Daily Summary of Baltic Exchange Dry Indices 2 September 2008

Baltic Exchange Dry Index TM 6466 (DOWN 225)

Baltic Exchange Capesize Index TM 9599 (DOWN 617)

Baltic Exchange Panamax Index TM 6017 (UP 7)

Baltic Exchange Supramax Index TM 3971 (DOWN 119)

Baltic Exchange Handysize Index TM 2099 (DOWN 26)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI

Average of the T/C routes $104951 (DOWN 7551)

BPI

Average of the T/C routes $48217 (UP 56)

BSI

Average of the T/C routes $41519 (DOWN 1246)

BHSI

Average of the T/C routes $30898 (DOWN 390)

Baltic Exchange Capesize Index     9599     (DOWN 617)

Route

Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 31.182 -1.341

C3 150000mt Tubarao - Beilun/Baoshan 15 66.125 -2.583

C4 150000mt Richards Bay - Rotterdam 5 32.614 -2.068

Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Time Charter Fixtures

C5 150000mt W Australia - Beilun/Baoshan 15 24.614 -1.841

C7 150000mt Bolivar - Rotterdam 5 32.591 -1.395

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 102455 -4477

C9_03 172000mt Continent/Mediterranean trip Far East 5 147885 -9653

C10_03 172000mt Pacific RV 20 100423 -11115

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 69042 -4958

C12 150000mt Gladstone - Rotterdam 10 44.450 -1.875

Average of the T/C Routes 104951 -7551

Baltic Exchange Panamax Index     6017     (UP 7)

Route

Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 58850 -23

P2A_03 74000mt SKAW-GIB/FAR EAST 25 70761 -164

P3A_03 74000mt Japan-SK/Pacific/RV 25 33445 165

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 29811 245

Average of the T/C Routes 48217 56

Baltic Exchange Supramax Index     3971     (DOWN 119)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 49650 -1419

S1B Canakkale Trip Far East 12.5 57850 -2540

S2 Japan - SK / NOPAC or Australia rv 25 38371 -887

S3 Japan - SK Trip Gib - Skaw range 25 32444 -653

S4A US Gulf - Skaw-Passero 12.5 59311 -2320

S4B Skaw-Passero - US Gulf 12.5 23711 -611

Average of the T/C Routes 41519 -1246

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

S5 W.Africa via ECSA to FarEast 0 53586 -803

S6 Jpn-SK trip via Aus/India 0 38508 -977

S7 EC India - China 0 30455 -1750

Baltic Exchange Handysize Index     2099     (DOWN 26)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 23429 -207

HS2 Skaw - Passero trip Boston - Galveston 12.5 23071 -279

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 39378 -622

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 36290 -715

HS5 SE Asia trip via Australia to Singapore - Japan 25 31250 -329

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 31257 -322

Average of the T/C Routes 30898 -390