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Friday, April 06, 2007

Baltic Exchange Dry Indices 5.march.07

Subject: index as of 5.march.07

Daily Summary of Baltic Exchange Dry Indices

5 March 2007

Baltic Exchange Dry Index TM 4908 (UP 36)

Baltic Exchange Capesize Index TM 7044 (DOWN 1)

Baltic Exchange Panamax Index TM 4847 (UP 83)

Baltic Exchange Supramax Index TM 3028 (UP 23)

Baltic Exchange Handysize Index TM 1543 (UP 17)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $80539 (DOWN 45)

BPI Average of the T/C routes $39120 (UP 683)

BSI Average of the T/C routes $31658 (UP 241)

BHSI Average of the T/C routes $22728 (UP 250)

Baltic Exchange Capesize Index 7044 (DOWN 1)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 24.600 0.050

C3 150000mt Tubarao - Beilun/Baoshan 15 40.695 0.013

C4 150000mt Richards Bay - Rotterdam 5 24.500 -0.095

C5 150000mt W Australia - Beilun/Baoshan 15 17.465 0.030

C7 150000mt Bolivar - Rotterdam 5 25.075 0.065

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 88965 -35

C9_03 172000mt Continent/Mediterranean trip Far East 5 98650 -32

C10_03 172000mt Pacific RV 20 75018 -100

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 59523 -13

C12 150000mt Gladstone - Rotterdam 10 31.650 -0.045

Average of the T/C Routes 80539 -45

Baltic Exchange Panamax Index 4847 (UP 83)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 41374 166

P2A_03 74000mt SKAW-GIB/FAR EAST 25 43897 144

P3A_03 74000mt Japan-SK/Pacific/RV 25 36807 1435

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 34400 986

Average of the T/C Routes 39120 683

Baltic Exchange Handysize Index 1543 (UP 17)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 17436 193

HS2 Skaw - Passero trip Boston - Galveston 12.5 18050 279

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 30550 394

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25789 232

HS5 SE Asia trip via Australia to Singapore - Japan 25 23129 208

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 21871 242

Average of the T/C Routes 22728 250

Baltic Exchange Supramax Index 3028 (UP 23)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 31570 318

S1B Canakkale Trip Far East 12.5 28679 304

S2 Japan - SK / NOPAC or Australia rv 25 30656 216

S3 Japan - SK Trip Gib - Skaw range 25 31705 237

S4A US Gulf - Skaw-Passero 12.5 44065 205

S4B Skaw-Passero - US Gulf 12.5 24227 193

Average of the T/C Routes 31658 241

S6 Jpn-SK trip via Aus/India 0 30909 414

Daily Summary of Baltic Exchange Dry Indices 2 MAR.07


+++
Subject: INDEX AS OF 2 MAR.07

Daily Summary of Baltic Exchange Dry Indices

2 March 2007

Baltic Exchange Dry Index TM 4872 (UP 54)

Baltic Exchange Capesize Index TM 7045 (UP 58)

Baltic Exchange Panamax Index TM 4764 (UP 68)

Baltic Exchange Supramax Index TM 3005 (UP 32)

Baltic Exchange Handysize Index TM 1526 (UP 21)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $80584 (UP 628)

BPI Average of the T/C routes $38437 (UP 555)

BSI Average of the T/C routes $31417 (UP 331)

BHSI Average of the T/C routes $22478 (UP 306)

Baltic Exchange Capesize Index 7045 (UP 58)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 24.550 0.125

C3 150000mt Tubarao - Beilun/Baoshan 15 40.682 0.222

C4 150000mt Richards Bay - Rotterdam 5 24.595 0.070

C5 150000mt W Australia - Beilun/Baoshan 15 17.435 0.215

C7 150000mt Bolivar - Rotterdam 5 25.010 0.055

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 89000 150

C9_03 172000mt Continent/Mediterranean trip Far East 5 98682 432

C10_03 172000mt Pacific RV 20 75118 1343

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 59536 586

C12 150000mt Gladstone - Rotterdam 10 31.695 0.160

Average of the T/C Routes 80584 628

Baltic Exchange Panamax Index 4764 (UP 68)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 41208 432

P2A_03 74000mt SKAW-GIB/FAR EAST 25 43753 458

P3A_03 74000mt Japan-SK/Pacific/RV 25 35372 851

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 33414 478

Average of the T/C Routes 38437 555

Baltic Exchange Handysize Index 1526 (UP 21)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 17243 293

HS2 Skaw - Passero trip Boston - Galveston 12.5 17771 350

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 30156 406

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25557 399

HS5 SE Asia trip via Australia to Singapore - Japan 25 22921 335

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 21629 165

Average of the T/C Routes 22478 306

Baltic Exchange Supramax Index 3005 (UP 32)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 31252 591

S1B Canakkale Trip Far East 12.5 28375 406

S2 Japan - SK / NOPAC or Australia rv 25 30440 279

S3 Japan - SK Trip Gib - Skaw range 25 31468 195

S4A US Gulf - Skaw-Passero 12.5 43860 470

S4B Skaw-Passero - US Gulf 12.5 24034 232

Average of the T/C Routes 31417 331

S6 Jpn-SK trip via Aus/India 0 30495 460

+++

Daily Summary of Baltic Exchange Dry Indices 28 February 2007

Daily Summary of Baltic Exchange Dry Indices

28 February 2007

Baltic Exchange Dry Index TM 4765 (UP 61)

Baltic Exchange Capesize Index TM 6917 (UP 83)

Baltic Exchange Panamax Index TM 4640 (UP 78)

Baltic Exchange Supramax Index TM 2944 (UP 24)

Baltic Exchange Handysize Index TM 1482 (UP 21)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $79249 (UP 947)

BPI Average of the T/C routes $37434 (UP 630)

BSI Average of the T/C routes $30784 (UP 250)

BHSI Average of the T/C routes $21833 (UP 310

Baltic Exchange Capesize Index 6917 (UP 83)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 24.300 0.290

C3 150000mt Tubarao - Beilun/Baoshan 15 40.164 0.282

C4 150000mt Richards Bay - Rotterdam 5 24.445 0.195

C5 150000mt W Australia - Beilun/Baoshan 15 16.950 0.260

C7 150000mt Bolivar - Rotterdam 5 24.815 0.350

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 88625 1150

C9_03 172000mt Continent/Mediterranean trip Far East 5 97714 846

C10_03 172000mt Pacific RV 20 72277 1304

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 58382 491

C12 150000mt Gladstone - Rotterdam 10 31.286 0.150

Average of the T/C Routes 79249 947

Baltic Exchange Panamax Index 4640 (UP 78)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 40242 555

P2A_03 74000mt SKAW-GIB/FAR EAST 25 42639 997

P3A_03 74000mt Japan-SK/Pacific/RV 25 34064 495

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 32791 472

Average of the T/C Routes 37434 630

Baltic Exchange Handysize Index 1482 (UP 21)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 16671 264

HS2 Skaw - Passero trip Boston - Galveston 12.5 17164 193

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 29275 537

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 24636 136

HS5 SE Asia trip via Australia to Singapore - Japan 25 22414 293

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 21043 379

Average of the T/C Routes 21833 310

Baltic Exchange Supramax Index 2944 (UP 24)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 30145 261

S1B Canakkale Trip Far East 12.5 27710 172

S2 Japan - SK / NOPAC or Australia rv 25 29958 268

S3 Japan - SK Trip Gib - Skaw range 25 31023 214

S4A US Gulf - Skaw-Passero 12.5 42830 497

S4B Skaw-Passero - US Gulf 12.5 23625 105

Average of the T/C Routes 30784 250

S6 Jpn-SK trip via Aus/India 0 29650 243

Dry cargo fixture summary - 01 March 2007

Dry cargo fixture summary - 01 March 2007

==========================

BDI Baltic Dry Index 4818 UP 53

BCI Baltic Capesize Index 6987 UP 70

BPI Baltic Panamax Index 4696 UP 56

BSI Baltic Supramax Index 2973 UP 29

BHSI Baltic Handysize Index 1505 UP 23

Timecharter

-----------

'Buccleuch' 1992 182675 dwt dely Singapore 2/5 Mar trip via West

Australia redel China $75000 daily and then in d/c 5/7 months

trading $70000 daily - TMT

'Cape Harrier' 2005 177393 dwt dely Xingang 3/5 Mar 4/6 months

trading redel worldwide $72000 daily - TMT

'Anangel Fortune' Sanko relet 2005 174333 dwt dely Beilun 11/15 Mar

4/6 months trading redel worldwide $71000 daily - BHP Billiton

'Mineral London' 2006 173749 dwt dely Hunterston 7/10 Mar trip Brazil

redel China $96000 daily - Pacific Bulk

'Cape Awoba' 1996 171976 dwt dely Qingdao 17/20 Mar trip via West

Australia redel China $72500 daily - BHP Billiton

'Kyla Venture' ex Cape Kennedy China Shipping relet 2001 170296 dwt

dely China 11 Apr/11 May 3 years trading redel worldwide $53500

daily - Cosco Hong Kong

'Tianronghai' 2002 170000 dwt dely Caofeidian in d/c 15/20 Mar 1

years trading redel worldwide $61000 daily - Transfield

'Tai Shan' 1999 169147 dwt dely Carboneras 11/13 Mar 2 years trading

redel worldwide $60000 daily - Glory Wealth

'Anangel Pride' 1991 161600 dwt dely Kwangyang 10/12 Mar trip via

West Australia redel China $70000 daily - RTS

'Iron King' 1996 161167 dwt dely Dunkirk 15/20 Mar trip via Brazil

redel China $90000 daily - Cetragpa

'Mendocino' 2002 76623 dwt dely Porto Torres 2/5 Mar 7/9 months

trading redel worldwide $37500 daily - Bunge

'Mulberry Wilton' 2002 76623 dwt dely Rizhao 4/7 Mar trip via EC

Australia redel China $33000 daily -

'Maritime Hareshio' 2006 75500 dwt dely Genoa 10/12 Mar period up to

Oct 2007 redel worldwide $41000 daily -

'Nordmosel' Baumarine relet 2001 75257 dwt dely Rizhao 4/7 Mar trip

via Australia redel Japan $35000 daily - NYK

'Golden Shadow' Louis Dreyfus relet 1997 73732 dwt dely Nanjing 28

Feb/2 Mar 3/5 months trading redel worldwide $36750 daily - BHP

Billiton - <fixed 27/02>

'Naias' 2006 73546 dwt dely Gresik 12/14 Mar trip via Indonesia redel

Taiwan $46000 daily - Daebo

'Oriental Sun' Oldendorff relet 1998 72651 dwt dely Samcheonpo 7/11

Mar 4/6 months trading redel worldwide $36500 daily - Cargill

'Turnberry Glory' 1987 68308 dwt dely US Gulf 17/20 Mar trip redel

South Korea $37000 daily + $650000 bb - Cargill

'Yasa Aisen' 2007 56000 dwt dely Japan 12/16 March 4/6 months trading

redel worldwide approx $33200 daily - Norden - <recent>

'Grigorpan' 2002 53806 dwt dely Malaysia 14/20 March 1 years trading

redel worldwide $30500 daily -

'Christina L' 2006 50380 dwt dely West Africa 7/10 March trip via

East Coast South America redel India approx $33500 daily -

'Nicolas S' 1997 45736 dwt dely West Africa spot 3/5 months trading

redel worldwide $29000 daily - Dreyfus - <fixed last Friday>

ORE

---

'Formosabulk Allstar' 1995 160000/10 Ponta da Madeira/Dalian 10/19

Mar $39.50 fio scale/CQD - Beitai

'Bulk India' 150000/10 Guaiba/Eregli 15/31 Mar $32.75 fio

40000scs/25000sc - Erdemir

COAL

----

'Eternal Bright' 1981 150000/10 Xingang/Rotterdam 5/15 Mar $31.25 fio

15000sc/25000sc - North China Lines

Daily Summary of Baltic Exchange Dry Indices 1.march.2007


Subject: index as of 1.march.2007

Daily Summary of Baltic Exchange Dry Indices

1 March 2007

Baltic Exchange Dry Index TM 4818 (UP 53)

Baltic Exchange Capesize Index TM 6987 (UP 70)

Baltic Exchange Panamax Index TM 4696 (UP 56)

Baltic Exchange Supramax Index TM 2973 (UP 29)

Baltic Exchange Handysize Index TM 1505 (UP 23)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $79956 (UP 707)

BPI Average of the T/C routes $37882 (UP 448)

BSI Average of the T/C routes $31086 (UP 302)

BHSI Average of the T/C routes $22172 (UP 339)

Baltic Exchange Capesize Index 6987 (UP 70)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 24.425 0.125

C3 150000mt Tubarao - Beilun/Baoshan 15 40.460 0.296

C4 150000mt Richards Bay - Rotterdam 5 24.525 0.080

C5 150000mt W Australia - Beilun/Baoshan 15 17.220 0.270

C7 150000mt Bolivar - Rotterdam 5 24.955 0.140

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 88850 225

C9_03 172000mt Continent/Mediterranean trip Far East 5 98250 536

C10_03 172000mt Pacific RV 20 73775 1498

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 58950 568

C12 150000mt Gladstone - Rotterdam 10 31.535 0.249

Average of the T/C Routes 79956 707

Baltic Exchange Panamax Index 4696 (UP 56)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 40776 534

P2A_03 74000mt SKAW-GIB/FAR EAST 25 43295 656

P3A_03 74000mt Japan-SK/Pacific/RV 25 34521 457

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 32936 145

Average of the T/C Routes 37882 448

Baltic Exchange Handysize Index 1505 (UP 23)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 16950 279

HS2 Skaw - Passero trip Boston - Galveston 12.5 17421 257

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 29750 475

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25158 522

HS5 SE Asia trip via Australia to Singapore - Japan 25 22586 172

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 21464 421

Average of the T/C Routes 22172 339

Baltic Exchange Supramax Index 2973 (UP 29)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 30661 516

S1B Canakkale Trip Far East 12.5 27969 259

S2 Japan - SK / NOPAC or Australia rv 25 30161 203

S3 Japan - SK Trip Gib - Skaw range 25 31273 250

S4A US Gulf - Skaw-Passero 12.5 43390 560

S4B Skaw-Passero - US Gulf 12.5 23802 177

Average of the T/C Routes 31086 302

S6 Jpn-SK trip via Aus/India 0 30035 385

Dry cargo fixture summary - 28 February 2007

Subject: T/C - 28.feb.07

Dry cargo fixture summary - 28 February 2007

==========================

BDI Baltic Dry Index 4765 UP 61

BCI Baltic Capesize Index 6917 UP 83

BPI Baltic Panamax Index 4640 UP 78

BSI Baltic Supramax Index 2944 UP 24

BHSI Baltic Handysize Index 1482 UP 21

Timecharter

-----------

'Bulk Singapore' 2005 177173 dwt dely Qingdao 8/13 Mar trip via West

Australia redel China $73000 daily - BHP Billiton

'KWK Providence' 2004 175531 dwt dely Shanghai mid Apr 1 years trading

redel worldwide $63750 daily - Transfield

'Tian Lu Hai' 2005 175000 dwt dely Xingang 1/5 Mar trip via Richards Bay

redel Continent $55500 daily - Cargill

'China Venture' 2005 175000 dwt dely South Korea 1/5 Mar trip via West

Australia redel China $72000 daily - Noble

'Mineral Shanghai' 2004 173880 dwt dely Hansaport 3/5 Mar trip via Brazil

redel Japan $97000 daily - Japanese

'Anangel Vision' Glory Wealth relet newbuilding 172000 dwt dely ex yard

Daewoo 10 Mar trip via West Australia redel China $72000 daily - BHP

Billiton

'Saldanha' 1995 171715 dwt dely Ijmuiden 6/8 Mar trip via Brazil redel

Eregli $81250 daily - Sigma

'Nightwing' 2006 170000 dwt dely Gijon 16/18 Mar trip via Brazil redel

Far East $99500 daily - STX Pan Ocean

'Lord Byron' AWB Ltd relet 2005 76838 dwt dely Eregli 3/7 Mar trip via

Black Sea redel China $44500 daily - Aquavita

'Bonita' 2001 76623 dwt dely Xingang 14/18 Mar trip redel Continent

$35500 daily - Transfield

'Lowlands Camellia' 2006 76600 dwt dely Charleston 9/12 Mar trip via

Hampton Roads redel Piombino $39000 daily + $525000 bb - Cargill -

<recent>

'Yusho Regulus' 2005 76500 dwt dely Cape Passero 5/7 Mar trip via Bolivar

redel Med approx $40500 daily - D'Amico

'Atlantic Breeze' Cargill relet 2004 76267 dwt dely Redcar spot trip via

Hampton Roads redel S.Korea $45000 daily - Hanjin

'Maganari' Daiichi relet 2001 76000 dwt dely Worldwide 1/31 May 12/14

months trading redel worldwide $32750 daily - Deiulemar

'Torm Bornholm' 2004 75912 dwt dely Dunkirk 10/20 Mar trip via River

Plate redel Far East $44250 daily - TMT

'Pistis' 1984 75361 dwt dely retro Cape Passero 14 Feb trip via Tubarao &

Iran redel PMO $34000 daily - Worldways Shipping - <recent>

'Cinzia D'Amato' 2001 74500 dwt dely Chiba 4/7 Mar trip via Indonesia

redel Hong Kong $30500 daily -

'Tian Tong Feng' 2001 74275 dwt dely Montoir 12/15 Mar 5/7 months trading

redel worldwide $40000 daily - Practica

'Tian Zhu Feng' 2000 74201 dwt dely Huangpu 6/10 Mar 4/6 months trading

redel worldwide $36500 daily - Cargill

'Halo Cygnus' 1998 73937 dwt dely Bin Qasim 3/6 Mar trip via Goa redel

China $41000 daily - Uniwell Nanjing

'Ocean Favour' 1998 72400 dwt dely Brindisi 6/10 Mar 3/4 months trading

redel worldwide $40500 daily - Cosbulk

'Bakra' 1993 70456 dwt dely Lanshan 1/2 Mar trip redel S.Korea $33000

daily - C&Merchant Marine

'Hanjin New Orleans' 1994 70337 dwt dely Nantong 3/5 Mar 3/5 months

trading redel worldwide $35500 daily -

'Jin Pu Hai' 1996 69963 dwt dely Yokkaichi 3/6 Mar trip via NoPac redel

Singapore-Japan rge $32500 daily - Dreyfus

'Theareston' Cargill relet 1990 69637 dwt dely PMO 3/6 Mar via Richards

Bay redel Jorf Lasfar $34000 daily - D'Amico

'Georgia' 1982 63308 dwt dely aps Recalada 2/5 Mar redel Continent $31500

daily + $700000 bb - Dreyfus

'Caravos Galaxy' 1978 61744 dwt dely Chiwan 27/28 Feb 20/25 days trading

via Indonesia redel N.China $22500 daily - Winning

'Fassa' 2006 55447 dwt dely Kohsichang 14/18 March 1 years trading redel

worldwide $31000 daily - Western Bulkcarriers

'Predator' 2005 55407 dwt dely Ijmuiden 10/12 March trip via Morocco

redel Australia approx $32800 daily - Gearbulk

'Azizi' 2001 52544 dwt dely Chennai 3/7 March trip redel Mumbai $30700

daily - <recent>

'Ken Sirius' 2003 50337 dwt dely Mumbai 3/5 March 1 years trading redel

worldwide $29500 daily - Daebo

'Sagacious ID' 1996 45647 dwt dely Zhanjiang spot 3/5 months trading

redel worldwide $28250 daily - Eastern Bulkcarriers

'Joalmi' 1990 42264 dwt dely Rotterdam spot trip via North Coast South

America redel Norway $27000 daily - NYK

'Yare' 1985 37568 dwt 13 on 24 + 0.5 dely Port Sudan spot trip via South

Africa redel Med approx $21000 daily - Island View Shipping

Ore

---

'Seakoh' 2000 150000/10 Port Hedland/Qingdao 15/25 Mar $16.75 fo

scale/30000sc - BHP Billiton

'Transfield TBN' 140000/10 Madras/Kwangyang 17/31 Mar $18.50 fio

65000sc/55000sc - POSCO

'ZOSCO Wenzhou' 1982 140000/10 Dampier/Xingang 10/20 Mar $19.25 fio

scale/20000sc - Cosbulk

+++

Dry cargo fixture summary - 27 February 2007


Dry cargo fixture summary - 27 February 2007

==========================

BDI Baltic Dry Index 4704 UP 95

BCI Baltic Capesize Index 6834 UP 199

BPI Baltic Panamax Index 4562 UP 79

BSI Baltic Supramax Index 2920 UP 19

BHSI Baltic Handysize Index 1461 UP 21

Timecharter

-----------

'Anangel Vision' Glory Wealth relet newbuilding 171000 dwt dely ex yard

Daewoo 10 Mar 11/13 months trading redel worldwide $65000 daily - Kleimar

'Front Breaker' 1991 169146 dwt dely Shanghai 5/7 Mar trip via West

Australia redel China $67000 daily - BHP Billiton

'Te Ho' 2004 77834 dwt dely Mauban 5/10 Mar trip via Indonesia redel

Taiwan $39250 daily - Sunwoo

'Oceanic Breeze' 2005 77075 dwt dely N.China 10/20 Mar 1 years trading

redel worldwide $34250 daily - Deiulemar

'Medi Taipei' 2003 76633 dwt dely Cape Passero 7/10 Mar trip via Ponta da

Madeira redel Ghent $40100 daily - Giuseppe Bottiglieri

'Navios Orion' Cosco Tianjin relet 2005 76602 dwt dely Tobata 1/5 Mar 4/6

months trading redel worldwide $37250 daily - Bunge

'Pansolar' Deiulemar relet 2005 76343 dwt dely Japan 1/5 Mar 15/16 months

trading redel worldwide $33700 daily - Daebo

'Golden Lyderhorn' 1999 74242 dwt dely Taichung 5/8 Mar trip via

Indonesia redel Hong Kong $33500 daily - D'Amico - <fixed last week>

'Boreal' 2002 74181 dwt dely Zhousan 6/12 Mar trip via Weipa redel Skaw-

Cape Passero $34000 daily - Alcantara

'Red Nacre' 1999 73739 dwt dely Bourgas 2/5 Mar 14/16 months trading

redel worldwide $33000 daily - BBL

'Cymbeline' GMI relet 2001 73081 dwt dely retro PMO 14/16 Feb 7/8 months

trading redel worldwide $36000 daily - Rizzo-Bottiglieri-Di Carlini

Armatori SPA

'Alpha Future' 1999 72893 dwt dely Inchon 1/5 Mar 4/6 months trading

redel worldwide $36000 daily - Swiss Marine - <fixed last week>

'Alpha Effort' Swiss Marine relet 1999 72844 dwt - <reported 26/02 the

charterer is Daiichi>

'Eastern Queen' 1994 70196 dwt dely Rotterdam 2/4 Mar trip via Norfolk &

Egypt redel Cape Passero $39000 daily - National Navigation of Cairo

'Delray' 1994 70029 dwt dely retro Lanshan 17 Feb 2 laden legs redel

Singapore- Japan rge $27000 daily -

'Fortezza' 1993 69643 dwt dely Spanish Med 7/12 Mar 1/2 laden legs via EC

South America redel Far East $38750 daily - Cargill

'Mass Glory' 1993 69555 dwt dely Brindisi 1/10 Mar 6/8 months trading

redel worldwide $35500 daily - Atlas Bulk Shipping

'Navigator II' 1998 69146 dwt dely W.Med 1/10 Mar 23/25 months trading

redel worldwide $25750 daily - Glory Wealth

'Matumba' 2005 53591 dwt dely Malaysia 1/15 April 15/17 months trading

redel worldwide approx $28500 daily - Cosbulk

'Medi Melbourne' 2004 53552 dwt dely Haldia 10/16 March 12/14 Months

trading redel worldwide appox $30400 daily - Chinese charterer

'Agios Nektarios' 1988 52540 dwt dely Shanghai 27 Feb/4 March trip redel

Med $26000 daily - Carbofer Shipping

'Amazonia' 1994 28471 dwt 14 on 22 dely dlosp Galveston 5/9 March trip

redel Lagos $26400 daily - Nom (UK) Ltd.

Ore

---

'Kyushu Star' 1982 150000/10 Guaiba/Rizhao 5/15 Mar $38.04 fio

scale/30000sc - Transfield

'Castillo de San Juan' 1990 150000/10 Tubarao/Rotterdam mid Mar $24.50

fio 6 days sc - TKS

'TBN' 150000/10 Tubarao/Rotterdam mid Mar $24.75 fio 6 days sc - TKS

Thursday, April 05, 2007

Baltic Exchange Dry Indices 26.feb.07

Daily Summary of Baltic Exchange Dry Indices

26 February 2007

Baltic Exchange Dry Index TM 4609 (UP 64)

Baltic Exchange Capesize Index TM 6635 (UP 114)

Baltic Exchange Panamax Index TM 4483 (UP 61)

Baltic Exchange Supramax Index TM 2901 (UP 25)

Baltic Exchange Handysize Index TM 1440 (UP 16)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $76095 (UP 1498)

BPI Average of the T/C routes $36172 (UP 490)

BSI Average of the T/C routes $30332 (UP 260)

BHSI Average of the T/C routes $21204 (UP 261)

Baltic Exchange Capesize Index 6635 (UP 114)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 23.020 0.405

C3 150000mt Tubarao - Beilun/Baoshan 15 39.218 0.373

C4 150000mt Richards Bay - Rotterdam 5 23.795 0.315

C5 150000mt W Australia - Beilun/Baoshan 15 16.205 0.305

C7 150000mt Bolivar - Rotterdam 5 23.535 0.420

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 84225 2225

C9_03 172000mt Continent/Mediterranean trip Far East 5 95268 1563

C10_03 172000mt Pacific RV 20 68295 1318

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 56591 886

C12 150000mt Gladstone - Rotterdam 10 30.741 0.273

Average of the T/C Routes 76095 1498

Baltic Exchange Panamax Index 4483 (UP 61)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 38992 714

P2A_03 74000mt SKAW-GIB/FAR EAST 25 40750 597

P3A_03 74000mt Japan-SK/Pacific/RV 25 33053 336

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31894 315

Average of the T/C Routes 36172 490

Baltic Exchange Handysize Index 1440 (UP 16)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 16264 200

HS2 Skaw - Passero trip Boston - Galveston 12.5 16864 114

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 28331 393

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 24400 -6

HS5 SE Asia trip via Australia to Singapore - Japan 25 21814 371

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 20071 321

Average of the T/C Routes 21204 261

Baltic Exchange Supramax Index 2901 (UP 25)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 29718 232

S1B Canakkale Trip Far East 12.5 27377 273

S2 Japan - SK / NOPAC or Australia rv 25 29427 260

S3 Japan - SK Trip Gib - Skaw range 25 30684 207

S4A US Gulf - Skaw-Passero 12.5 41905 480

S4B Skaw-Passero - US Gulf 12.5 23432 162

Average of the T/C Routes 30332 260

S6 Jpn-SK trip via Aus/India 0 29161 225

Baltic Indices 26 Feb 2007

BALTIC INDICES

==============

BCI 6635 (+114)

TUB-ROTT $23.020 (+0.405)

TUB-BB $39.218 (+0.373)

R BAY-ROTT $23.795 (+0.315)

W AUST-BB $16.205 (+0.305)

172 SECO TARV $84225 (+2225)

172 SECO ATL TCT FE $95268 (+1563)

172 SECO PAC RV $68295 (+1318)

172 SECO FE TCT ATL $56591 (+886)

AVERAGE 4 TC'S $76095 (+1498)

BUNKERS

=======

ROTT 380: $265 (+6)

ROTT MDO: $485 (+5)

SPORE 380: $297.5 (+10.5)

SPORE MDO: $535 (+8)

Dry cargo fixture summary - 26 February 2007

Dry cargo fixture summary - 26 February 2007

==========================

BDI Baltic Dry Index 4609 UP 64

BCI Baltic Capesize Index 6635 UP 114

BPI Baltic Panamax Index 4483 UP 61

BSI Baltic Supramax Index 2901 UP 25

BHSI Baltic Handysize Index 1440 UP 16

Timecharter

-----------

'Elegant Star' 2005 177216 dwt dely China 16/18 Mar period to Aug/7

Oct 2007 redel worldwide $68000 daily - Morgan Stanley

'Iron Miner' newbuilding 177000 dwt dely ex yard Shanghai 10/20 Mar

5/7 months trading redel worldwide $67000 daily - Armada

'Anangel Sailor' COSCO Hong Kong relet 2006 171681 dwt dely Kashima

1/3 Mar trip via West Australia redel south of Beilun $64000 daily

option redel other China ports $66000 daily - BHP Billiton - <fixed

22/02>

'Thalassini Niki' 2005 171670 dwt dely Qingdao 15/25 Mar 4/6 months

trading redel worldwide $69000 daily - Oldendorff

'Billion Trader I' 2007 82300 dwt dely Praia Mole 13/18 Mar trip via

EC South America redel China $42000 daily + $750000 bb - Cosco

'Coal Gypsy' 2006 82295 dwt dely La Coruna 5/8 Mar 12/14 months

trading redel worldwide $35750 daily - Cosco

'Navios Hyperion' Bunge relet 2004 75707 dwt dely Zhangjiagang ppt 2

years trading redel worldwide $29500 daily - Transfield

'Kavo Topaz' Oldendorff relet 2004 75499 dwt dely Zhangjiagang 15/31

Mar 8/10 months trading redel worldwide $34250 daily - Pioneer

Navigation

'Pasquale Della Gatta' STX Pan Ocean relet 1995 75473 dwt dely

Aughinish ppt 12/14 months trading redel worldwide $33500 daily -

Cosco Oceania (corrects from earlier report)

'Century Star' CTP relet 2003 75318 dwt dely Antwerp 1/5 Mar trip via

Baltimore redel ARA $40000 daily - STX Pan Ocean

'Yong Huan' 2000 74837 dwt dely Fangcheng 25/28 Feb 4/6 months

trading redel worldwide $36000 - Atlas Bulk Shipping

'Primrose' 2001 74710 dwt dely Dunkirk 3/7 Mar 2 laden legs 1st leg

via Tubarao redel Continent $39000 daily - Azure

'De Ping Hai' 2002 74500 dwt dely El Dekeila 24/26 Feb trip via

Nouadhibou redel China $39500 daily - Cosco Europe

'Tian Yang Feng' 2000 74027 dwt dely aps Santos 11/14 Mar 2 laden

legs 1st leg pigiron redel Continent $36500 daily + $750000 bb -

Armada

'Alpha Effort' Swiss Marine relet 1999 72844 dwt dely Nantong spot

trip via West Australia redel Philippines $30750 daily - Japanese

charterer

'Theotokos' 1984 71242 dwt - <reported 23/02 the charterer should

read Lion and the bb is $730000>

'President G' 1988 69344 dwt dely Qinzhou 19/29 Mar 10.5/12.5 months

trading redel worldwide $29000 daily - STX Pan Ocean

'Xin Hua Meng' 1984 69201 dwt dely Trincomalee 6/8 Mar trip via EC

India redel Singapore-Japan rge $36500 daily -

'Popi S' 1982 64916 dwt - <reported 23/02 the charterer should read

Industrial>

'Mastro Giorgis 2' 1995 52370 dwt dely Houston 9/11 March trip via

Mississippi River redel Singapore-Japan $35000 daily - Cargill

'Amber K' 2000 47282 dwt dely Nemrut Bay spot trip redel US Gulf

$19750 daily -

ORE

---

'Gran Trader' 2001 150000/10 Tubarao/Qingdao 10/20 Mar $38.00 fio

scale/25000sc - Noble

+++

Dry cargo fixture summary - 23 February 2007

Dry cargo fixture summary - 23 February 2007

==========================

BDI Baltic Dry Index 4545 UP 89

BCI Baltic Capesize Index 6521 UP 203

BPI Baltic Panamax Index 4422 UP 66

BSI Baltic Supramax Index 2876 UP 17

BHSI Baltic Handysize Index 1424 UP 12

Timecharter

-----------

'MOSK TBN' newbuilding 178000 dwt dely ex yard Universal, Japan mid Mar 1

years

trading redel worldwide $63000 daily - TMT

'Lowlands Erica' newbuilding 177000 dwt dely ex yard Japan 9/12 Mar trip via

West Australia redel China $69000 daily -

'CSK Fortune' 2003 175528 dwt dely Amsterdam 12/14 Mar 7/8 months trading

redel

worldwide $67500 daily - STX Pan Ocean

'CHS Creation' EdF relet 2006 175000 dwt dely Bayuquan spot trip via West

Australia redel China $64000 daily - Swiss Marine

'Xinwang Hai' 2003 174733 dwt dely Rizhao 7/11 Mar 3/5 months trading redel

worldwide $67500 daily - Cargill

'Cyclades' Armada relet 2004 171480 dwt dely Amsterdam 26/28 Feb
transatlantic

round redel Skaw-Cape Passero $80000 daily - Hanjin

'CSK Grandeur' 2000 170170 dwt dely retro Singapore 19 Feb 5/8 months
trading

redel worldwide $68000 daily - TMT

'Cape Pioneer' 2005 170012 dwt dely China 11/14 Mar 4/6 months trading redel

worldwide $65000 daily - Cargill

'CHS Splendor' 2006 170000 dwt dely Qingdao end Feb trip via Richards Bay

redel

UKC $53400 daily - CTM

'Johnny K' 1994 165280 dwt dely Luojing 2/5 Mar trip via Australia redel
Japan

approx $64000 daily - NYK

'C.March' 1995 151053 dwt dely Qingdao 5/7 Mar 5/7 months trading redel

worldwide $55000 daily - Swiss Marine

'China Prosperity' 1986 151013 dwt dely Immingham 21/24 Feb trip via Brazil

redel Far East $73000 daily - Hanjin - <recent>

'Netadola' 1993 149475 dwt dely Dalian 25/28 Feb 7/9 months trading redel

worldwide $52500 daily - RTS

'Yong Jia' 2001 74500 dwt dely Hong Kong 1/3 Mar 4/6 months trading redel

worldwide $36000 daily - Norden

'Marigo P' 2002 73810 dwt dely Kaohsiung 22/26 Feb trip via Indonesia redel

S.Japan $32500 daily - Hanjin

'Prem Aparna' 2001 73461 dwt dely Mumbai 5/8 Mar trip via Goa redel China

$38000 daily - ETA Dubai

'Oriental Sun' 1998 72651 dwt dely Samcheonpo 7/11 Mar 4/6 months trading

redel

worldwide $36000 daily - Oldendorff

'Theotokos' ex Miho Pracat 1984 71242 dwt dely Mobile 11/14 Mar trip redel

Turkey $27000 daily + $800000 bb - Efe

'Deng Zhou Hai' 1995 69657 dwt dely Immingham 4/6 Mar trip via Rouen redel

Aden

$38000 daily - Dreyfus - <recent>

'Cumbria' 1994 69043 dwt dely Taean 22/27 Feb 2 laden legs via Indonesia
redel

Singapore-Japan $30900 daily - Cobelfret

'Wina' 1988 68377 dwt dely aps Mobile 11/17 Mar 11/13 months trading redel

worldwide $28000 daily + $550000 bb - United

'Popi S' 1982 64916 dwt dely Greece 1/5 Mar trip via Black Sea redel Far
East

$32000 daily - Dreyfus

'Stamos' 1985 63865 dwt dely Cape Passero 24 Feb/4 Mar trip via US Gulf or
EC

South America redel Cape Passero $32000 daily - Cargill - <fixed mid week>

'Canton Trader' 2003 52454 dwt dely Prachuap 3/10 March trip via Kohsichang

redel West Africa approx $35000 daily -

'D.Duckling' 2001 52068 dwt dely East Coast India 27 Feb/1 March trip via
West

Coast Australia redel Cont $31250 daily - Furness Withy

'Sea Lavender' 2002 50341 dwt dely Gibraltar 1/7 March period until 10
June/20

July redel worldwide $29800 daily -

'Lian Hua Hai' 2000 47980 dwt dely Longkou retro 22 Feb trip redel West
Africa

$28000 daily - American Bulk Carriers

'Aquadance' 1984 37705 dwt dely Shanghai 5/10 March 15/17 months trading
redel

worldwide redel worldwide $20000 daily - Daeyang

'Silverstar' 1999 31762 dwt dely Fujairah 28 Feb/2 March 12 months trading

redel worldwide approx $20450 daily - Cargill

'Pontoklydon' 1992 28450 dwt dely Niihama 2/8 March balance period until 9

July

2007 redel worldwide $22000 daily -

ORE

----

'Cape Mars' 2003 150000/10 Port Hedland/Qingdao 5/8 Mar $16.00 fio

scale/25000sc - BHP Billiton

COAL

----

'Amazon' Swiss Marine relet 1990 150000/10 Richards Bay/Rotterdam 15/30 Mar

$22.50 fio scale/25000sc - SK Shipping - <recent>

'Eternal Power' 2004 90000/5 Hay Point/Vizakhapatnam 15/24 Mar $24.25

20000sc/10000sc - VSP

Dry cargo fixture summary - 22 February 2007

Dry cargo fixture summary - 22 February 2007

==========================

BDI Baltic Dry Index 4456 UP 57

BCI Baltic Capesize Index 6318 UP 125

BPI Baltic Panamax Index 4356 UP 43

BSI Baltic Supramax Index 2859 UP 14

BHSI Baltic Handysize Index 1412 UP 8

Timecharter

-----------

'Pitsa D' 2002 170188 dwt dely Rotterdam 20/22 Feb trip via Colombia

redel Continent $77000 daily - EdF

'Heythrop' 1995 165729 dwt dely Dalian 28 Feb/2 Mar 4/6 months trading

redel worldwide $62500 daily - Cargill

'Nicole' newbuilding 77000 dwt dely ex yard Imabari 1/5 Mar 1 years

trading redel worldwide $33100 daily - Daebo

'Spitha' Cargill relet 2005 75411 dwt dely Cape Passero ppt trip via

Nouadhibou redel Rotterdam $36000 daily - Cobelfret

'Maddalena D'Amato' 2001 74716 dwt dely Fos 20/30 Mar 12 months trading

redel worldwide $32000 daily -

'Anangel Galini' Bunge relet 2002 74363 dwt dely psg Skaw ppt trip via

Brazil redel China $39250 daily - Agrenco

'Maria Salamon' 2000 74117 dwt dely Fos 28 Feb/2 Mar trip via Kamsar

redel San Cyrpian $37750 daily - Cobelfret

'Magna Graecia' 2001 74000 dwt dely Huelva 1/5 Mar trip via EC South

America redel Southeast Asia $41500 daily - Dreyfus

'Protefs' 2004 73630 dwt dely Inchon 24 Feb/4 Mar 11/13 months trading

redel worldwide $31750 daily - Norden

'Makiki' 1997 73048 dwt dely Qingdao 2/4 Mar trip via Australia or NoPac

redel Singapore-Japan rge $31500 daily - STX Pan Ocean

'Kind Seas' 1999 72493 dwt dely Santos 19/24 Mar 11/13 months trading

redel worldwide $32500 daily + $640000 gbb - United

'Giovanni' 1996 72394 dwt dely Hoping 25/27 Feb trip via Indonesia redel

Koper $29750 daily - Paragon

'Samjohn Light' 1994 71756 dwt dely Zhangzhou in d/c 24/28 Feb 4/6 months

trading redel worldwide $35000 daily - Daeyang

'Quesa Uno' 1993 70312 dwt dely Qingdao 22/24 Feb trip via Indonesia

redel Japan $31500 daily - MOSK

'De Zhou Hai' 1995 69952 dwt dely Cape Passero 2/3 Mar 4/6 months trading

redel worldwide approx $36000 daiily -

'Lia' 1978 68350 dwt dely Far East April/May 24/30 months trading redel

worldwide $17000 daily -

'Natty' 1982 64884 dwt dely retro Gibraltar 19 Feb trip via Continent

redel Aden-PMO $32000 daily - Glencore

'La Donna 1' 1983 63880 dwt dely PMO 2/4 Mar trip via WC India redel

China $30500 daily - Oldendorff

'Alara K' 2001 52413 dwt dely US Gulf 5/10 March trip redel Singapore-

Japan rge approx $40000 daily - S.Korean charterer

'Ken Ocean' 1994 45212 dwt dely Houston 3/5 March 95/120 days trading

redel worldwide approx $34500 daily - Clipper Bulk Shipping

'Crystal Seas' 1995 43222 dwt dely Worldwide March/April 2007 1 years

trading redel worldwide approx $24000 daily - San Juan Navigation

'Island Ranger' 1994 43108 dwt dely Goa spot trip via India redel China

approx $25000 daily - Chinese charterer

'Ocean Eagle' 1984 42972 dwt dely Houston 1/10 March trip via USGulf

redel Spain $32500 daily - Armada - <fixed on Monday>

'Sealady' 1995 42183 dwt dely Diliskelesi 22/25 Feb trip via Black Sea

redel Red Sea $25500 daily -

Coal

----

'Swiss Marine TBN' 70000/10 Kotabaru/Tarragona 1/10 Mar $26.00 fio

10000sc/24000sc - Enel

Misc

----

'Sparrow' 2000 44000/ sugar Santos/Bejaia 5/15 March $38.50 fio

8000sx/8000sx - Nollis

Dry cargo fixture summary - 21 February 2007


Dry cargo fixture summary - 21 February 2007

==========================

BDI Baltic Dry Index 4399 UP 40

BCI Baltic Capesize Index 6193 UP 68

BPI Baltic Panamax Index 4313 UP 39

BSI Baltic Supramax Index 2845 UP 16

BHSI Baltic Handysize Index 1404 UP 11

Timecharter

-----------

'Jin He' Cosco relet 2006 77250 dwt dely Kosichang 22/26 Feb 2.5 years

trading redel worldwide $28250 daily - Daeyang

'Navios Star' 2002 76662 dwt dely Taiwan 3/5 Mar trip via Indonesia redel

Taiwan $33500 daily - Sunwoo - <recent>

'Ariana' Atlas Bulk Shipping relet 2005 76631 dwt dely Dunkirk 24/28 Feb

7/9 months trading redel worldwide $36500 daily - Augustea

'Crest Trader' CTP relet 2005 76500 dwt dely Huelva 21/23 Feb 3/4 months

trading redel worldwide $40000 daily - BHP Billiton

'Anthemis' 2004 76310 dwt dely retro Aden 16 Feb trip via EC South

America redel Singapore-Japan rge $35000 daily - Alfred C Toepfer

'Medi Roma' 2001 74255 dwt dely Nanao ppt trip via NoPac redel Continent

$31000 daily - Oldendorff

'Eastern Queen' 1994 70164 dwt dely Rotterdam 1/4 Mar 4/6 months trading

redel worldwide $34500 daily - Chinese - <recent>

'Estepona' STX Pan Ocean relet 1994 70003 dwt dely Plomin 23/25 Feb

balance of period 31 July/6 Sept redel worldwide $35000 daily -

Bottiglieri di Navigazione

'Fassa' 55447 dwt 14L 14.5B on 29.5 + 2 dely Worldwide March/April 2007 3

years trading in d/c redel worldwide $25500 daily - Korea Line - <fixed

last week>

'Anassa Ioanna' 2003 53125 dwt dely North China 10/20 March 3/5 months

trading redel worldwide $31000 daily - TMT - <corrects rate and laycan on

report of 20/02>

'Ocean Emperor' 2002 53054 dwt 13.8 on 29 + 0.1 dely Chennai 25 Feb/2

March trip redel China-Japan $28500 daily - Noble Chartering

'Ken Sirius' 2003 50337 dwt dely Haldia 20/25 Feb 1 years trading redel

worldwide $27600 daily - Daeyang - <corrects rate on report of 20/02>

'Jimilta 2' 1985 42838 dwt dely Newark spot trip via North Coast South

America redel Black Sea approx $28500 daily - Oldendorff

'Dimitra' 1995 41455 dwt dely Savona 21/28 Feb 4/6 months trading redel

worldwide approx $22250 daily - Clipper

'Atlantic King' 1998 27786 dwt dely Savannah 25/28 Feb trip via USGulf

redel Skaw-Passero approx $23500 - Bunge

Ore

---

'Aigaion' Swiss Marine relet 2004 150000/10 Guaiba Island/Qingdap 15/25

Mar $39.25 fio scale/25000sc - Transfield

'Shagang Sunrise' 1997 150000/10 Saldanha Bay/Port Talbot 13/20 Mar

$21.95 fio 7 days sc - CTM

Baltic Exchange Dry Indices15.feb.07


Daily Summary of Baltic Exchange Dry Indices

15 February 2007

Baltic Exchange Dry Index TM 4352 (DOWN 14)

Baltic Exchange Capesize Index TM 6210 (DOWN 90)

Baltic Exchange Panamax Index TM 4253 (UP 12)

Baltic Exchange Supramax Index TM 2772 (UP 17)

Baltic Exchange Handysize Index TM 1360 (UP 13)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $70980 (DOWN 1330)

BPI Average of the T/C routes $34347 (UP 100)

BSI Average of the T/C routes $28988 (UP 184)

BHSI Average of the T/C routes $20011 (UP 189)

Baltic Exchange Capesize Index 6210 (DOWN 90)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 21.875 -0.185

C3 150000mt Tubarao - Beilun/Baoshan 15 38.141 -0.545

C4 150000mt Richards Bay - Rotterdam 5 21.780 -0.120

C5 150000mt W Australia - Beilun/Baoshan 15 14.990 -0.245

C7 150000mt Bolivar - Rotterdam 5 22.325 -0.220

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 78390 -1560

C9_03 172000mt Continent/Mediterranean trip Far East 5 92673 -2222

C10_03 172000mt Pacific RV 20 61250 -1055

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 51609 -482

C12 150000mt Gladstone - Rotterdam 10 29.486 -0.114

Average of the T/C Routes 70980 -1330

Baltic Exchange Panamax Index 4253 (UP 12)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 35879 174

P2A_03 74000mt SKAW-GIB/FAR EAST 25 38053 232

P3A_03 74000mt Japan-SK/Pacific/RV 25 32105 62

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31350 -69

Average of the T/C Routes 34347 100

Baltic Exchange Handysize Index 1360 (UP 13)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14450 193

HS2 Skaw - Passero trip Boston - Galveston 12.5 14971 214

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 26038 244

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25389 -11

HS5 SE Asia trip via Australia to Singapore - Japan 25 20364 257

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 19257 182

Average of the T/C Routes 20011 189

Baltic Exchange Supramax Index 2772 (UP 17)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 27342 390

S1B Canakkale Trip Far East 12.5 25960 172

S2 Japan - SK / NOPAC or Australia rv 25 28546 121

S3 Japan - SK Trip Gib - Skaw range 25 29791 105

S4A US Gulf - Skaw-Passero 12.5 39698 293

S4B Skaw-Passero - US Gulf 12.5 22232 168

Average of the T/C Routes 28988 184

S6 Jpn-SK trip via Aus/India 0 28020 365

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

S5 Trial-W.Africa via ECSA to FarEast 0 29643 259

The Daily Fixtures Report - 14/02/2007


The Daily Fixtures Report - 14/02/2007
--------------------------------------

BDI 4366 UP 6
BCI 6300 DOWN 75
BPI 4241 UP 68
BSI 2755 UP 15

TIMECHARTER
'Marvellous' Coscobulk relet 2000 169150 dwt dely Xingang 20/22 Feb trip
via Saldanha Bay redel Koper approx $62000 daily - Cobelfret 'Thalassini
Kya' 2002 164216 dwt dely Kashima 22/24 Feb trip via Roberts Bay redel
S.Korea approx $60000 daily - Korea Line 'Samsara' 1996 150393 dwt dely
Zhanjiang 15/16 Feb trip via Richards Bay redel Rotterdam $43500 daily -
Hanjin 'Red Lotus' Bottiglieri di Navigazione relet 2006 83007 dwt dely
Mawan
16/18
Feb 4/6 months trading redel worldwide $36000 daily - Norden 'Tai Progress'
2004 77834 dwt dely aps Praia Mole 8/11 Mar trip via Brazil redel
Singapore-Japan rge $37250 daily + $650000 bb - 'Rondeau' 2006 77061 dwt
dely Japan 20/24 Feb trip via Queensland redel Taiwan $32500 daily - China
Steel Express 'Lowlands Maine' 2005 76784 dwt dely Point Comfort 1/3 Mar
redel Skaw-Cape Passero int petcoke $34000 daily + $600000 bb - BHP Billiton
'Maple Ridge' 2004 76633 dwt dely Labbuan 22/24 Feb via Indonesia redel
Skaw-Cape Passero $34750 daily - Daiichi 'Pantazis L' Cosco Europe relet
2002 76629 dwt dely Liverpool 21/22 Feb
2 laden
legs redel Atlantic $35750 daily - Bunge 'Panstar' 2005 76629 dwt dely
Praia Mole 3/13 Mar trip redel Skaw-Cape Passero $37000 daily + $725000 bb
- Bunge 'Ikan Kerapu' 2005 76454 dwt dely Xingang 6/8 Mar trip redel Goa
$31000 daily
- KW Bulkers
'Grain Express' 2004 76284 dwt dely Cartagena 14/16 Feb 12/14 months
trading redel worldwide $32500 daily - SafeFixing 'Lietta' ex Kanaris
SafeFixing relet 2002 76015 dwt dely Zhoushan 22/28 Feb 5/7 months trading
redel worldwide $34250 daily - Italian chrtr - report and the business was
done last week> 'Dione' 2001 75172 dwt dely Tanjun Bin 21/23 Feb 4/6 months
trading redel worldwide $35000 daily - Norden 'National Prestige' 1995 75100
dwt dely Kaohsiung 16/19 Feb trip via Weipa redel China $31750 daily -
Glorly Wealth 'Redondo' 2000 74716 dwt dely Lianyungang 16/18 Feb trip via
NoPac redel Singapore-Japan rge $31000 daily - Dreyfus - 'Pruva' 1995 74317
dwt dely Zhanjiagang 19/25 Feb trip via Indonesia redel S.China $30000
daily - Cosco 'Clio' 2005 74000 dwt dely S.Korea 22 Feb/4 Mar 23/25 months
trading redel worldwide $27000 daily - Cargill 'Marietta' 2004 73641 dwt
dely Taiwan 22/24 Feb trip via Indonesia redel Spain $32000 daily - Morgan
Stanley 'Far Eastern Marina' 1997 73596 dwt dely Mundra 17/22 Feb trip via
Goa redel China $32000 daily - Pacific Bulk 'Linda Leah' GMI relet 1997
73317 dwt dely Butterworth 19/25 Feb trip via Thailand redel Skaw-Cape
Passero int clinker $33500 daily - Skaarup 'Monte Pelmo' CTP relet 2000
72917 dwt dely Kaohsiung 16/19 Feb trip via Bunbury redel Bahrain $31000
daily - Baumarine 'Alpha Future' 1999 72893 dwt dely Bayuquan 19/21 Feb
trip via N.China redel S.Korea $30000 daily - Cargill 'Christina IV' 2000
72493 dwt dely Jorf Lasfar 4/6 months trading 1st leg clinker redel
worldwide $34000 daily - Dreyfus 'Konstantinos A' 1995 71550 dwt dely Jorf
Lasfar 27 Feb/4 Mar 4/6 months trading redel worldwide $36000 daily - Bunge
'Sunny Ocean' 1994 68621 dwt dely Takehara spot trip via Newcastle redel
Japan $29000 daily - MOSK 'M.Faruk' 1984 63493 dwt dely Mawan 13/16 Feb
trip via Indonesia redel Dangjin $21000 daily - Chokang 'Fratzesco M' 1981
63408 dwt dely Lanshan 20/24 Feb 11/13 months trading redel worldwide
$21800 daily - ETA Dubai 'Favorita' 2005 52292 dwt dely Sea of Marmara spot
trip via Black Sea redel West Africa $22000 daily - Custodia 'Great
Prestige' 1998 46193 dwt dely Ghent 20/25 Feb 10/12 months trading redel
worldwide approx $26000 daily - S.Korean charterer 'Velebit' 1990 42249 dwt
dely Black Sea 20/25 Feb 5/7 months trading redel worldwide $25000 daily -
NYK 'Sanko Eagle' 1997 27868 dwt 13.5kn on 25.5 + 0.8 dely Up River Plate
spot trip redel Med $19500 + $275000 bb - Bunge 'Silver Bay' 1997 26516 dwt
dely East London 20/25 Feb trip via South Africa redel worldwide approx
$20000 daily - Island View Shipping

ORE
'Cape Heron' 2005 or sub 150000/10 Tubarao/Beilun & Nantong 15/30 Mar $39.50
scale/30000sc - TMT 'Kyushu Star' 1982 140000/10 Tubarao/Qingdao 11/20 March
$38.25 fio scale/25000sc - Shourong

Baltic Exchange Dry Indices 14.feb.07

Daily Summary of Baltic Exchange Dry Indices

14 February 2007

Baltic Exchange Dry Index TM 4366 (UP 6)

Baltic Exchange Capesize Index TM 6300 (DOWN 75)

Baltic Exchange Panamax Index TM 4241 (UP 68)

Baltic Exchange Supramax Index TM 2755 (UP 15)

Baltic Exchange Handysize Index TM 1347 (UP 11)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $72310 (DOWN 1084)

BPI Average of the T/C routes $34247 (UP 540)

BSI Average of the T/C routes $28804 (UP 150)

BHSI Average of the T/C routes $19822 (UP 174)

Baltic Exchange Capesize Index 6300 (DOWN 75)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 22.060 -0.165

C3 150000mt Tubarao - Beilun/Baoshan 15 38.686 -0.409

C4 150000mt Richards Bay - Rotterdam 5 21.900 -0.245

C5 150000mt W Australia - Beilun/Baoshan 15 15.235 -0.195

C7 150000mt Bolivar - Rotterdam 5 22.545 -0.160

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 79950 -1100

C9_03 172000mt Continent/Mediterranean trip Far East 5 94895 -1582

C10_03 172000mt Pacific RV 20 62305 -890

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 52091 -764

C12 150000mt Gladstone - Rotterdam 10 29.600 -0.145

Average of the T/C Routes 72310 -1084

Baltic Exchange Panamax Index 4241 (UP 68)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 35705 658

P2A_03 74000mt SKAW-GIB/FAR EAST 25 37821 921

P3A_03 74000mt Japan-SK/Pacific/RV 25 32043 332

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31419 250

Average of the T/C Routes 34247 540

Baltic Exchange Handysize Index 1347 (UP 11)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14257 107

HS2 Skaw - Passero trip Boston - Galveston 12.5 14757 114

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25794 388

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25400 -22

HS5 SE Asia trip via Australia to Singapore - Japan 25 20107 239

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 19075 161

Average of the T/C Routes 19822 174

Baltic Exchange Supramax Index 2755 (UP 15)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26952 156

S1B Canakkale Trip Far East 12.5 25788 57

S2 Japan - SK / NOPAC or Australia rv 25 28425 146

S3 Japan - SK Trip Gib - Skaw range 25 29686 200

S4A US Gulf - Skaw-Passero 12.5 39405 105

S4B Skaw-Passero - US Gulf 12.5 22064 191

Average of the T/C Routes 28804 150

S6 Jpn-SK trip via Aus/India 0 27655 60

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

S5 Trial-W.Africa via ECSA to FarEast 0 29384 161

Baltic Exchange Dry Indices 13.feb.07


Daily Summary of Baltic Exchange Dry Indices

13 February 2007

Baltic Exchange Dry Index TM 4360 (UP 12)

Baltic Exchange Capesize Index TM 6375 (DOWN 7)

Baltic Exchange Panamax Index TM 4173 (UP 34)

Baltic Exchange Supramax Index TM 2740 (UP 8)

Baltic Exchange Handysize Index TM 1336 (UP 5)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $73394 (DOWN 23)

BPI Average of the T/C routes $33707 (UP 266)

BSI Average of the T/C routes $28654 (UP 89)

BHSI Average of the T/C routes $19648 (UP 79)

Baltic Exchange Capesize Index 6375 (DOWN 7)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 22.225 0.060

C3 150000mt Tubarao - Beilun/Baoshan 15 39.095 0.172

C4 150000mt Richards Bay - Rotterdam 5 22.145 -0.185

C5 150000mt W Australia - Beilun/Baoshan 15 15.430 -0.110

C7 150000mt Bolivar - Rotterdam 5 22.705 0.075

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 81050 450

C9_03 172000mt Continent/Mediterranean trip Far East 5 96477 659

C10_03 172000mt Pacific RV 20 63195 -532

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 52855 -668

C12 150000mt Gladstone - Rotterdam 10 29.745 -0.082

Average of the T/C Routes 73394 -23

Baltic Exchange Panamax Index 4173 (UP 34)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 35047 511

P2A_03 74000mt SKAW-GIB/FAR EAST 25 36900 550

P3A_03 74000mt Japan-SK/Pacific/RV 25 31711 67

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31169 -63

Average of the T/C Routes 33707 266

Baltic Exchange Handysize Index 1336 (UP 5)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14150 7

HS2 Skaw - Passero trip Boston - Galveston 12.5 14643 7

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25406 118

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25422 -34

HS5 SE Asia trip via Australia to Singapore - Japan 25 19868 218

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 18914 47

Average of the T/C Routes 19648 79

Baltic Exchange Supramax Index 2740 (UP 8)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26796 37

S1B Canakkale Trip Far East 12.5 25731 -60

S2 Japan - SK / NOPAC or Australia rv 25 28279 138

S3 Japan - SK Trip Gib - Skaw range 25 29486 231

S4A US Gulf - Skaw-Passero 12.5 39300 15

S4B Skaw-Passero - US Gulf 12.5 21873 -22

Average of the T/C Routes 28654 89

S6 Jpn-SK trip via Aus/India 0 27595 -3

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

S5 Trial-W.Africa via ECSA to FarEast 0 29223 8

Baltic Exchange Dry Indices 12.feb.07

Daily Summary of Baltic Exchange Dry Indices

12 February 2007

Baltic Exchange Dry Index TM 4348 (UP 20)

Baltic Exchange Capesize Index TM 6382 (UP 42)

Baltic Exchange Panamax Index TM 4139 (UP 25)

Baltic Exchange Supramax Index TM 2732 (DOWN 5)

Baltic Exchange Handysize Index TM 1331 (UP 7)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $73417 (UP 792)

BPI Average of the T/C routes $33441 (UP 197)

BSI Average of the T/C routes $28565 (DOWN 57)

BHSI Average of the T/C routes $19569 (UP 107)

Baltic Exchange Capesize Index 6382 (UP 42)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 22.165 0.175

C3 150000mt Tubarao - Beilun/Baoshan 15 38.923 0.691

C4 150000mt Richards Bay - Rotterdam 5 22.330 -0.005

C5 150000mt W Australia - Beilun/Baoshan 15 15.540 -0.040

C7 150000mt Bolivar - Rotterdam 5 22.630 0.140

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 80600 1100

C9_03 172000mt Continent/Mediterranean trip Far East 5 95818 2363

C10_03 172000mt Pacific RV 20 63727 -250

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 53523 -45

C12 150000mt Gladstone - Rotterdam 10 29.827 -0.028

Average of the T/C Routes 73417 792

Baltic Exchange Panamax Index 4139 (UP 25)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 34536 322

P2A_03 74000mt SKAW-GIB/FAR EAST 25 36350 269

P3A_03 74000mt Japan-SK/Pacific/RV 25 31644 108

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31232 88

Average of the T/C Routes 33441 197

Baltic Exchange Handysize Index 1331 (UP 7)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14143 -7

HS2 Skaw - Passero trip Boston - Galveston 12.5 14636 -21

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25288 -100

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25456 0

HS5 SE Asia trip via Australia to Singapore - Japan 25 19650 243

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 18867 253

Average of the T/C Routes 19569 107

Baltic Exchange Supramax Index 2732 (DOWN 5)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26759 0

S1B Canakkale Trip Far East 12.5 25791 -114

S2 Japan - SK / NOPAC or Australia rv 25 28141 -91

S3 Japan - SK Trip Gib - Skaw range 25 29255 -35

S4A US Gulf - Skaw-Passero 12.5 39285 -71

S4B Skaw-Passero - US Gulf 12.5 21895 -15

Average of the T/C Routes 28565 -57

S6 Jpn-SK trip via Aus/India 0 27598 -47

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

S5 Trial-W.Africa via ECSA to FarEast 0 29215 -10

+++

Baltic Exchange Dry Indices 9 February 07


Daily Summary of Baltic Exchange Dry Indices 9 February 2007

Baltic Exchange Dry Index TM 4328 (UP 5)

Baltic Exchange Capesize Index TM 6340 (UP 26)

Baltic Exchange Panamax Index TM 4114 (UP 5)

Baltic Exchange Supramax Index TM 2737 (DOWN 7)

Baltic Exchange Handysize Index TM 1324 (DOWN 7)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $72625 (UP 367)

BPI Average of the T/C routes $33244 (UP 36)

BSI Average of the T/C routes $28622 (DOWN 66)

BHSI Average of the T/C routes $19462 (DOWN 91)

Baltic Exchange Capesize Index 6340 (UP 26)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 21.990 0.135

C3 150000mt Tubarao - Beilun/Baoshan 15 38.232 0.582

C4 150000mt Richards Bay - Rotterdam 5 22.335 0.020

C5 150000mt W Australia - Beilun/Baoshan 15 15.580 -0.035

C7 150000mt Bolivar - Rotterdam 5 22.490 0.150

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 79500 900

C9_03 172000mt Continent/Mediterranean trip Far East 5 93455 1091

C10_03 172000mt Pacific RV 20 63977 -455

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 53568 -68

C12 150000mt Gladstone - Rotterdam 10 29.855 0.014

Average of the T/C Routes 72625 367

Baltic Exchange Panamax Index 4114 (UP 5)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 34214 277

P2A_03 74000mt SKAW-GIB/FAR EAST 25 36081 244

P3A_03 74000mt Japan-SK/Pacific/RV 25 31536 -133

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31144 -245

Average of the T/C Routes 33244 36

Baltic Exchange Handysize Index 1324 (DOWN 7)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14150 -57

HS2 Skaw - Passero trip Boston - Galveston 12.5 14657 -64

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25388 -50

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25456 -116

HS5 SE Asia trip via Australia to Singapore - Japan 25 19407 -136

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 18614 -86

Average of the T/C Routes 19462 -91

Baltic Exchange Supramax Index 2737 (DOWN 7)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26759 -109

S1B Canakkale Trip Far East 12.5 25905 -172

S2 Japan - SK / NOPAC or Australia rv 25 28232 -25

S3 Japan - SK Trip Gib - Skaw range 25 29290 -75

S4A US Gulf - Skaw-Passero 12.5 39356 -44

S4B Skaw-Passero - US Gulf 12.5 21910 -5

Average of the T/C Routes 28622 -66

S6 Jpn-SK trip via Aus/India 0 27645 -75

+++

Baltic Exchange Dry Indices 8 February 2007

Daily Summary of Baltic Exchange Dry Indices

8 February 2007

Baltic Exchange Dry Index TM 4323 (UP 10)

Baltic Exchange Capesize Index TM 6314 (UP 58)

Baltic Exchange Panamax Index TM 4109 (DOWN 13)

Baltic Exchange Supramax Index TM 2744 (DOWN 11)

Baltic Exchange Handysize Index TM 1331 (DOWN 3)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $72258 (UP 789)

BPI Average of the T/C routes $33208 (DOWN 118)

BSI Average of the T/C routes $28688 (DOWN 116)

BHSI Average of the T/C routes $19553 (DOWN 50)

Baltic Exchange Capesize Index 6314 (UP 58)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 21.855 0.225

C3 150000mt Tubarao - Beilun/Baoshan 15 37.650 0.441

C4 150000mt Richards Bay - Rotterdam 5 22.315 0.000

C5 150000mt W Australia - Beilun/Baoshan 15 15.615 0.120

C7 150000mt Bolivar - Rotterdam 5 22.340 0.260

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 78600 1225

C9_03 172000mt Continent/Mediterranean trip Far East 5 92364 1341

C10_03 172000mt Pacific RV 20 64432 409

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 53636 181

C12 150000mt Gladstone - Rotterdam 10 29.841 0.096

Average of the T/C Routes 72258 789

Baltic Exchange Panamax Index 4109 (DOWN 13)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 33937 215

P2A_03 74000mt SKAW-GIB/FAR EAST 25 35837 176

P3A_03 74000mt Japan-SK/Pacific/RV 25 31669 -438

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 31389 -423

Average of the T/C Routes 33208 -118

Baltic Exchange Handysize Index 1331 (DOWN 3)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14207 -50

HS2 Skaw - Passero trip Boston - Galveston 12.5 14721 -50

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 25438 -118

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25572 -178

HS5 SE Asia trip via Australia to Singapore - Japan 25 19543 22

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 18700 -21

Average of the T/C Routes 19553 -50

Baltic Exchange Supramax Index 2744 (DOWN 11)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 26868 -103

S1B Canakkale Trip Far East 12.5 26077 -217

S2 Japan - SK / NOPAC or Australia rv 25 28257 -93

S3 Japan - SK Trip Gib - Skaw range 25 29365 -115

S4A US Gulf - Skaw-Passero 12.5 39400 -203

S4B Skaw-Passero - US Gulf 12.5 21915 6

Average of the T/C Routes 28688 -116

S6 Jpn-SK trip via Aus/India 0 27720 -66

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

S5 Trial-W.Africa via ECSA to FarEast 0 29255 -45

Friday, August 25, 2006

The Daily Fixtures Report - 25/08/06

BDI 3690 Up 46
BCI 4974 Up 75
BPI 3473 Up 56
BSI 2644 Up 6

TIMECHARTER
'Fantastiks' 2005 180265 dwt dely Gijon 20/30 Sept 4/5 months trading
redel
worldwide $67000 daily ? TMT
'China Steel Growth' 2002 176000 dwt dely Kwangyang 26/27 Aug trip via
East
Coast Australia redel Japan approx $41000 daily - NYK
'Marine Hunter' 1994 164981 dwt dely China 15/30 Sept 12 months
trading redel
worldwide $30000 daily ? Pacific Bulk
'Maple Ridge' 2004 76633 dwt dely Rotterdam 3/10 Sept redel worldwide
$28000
daily - Cobelfret
'Ariana' 2005 76631 dwt dely Rizhao 30/31 Aug trip via North China
redel Hong
Kong $24250 daily ? Sinochart
'Double Happiness' 2005 76602 dwt dely Hamburg 4/7 Sept 12 months
trading redel
worldwide approx $28250 daily - Deuilemar
'Montrose' 2002 75592 dwt dely Liverpool 25/27 Aug trip via Sepetiba
redel
Skaw/Passero $27500 daily ? Kleimar
'Yong Jia' 2001 74500 dwt dely Fangcheng spot trip via West Australia
redel
Singapore-Japan $27000 daily ?
'Hephaestus' 2001 74297 dwt dely Muscat 25 Aug/5 Sept 3/5 months
trading redel
worldwide $28500 daily ? Cargill
'Gallia Graeca' 2001 74133 dwt dely China prompt 4/6 months trading
redel
worldwide $29000 daily ? Swiss Marine
'Lian Hua Feng' 2002 73900 dwt dely Surabaya 5/7 September 4/6 months
trading
redel worldwide $29500 daily ? STX Pan Ocean
'Lucia Bulker' 1999 73800 dwt dely Gladstone 1/5 Sept trip redel
Singapore-Japan
$28000 daily + $390000 bb - Daebo
'Pole' 1997 73409 dwt dely Skaw 1/5 Sept trip via Spitzbergen redel
Skaw $29750
daily - Jebsens
'Elinakos' 1997 73751 dwt dely Portbury 25/26 Aug trip via Kamsar
redel Point
Comfort $14500 daily ? Clipper
'Tai Plenty' 2000 73060 dwt reported 24/8 to Daeyang ? business failed
'Eternal Wind' 1997 71372 dwt dely Nanao 31 Aug/1 Sept trip via Nopac
redel
Singapore-Japan $28000 daily ?
'Magnetic Isle' 1996 68461 dwt dely Paradip 1/5 Sept trip via East
Coast India
redel China $28000 daily - Jaldi
'Maroudio' 2003 56020 dwt dely Tampico 5/10 Sept trip via USGulf redel
Singapore-Japan $34000 daily ?
'Jaeger' 2004 52265 dwt charterer reported as Probulk New York ?
corrects report
24/8
'Maria L' 2003 50337 dwt dely Houston 13/15 Sept trip via USGulf redel
Singapore-Japan approx $32000 daily -
'Great Prestige' 1998 46193 dwt 14L/14.5B on 31 dely West Med prompt
trip via
Black Sea redel Singapore-Japan $23000 daily ?
'Sirorat Naree' 1984 29125 dwt 12.5 on 21 no das dely Mombasa prompt
trip via
South Africa redel Med approx 15800 daily - MUR
'Aonoble' 1994 27308 dwt dely Shanghai 1/5 Sept trip via Australia
redel
Singapore-Japan $18000 daily -

ORE
'Rubena N' 2006 180000/10 GIT/Qingdao 1/15 Sept $32.00 fio
scale/25000sc ?
Pioneer Metals
'Bulk China' 2005 170000/10 Tubarao/Beilun+Baoshan 1/15 Sept $33.75
fio
scale/30000sc ? CVRD
'Teh May' 2004 150000/10 Ponta De Madeira/Gijon 10/20 Sept $13.10 fio
scale/25000sc  - Arcelor
'Rutland' 1997 150000/10 Sepetiba/Zhanjiang 15/25 Sept $31.00 fio
scale/25000sc
- Transfield

COAL
'TBN' 150000/10 Puerto Bolivar/Rotterdam 15/30 Sept $17.50 fio
50000sc/25000sc -
RAG

The Daily Fixtures Report - 23/08/06

BDI 3633 Down 39
BCI 4850 Down 50
BPI 3429 Down 67
BSI 2640 Down 2

TIMECHARTER
'Kassos Warrior' 1986 194774 dwt dely in d/c Rizhao 27/31 Aug 6/8
months trading
redel worldwide $43000 daily ? Cosco Qingdao
'CSK Beilun' 1999 172561 dwt dely Cont 5/10 Sept trip via Brazil redel
China
$71000 daily ? Pacific Bulk
'Constantia' 1996 171039 dwt dely retro Rizhao 14 Aug trip via West
Australia
redel Singapore-Japan approx $47000 daily ?
'Filomena Lembo' 2006 83000 dwt dely Singapore 23/24 Aug trip redel
Cont approx
$29000 daily -
'Navios Altair' 2006 83000 dwt dely ex yard Tsuneishi 5/10 Sept 3
years trading
redel worldwide approx $24000 daily ? Japanese charterer
'Graecia Universalis' 2005 73902 dwt dely Inchon 24/26 Aug trip via
Nopac redel
Singapore-Japan $28000 daily ? Armada
'Coal Glory' 1995 73670 dwt dely Zhanjiagang 23/25 Aug trip via Nopac
(intention
Sulphur) redel Singapore-Japan $26250 daily - NASL
'Edelweiss' 2004 73624 dwt dely Onahama trip via Nopac redel
Singapore-Japan
$28000 daily - Dreyfus
'Far Eastern Marina' 1997 73596 dwt dely Zhanjiagang spot 4/5 months
trading
redel worldwide $28000 daily ? Swiss Marine
'Captain Diamantis' 2000 70000 dwt dely Recalada 1 Sept trip via East
Coast
South America redel China approx $27000 daily + $675000 bb - Wilmar
'Agios Nikolaos 2' 1976 66157 dwt dely Muscat 25/30 Aug trip via East
Coast
India redel China $15500 daily ? Glory Trans
'Konkar Lydia' 1982 65163 dwt dely Hamburg 29/31 Aug 1 laden leg redel
Med
$22000 daily ? Bunge (corrects report of yesterday)
'Irinikos' 1984 61748 dwt dely Huelva 29/31 Aug trip via East Coast
South
America redel Barcelona-Skaw $23750 daily  - Cargill
'Ocean Glory' 2006 56039 dwt dely Thailand 29/31 Aug trip via
Indonesia redel
East Coast India $31000 daily ? D'Amico
'Pos Island' 2006 55500 dwt dely ex yard Oshima 25/26 Aug trip via
Nopac redel
Singapore-Japan approx $31000 daily -
'Global Ocean' 1997 45600 dwt dely Civitavecchia 30 Aug/2 Sept trip
via Black
Sea redel USGulf $21200 daily -

ORE
'Cyclades' 2004 150000/10 Cape Lambert/Redcar 30 Aug/6 Sept $19.10 fio
7 days
shinc - Corus