely Lanshan 28/31 Aug  trip via Newcastle redel S.Korea $33750 daily - Chokang
'Subic Star' 1984 64964 dwt  dely Taichung 4/10 Aug  trip via Indonesia redel S.Korea $18000 daily - Sunwoo
'Triton Swift' 2006 56024 dwt  dely east coast South America prompt trip via Argentina redel south east Asia approx $58000 + $850000 bb - Blessing Bulk Carriers
'Sophia' 2008 53565 dwt  dely PMO 3/10 September  trip via South Africa redel Japan $33000 daily - Cargill
'Navios Astra' 2006 53468 dwt  dely PMO 3/8 September  trip via Black Sea and AG redel PMO $39000 daily - cnr
'Sea Lantana' 2004 52471 dwt  dely North China early September  trip via Australia redel India $35000 daily - cnr
'Star Cosmo' 2005 52247 dwt  dely Japan 8/12 Sept  4/6 months trading redel worldwide $50000 daily - GMI - 
'Confidence Ocean' 1996 48256 dwt  dely Taiwan end August 3/5 months trading redel worldwide $48000 daily - HMM
'Sophia' 1996 45748 dwt  dely dop Butterworth early September  trip via Indonesia redel India $43000 daily - cnr
'Hope Star' 1995 28294 dwt  dely Port Kelang 3/6 September  trip via Australia redel Taiwan $30000 daily - Armada - 
'Baltic Frontier' 1992 27293 dwt  dely Nanjing early Sept 70/90 days trading redel Far East $32000 daily - Cetragpa
'Southgate' 1982 25400 dwt 13 on 24 + 2 mdo dely Mississippi River spot trip redel Turkey $28500 daily - cnr
ORE
'Anangel Pride' 1993 160000/10 Tubarao/Rotterdam & Hansaport 12/26 Sept $33.90 fio 7 days - Arcelor Mittal
'Mineral Kyushu' 2006 option 'Beaufiks' 2004 160000/10 Port Hedland/Qingdao 10/20 Sept $28.50 fio scale/30000sc - BHP Billiton
'Lowlands Phoenix' 2004 160000/10 Ponta Da Madeira/China 20/30 Sept $72.00 fio scale/30000sc - Classic Maritime
'TBN' 140000/10 Nouadhibou/Rotterdam 10/25 Sept approx $20.00 fio 5 days sc - Rogesa
'TBN' 130000/10 Ponta Da Madeira/Shekou 1/10 Oct $70.00 fio scale/13000sc - Shougang
COAL
'TBN' 60000/10 Mobile/Swinoujscie 11/29 Sept $48.00 fio 20000sc bends 12 hours tt bends - Cobelfret

Wednesday, August 27, 2008

The Daily Fixtures Report - 27/08/2008

BDI  7050 (DOWN  65)
BCI 11120 (DOWN 143)
BPI  5978 (DOWN  34)
BSI  4349 (DOWN  30)
BHSI 2199 (DOWN  12)

TIMECHARTER
'Yasa Dream' 2008 207000 dwt  dely ex Universal yard end Oct 2 years trading redel worldwide $130000 daily - Glory Wealth 'Star Zulu' 1986 170698 dwt  dely psg Singapore 18 Aug  trip via Brazil redel China approx $108500 daily + $1.2 million bb - Coscobulk 'Captain P.Egglezos' 2007 76499 dwt  dely retro Cape Passero 24 Aug 2 laden legs redel Skaw-Cape Passero $63500 daily - ABT 'Medi Singapore' 2006 76000 dwt  dely Mizushima 27/30 Aug  trip via New South Wales redel S.Korea $35000 daily - Hanjin 'Samatan' 2001 74500 dwt  dely Mundra 29/31 Aug  trip via S.Africa redel S.Japan $50000 daily - cnr 'Goldbeam Trader' 2001 74247 dwt  dely Skaw ppt  trip via Port Cartier redel Bin Qasim $74500 daily - Louis Dreyfus Genco Leader' 1999 73941 dwt  dely Cape Passero 29 Aug/4 Sept  trip via EC South America or NC South America redel Skaw-Cape Passero $55000 daily - AWB 'Flipper' 1999 73726 dwt  dely Lulea 3/5 Sept  trip via Kokkola redel China $73250 daily - Worldlink 'Protefs' relet 2004 73630 dwt  dely Dunkirk 11/15 Sept 1 years trading redel worldwide $70000 daily - Norden -  > 'Bonanza' 2004 73613 dwt  dely Nantong 27/31 Aug  trip via Gladstone redel Dangjin $33000 daily - Daebo - 'Atlantic' 1996 73565 dwt  dely Mizushima 1/5 Sept  trip Hay Point & Sweden redel Skaw $32500 daily - BHP Billiton 'Lotus Sun' 1995 73556 dwt  dely Nantong 27/31 Aug  trip via NoPac redel Malaysia $32000 daily - STX Pan Ocean 'Prem Aparna' 2001 73461 dwt  dely Xingang 27/29 Aug  trip redel N.China redel India $32000 daily - cnr 'Linda Leah' 1997 73371 dwt  dely Dangjin 1/5 Sept 1 years trading redel worldwide $67000 daily - Chinese chrtr 'Dimitris L' 2001 73193 dwt  dely River Plate 7/17 Sept  trip redel Singapore-Japan rge $65000 daily + $1.425 million bb - Alfred C.Toepfer 'C.Journey' 1995 73095 dwt  dely Xiuyu 4/8 Sept  trip via Indonesia redel S.China $31000 daily - Danzas 'Genco Surprise' 1998 72594 dwt  dely Jakarta 1/3 Sept  trip via Indonesia redel Bridgeport $32000 daily - Louis Dreyfus 'Shekou Sea' 1996 72394 dwt  dely Yantai 27/31 Aug  trip via Newcastle redel S.Korea $32000 daily - Chokang
'Shi Dai 3' 1994 69659 dwt      -
'Joyous Age' 1994 69555 dwt  dely Yatsushiro end Aug  trip via NoPac redel Far East $32500 daily - Louis Dreyfus 'Yao Hai' 1986 69497 dwt  dely Zhuhai spot  trip via Indonesia redel India $30000 daily - Armada 'Sweet Lady II' 1981 65592 dwt  dely Xingang 27/31 Aug  trip via southeast Asia redel Hamburg $23000 daily - Alfred C.Toepfer - 'Sun Harvest' 1982 64714 dwt  dely Amsterdam spot  trip via EC South America redel Singapore-Japan rge $48000 daily - Proline - 'Bulk Paraiso' 2007 53505 dwt  dely Qingdao end August  trip via Nopac redel Singapore-Japan $42000 daily - S.Korean chrtr 'Wu Yu Hai' 2008 53000 dwt  dely S.China end August  trip via Indonesia redel Pakistan $48000 daily - IMT 'Normannia' 1997 42648 dwt  dely Flushing spot trip via Murmansk redel north Continent $33000 daily - Navision 'Seagate' 1989 28800 dwt  dely retro Bejaia 24 August 2 laden legs Atlantic trading redel Skaw-Passero rge $25500 daily - cnr 'Saranya Naree' 1991 28583 dwt  dely Rayong end August 2/3 laden legs max 80 days redel Singapore-Japan rge $34000 daily - Armada 'Mediterranean ID' 1994 28475 dwt  dely Cigading prompt trip redel USGulf $28000 daily first 50 days $34000 daily balance - Oldendorff 'Andermatt' 2002 20035 dwt  dely Cristobal prompt trip via Jamaica redel Finland $26000 daily - BBL

ORE
'Hebei Pride' North China Shipping relet 1991 140000/10 West Australia/China 10/20 Sept $29.50 fio scale/30000sc - cnr

Tuesday, August 26, 2008

Bunker Prices 26th August 2008

IFO 380         IFO 180         MGO           

Singapore       670.00  ∆ vs Sing       685.00  ∆ vs Sing       990.00  ∆ vs Sing      
Hong Kong       677.00 7.00   693.00 8.00   990.00 0.00   
Korea (Busan)   660.00 -10.00 690.00 5.00   1065.00 75.00  
Port Klang      675.00 5.00   685.00 0.00   1020.00 30.00  
China (Shanghai)        704.00 34.00  735.00 50.00  1200.00 210.00 
Colombo 750.00 80.00  755.00 70.00  1340.00 350.00 
India (Mumbai)  719.00 49.00  754.00 69.00  1208.00 218.00 
Indonesia (Jakarta)     NA     NA     845.00 160.00 1245.00 255.00 
Japan (Tokyo)   735.50 65.50  745.50 60.50  S.E.   S.E.   
Vietnam (Ho Chi Minh)   NA     NA     704.00 19.00  1025.00 35.00  

The Daily Fixtures Report - 26/08/2008


BDI 7115 (DOWN 32) 
BCI 11263 (DOWN 28) 
BPI 6012 (DOWN 68)
BSI 4379 (DOWN 8) 
BHSI 2211 (DOWN 3)
TIMECHARTER
'Mineral Monaco' 2005 180263 dwt  dely Beilun 30/31 Aug  trip via West Australia redel China $130000 daily - BHP Billiton
'CSK Glory' 2002 173044 dwt  dely Kashima 30/31 Aug  trip via West Australia redel China $125000 daily - Shouroung
'Medi Sentosa' 2008 83690 dwt  dely aps Roberts Bank 10/18 Sept  trip via Roberts Bank & Turkey redel Cape Passero $36000 daily + $600000 bb - Glory Wealth
'Grand Diva' 2007 76596 dwt  dely Flushing 23/27 Aug  trip via Mobile redel Annaba $59500 daily - BHP Billiton
'Kalliopi L' 2001 76529 dwt  dely Praia Mole 6/10 Sept  trip redel Taiwan $73500 daily + $1.3 million bb - China Steel Express
'Ostria S' 2008 76444 dwt  dely Cape Passero 24 Aug 2 laden legs redel worldwide $65000 daily - cnr
'Perla Bulker' 2007 75949 dwt  dely Richards Bay 13/18 Sept  redel Hamburg $43000 daily + $600000 bb - Oldendorff - 
'Anna' 1999 75592 dwt  dely Amsterdam 27/31 Aug 2 laden legs 1st Colombia/Brazil redel Skaw-Cape Passero $61750 daily - Pioneer Navigation
'Golden Saguenay' 2008 75500 dwt  dely Ghent 27/30 Aug  trip via Murmansk redel UKC $53000 daily - Norden
'Ecola' 2001 73931 dwt  dely Dunkirk 30 Aug/3 Sept 2 laden legs redel Skaw-Cape Passero $62000 daily 1st 55 days $67000 daily for balance - Cargill
'Transgiant' 1993 71731 dwt  dely S.Korea ely Sept  trip via NoPac redel Far East $35000 daily - Louis Dreyfus
'Konstantinos A' 1995 71550 dwt  dely Inchon 25/30 Aug  trip via Hay Point redel Piombino $31500 daily - BHP Billiton
'Shi Dai 3' 1994 69659 dwt  dely Yingkou 26/31 Aug 3/5 months trading redel worldwide $55000 daily - Swiss Marine (corrects charterer from earlier report)
'Talisman' 2006 56019 dwt  dely Taiwan end August  trip redel east Med $30000 daily 1st 40 days $55000 daily balance int Nickel Ore - Fortuna
'Great Scenery' 2002 47769 dwt  dely Paradip spot  trip via Indonesia redel east coast India $33000 daily - Armada
'Smarty' 2000 45499 dwt  dely USGulf 14/20 Sept  trip redel Spain $63500 daily - Custodia
ORE
'Shining Star' 2004 160000/10 Ponta Da Madeira or Tubarao/Qingdao 15/25 Sept $74.00 fio scale/30000sc - Transfield
'Harmonious' 2007 160000/10 Dampier/Qingdao 3/14 Sept $29.25 fio 80000sc/30000sc - STX Pan Ocean
COAL
'CECO TBN' 70000/10 Adang Bay/Taiwan 5/14 Oct $15.80 fio scale/22000sc - Taipower

Bunker prices 26th August 2008

Northern Europe
_______________
Port Notices:
Falmouth - Delivery charge - $8pmt min $4000
Port               IF-380       IF-180          M.D.O.          M.G.O.
Rotterdam    (D)  617-618 -16  660-661  +0     925-930 -34   990-1,025
Rotterdam LS (D)  642-648      685-691
Antwerp      (D)   617.00 -15   650.00 -11      925.00 -23    1,030.00
Antwerp LS   (D)   635.00       670.00
Hamburg      (D)   641.00  +3   666.00 -16      944.00 -46    1,042.00
Hamburg LS   (D)   661.00       686.00
Gt. Belt     (D)   637.00 -17   687.00 -14    1,015.00 -50    1,060.00
Gt. Belt LS  (D)   659.00       719.00
Falmouth     (W)  654-659 -24  709-714 -18                 1,085-1,095
-45
Falmouth LS  (W)  679-684      739-745
Le Havre     (W)                                              1,062.00
-48
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Mediterranean
_____________
Port Notices:
Augusta - 380 HS and LS tight
Genoa - Tight avails on fuel oils
Port               IF-380       IF-180          M.D.O.          M.G.O.
FOS          (W)   652.00 -24   690.00 -36                    1,054.00
-66
Gibraltar    (D)   650.00       675.00        1,050.00        1,075.00
Algeciras    (D)   652.00 -13   677.00 -15    1,053.00 +18    1,078.00
Malta        (D)   672.00 -24   708.00 -24                    1,079.00
Augusta      (W)   667.00  +2   705.00  +4                    1,079.00
Genoa        (W)   661.00 -17   694.00 -21                    1,075.00
Piraeus      (D)  631-642 -24  666-677 -24                 1,014-1,025
Istanbul     (W)   694.00 -16   728.00 -18                    1,161.00
Las Palmas   (D)   665.00 -13   695.00  -6    1,090.00 -15    1,100.00
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Middle East & Africa
____________________
Port Notices:
Suez - Some gas oil available
Jeddah - Prices effective from 21st - 27th August
Dammam - Prices effective from 21st - 27th August
Port               IF-380       IF-180          M.D.O.          M.G.O.
Durban       (W)                770.00  -5 1,035-1,050 -28 1,045-1,060
Cape Town    (W)                775.00  +0                    1,065.00
Fujairah     (D)   695.00       715.00                        1,200.00
Jeddah       (D)   652.75       680.25        1,388.00
WEF 21/8
Damman       (D)   664.25       696.00        1,181.00
WEF 21/8
Suez         (D)  680-684 -21   704.00 -19                 1,420-1,440
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Far East & South Pacific
________________________
Port Notices:
Singapore - 180cst very tight
Port               IF-380       IF-180          M.D.O.          M.G.O.
Singapore    (D)  670-673 -10  683-690 -10                     985-990
-36
Hong Kong    (D)  677-680  +3  695-698 +10   995-1,000
Japan        (D)  720-725 -30  725-730 -35 1,110-1,120  +0
Korea        (D)  600-665 -30  690-695  +0 1,090-1,095
Taiwan       (D)   699.00 -22   714.00 -16    1,110.00 -15    1,125.00
-15
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Americas
________
Port               IF-380       IF-180          M.D.O.          M.G.O.
New York     (W)  640-642 -29  730-732 -12 1,015-1,020 -85       S.E.
Philadelphia (W)  640-642 -32  740-742  -2 1,015-1,020 -85       S.E.
Norfolk      (W)  650-652 -26  740-742  -6 1,020-1,025 -80       S.E.
Houston      (W)  650-652  -6  720-722 -24 1,030-1,032  -8       S.E.
New Orleans  (W)  640-642 -16  710-712 -14 1,040-1,042  +2       S.E.
Los Angeles  (W)  650-670 -25  680-690  +0 1,160-1,170  +0       S.E.
San Francisco(W)  670-680  +0  690-710  +0   1,190-120  +0       S.E.
Seattle      (W)  730-740  -6  760-765  +0 1,050-1,060  +0       S.E.
Portland     (W)  760-775  +0  800-810  +0 1,100-1,120  +0       S.E.
Panama       (W)
D: metric ton including delivery costs.
W: metric ton excluding delivery costs.
Please note Americas indications are from the previous day close.
BRENT CRUDE (LIPE):
CLOSED (25/8/08)   : USD 114.03(+0.11)
OPENED (26/8/08)   : USD 113.89(-0.14)

BALTIC DRY INDEX TIME CHARTER FIXTURES - 26 August 2008


MINERAL MONACO 2005                                   180263 DWT    
  TCT
DEL BEILUN, AUG 30/31, TRIP VIA WEST AUSTRALIA, REDEL CHINA
$130000 DAILY                                           BHP BILLITON
----------------------------------------------------
CSK GLORY 2002                                        173044 DWT    
  TCT
DEL KASHIMA, AUG 30/31, TRIP VIA WEST AUSTRALIA, REDEL CHINA
$125000 DAILY                                           SHOUROUNG
----------------------------------------------------
MEDI SENTOSA 2008                                     83690 DWT     
  TCT
DEL APS ROBERTS BANK, SEP 10/18, TRIP VIA ROBERTS BANK & TURKEY,
REDEL PASSERO
$36000 DAILY + $600000 BB                               GLORY WEALTH
----------------------------------------------------
KALLIOPI L 2001                                       76529 DWT     
  TCT
DEL PRAIA MOLE, SEP 6/10, TRIP, REDEL TAIWAN
$73500 DAILY + $1.3 MILLION BB                          CHINA STEEL
EXPRESS
----------------------------------------------------
OSTRIA S 2008                                         76444 DWT     
  TCT
DEL CAPE PASSERO, AUG 24, 2 LADEN LEGS, REDEL WORLDWIDE
$65000 DAILY                                            CNR
----------------------------------------------------
PERLA BULKER 2007                                     75949 DWT     
  TCT
DEL RICHARDS BAY, SEP 13/18, TRIP, REDEL HAMBURG
$43000 DAILY + $600000 BB                               OLDENDORFF
RECENT
----------------------------------------------------
ANNA 1999                                             75592 DWT     
  TCT
DEL AMSTERDAM, AUG 27/31, 2 LL 1ST COLOMBIA/BRAZIL, REDEL SKAW-CAPE
PASSERO
$61750 DAILY                                            PIONEER
NAVIGATION
RPTD 8/22: CORRECTS DETAILS/RATE
----------------------------------------------------
GOLDEN SAGUENAY 2008                                  75500 DWT     
  TCT
DEL GHENT, AUG 27/30, TRIP VIA MURMANSK, REDEL UKC
$53000 DAILY                                            NORDEN
----------------------------------------------------
ECOLA 2001                                            73931 DWT     
  TCT
DEL DUNKIRK, AUG30/3SEP, 2 LADEN LEGS, REDEL SKAW-CAPE PASSERO
$62000 DAILY 1ST 55 DAYS $67000 DAILY BALANCE           CARGILL
----------------------------------------------------
TRANSGIANT 1993 13.5K/25T                             71,665        
  TC
DEL SO KOREA, SEP 1/10, NOPAC ROUND, REDEL SINGAPORE/JAPAN
$35,000 DAILY                                           DREYFUS
----------------------------------------------------
SHI DAI 3 1994                                        69659 DWT     
  TC
DEL YINGKOU, AUG 26/31, 3/5 MONTHS TRADING, REDEL WORLDWIDE
$55000 DAILY                                            BHP BILLITON
----------------------------------------------------
TALISMAN 2006                                         56019 DWT     
  TCT
DEL TAIWAN, END AUGUST, TRIP, REDEL EAST MED
$30000 DAILY 1ST 40 DAYS $55000 DAILY BAL INT NICKEL ORE    FORTUNA
----------------------------------------------------
GREAT SCENERY 2002 14.1K/28T                          47,760        
  TC
DEL PARADIP, AUG 28/31, INDONESIA ROUND, REDEL EC INDIA
$33,000 DAILY                                           ARMADA
----------------------------------------------------
SMARTY 2000                                           45499 DWT     
  TCT
DEL USGULF, SEP 14/20, TRIP, REDEL SPAIN
$63500 DAILY                                            CUSTO
** DRY VOYAGE FIXTURES - 26 August 2008 **
=========    COAL                  =======
CECO TBN                              70000/10        COAL
ADANG BAY TO TAIWAN, 5/14 OCT
$15.80 FIO SCALE/22000SC                            TAIPOWER
=========    ORE                   =======
HARMONIOUS 2007                       160000/10       ORE
DAMPIER TO QINGDAO, 3/14 SEPT
$29.25 FIO 80000SC/30000SC                          STX PAN OCEAN
-------------------------------------------------------------
SHINING STAR 2004                     160000/10       ORE
PDM OR TUBARAO TO QINGDAO, 15/25 SEPT
$74.00 FIO SCALE/30000SC                            TRANSFIELD