DRY VOYAGE FIXTURES - 28 August 2008

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=========       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
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LOWLANDS PHOENIX 2004                      160,000          IRON ORE
PONTA DA MADEIRA TO CHINA, SEP 20/30 FIO;SCLD/30000T
72.00 FIO;SCLD/30000T                                      
CLASSICMAR
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MINERAL KYUSHU (OPT BEAUFIKS) 2006         160000/10        ORE
PORT HEDLAND TO QINGDAO, 10/20 SEPT
$28.50 FIO SCALE/30000SC                                     BHP
BILLITON
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TBN                                        140000/10        ORE
NOUADHIBOU TO ROTTERDAM, 10/25 SEPT
APPROX $20.00 FIO 5 DAYS SC                                  ROGESA
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TBN                                        130000/10        ORE
PONTA DA MADEIRA TO SHEKOU, 1/10 OCT
$70.00 FIO SCALE/13000SC                                     SHOUGANG