The Daily Fixtures Report - 21/04/2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

BDI 8350 UP 147
BCI 11898 UP 288
BPI 8707 UP 106
BSI 4934 UP 68
BHSI 2467 UP 31

TIMECHARTER
'Bright Century' 1997 178739 dwt  dely Mialiao 27/30 Apr  trip via West Australia redel China $155000 daily - BHP Billiton 'Rizzo-Bottiglieri-De Carlini Armatori Spa TBN' newbuilding 177000 dwt SWS type dely ex yard Shanghai Jiangnan Changxing May/June 2011 min120/max 124 months trading redel worldwide $38500 daily - Korea Line 'Harmonious' 2007 175000 dwt  dely Xingang end Apr 4/6 months trading redel worldwide $139500 daily - Armada 'Cape Century' 2001 172683 dwt  dely Dunkirk 15/18 Apr 11/13 months trading redel worldwide $150000 daily - Classic Maritime 'China Fortune' 1992 152011 dwt  dely psg Yantai 22 Apr  trip via Richards Bay redel Skaw-Cape Passero $75000 daily - Cargill 'Navios Alegria' 2004 76466 dwt  dely Gijon 1/10 May 7/8 months trading redel worldwide $77000 daily - Cetragpa 'Carol' BBL relet 1999 75608 dwt  dely Immingham 20/22 Apr 4/6 months trading redel worldwide $83000 daily - Swiss Marine 'Ecoan G.O.' 2008 75131 dwt  dely Kaohsiung 24/28 Apr  trip via Indonesia redel Philippines $55000 daily - Swiss Marine 'Samatan' 2001 74823 dwt  dely Immingham 19/22 Apr  trip via EC South America redel Singapore-Japan rge $86500 daily - Noble 'Alpha Flame' 1999 74545 dwt  dely Cape Passero 20/22 Apr  trip via Ponta Da Madeira & Piombino redel Cape Passero $79000 daily - Cargill 'Yong Huan' BBL relet 2000 74500 dwt  dely S.Korea 21/25 Apr 3/5 months trading redel worldwide $71000 daily - Norden 'Great Intelligence' 2000 74293 dwt  dely Aughinish 27/30 Apr 12 months trading redel worldwide $72000 daily - Glory Wealth 'Alabanda' 1995 74044 dwt  dely Shanghai 24/28 Apr 4/6 months trading redel worldwide $70000 daily nett - Norden 'Catriena' 1998 73829 dwt  dely Antwerp 26/28 Apr  trip via Hampton Roads redel UKC $76000 daily - Morgan Stanley 'Esna' 1998 71598 dwt  dely N.China 22/24 Apr  trip via NoPac redel Singapore-Japan rge $61000 daily - STX Pan Ocean 'Alescabalo' 1990 70403 dwt  dely Shibushi 29/30 Apr  trip via EC Australia redel Continent $51000 daily - cnr 'Mara' obo 1989 64850 dwt  dely Antwerp 20/22 Apr 2 laden legs redel Atlantic $62500 daily - Deiulemar

'Delvina' 2007 53629 dwt  dely dop Ponta Ubu 4/15 May  trip via East Coast South America redel Singapore-Japan $73000 daily + $1200000 bb - Dreyfus

'Thermidor' 2007 53500 dwt      -  however the business failed>

'Star Zeta' 2003 52994 dwt  dely Karachi spot  trip via West Coast India redel Singapore-Japan approx $66000 daily - Glory Wealth

'Curia' 2001 51029 dwt  dely US East Coast early May 5/7 months trading redel worldwide $64500 daily - Norden -

'Pilion' 1994 50383 dwt  dely North China 22/23 April  3/5 months trading redel worldwide approx $47500 daily - STX Pan Ocean

'Amorita' 1999 46667 dwt  dely Houston end April  trip redel Japan intention coal approx $85000 daily - Mitsui

'Alam Mesra' 2000 46644 dwt  dely Trinidad end April min 3 laden legs 70 days trading redel Atlantic $67500 daily charterers option Far East redelivery $70500 daily - Atlas

'Sovi R' 1998 45621 dwt  dely USGulf end April 5/7 months trading redel worldwide $63000 daily - Hanjin

Ocean Trader' 1983 32708 dwt  dely Matarani 22/27 April trip via east coast South America redel Continent approx $41000 daily - cnr

'Amna S' 1985 25525 dwt  dely Bilbao 25/28 April trip via the Continent redel West Africa $40000 daily - cnr

ORE
'Genco Constantine' Cargill relet 2008 160000/10 Guaiba/Eregli & Iskenderun
25
Apr/5 May $55.00 fio 50000sc/32500sc & 30000sc - Eredemir

'Grand Nike' CTM relet 1995 150000/10 Itaquai/Qingdao 20/30 May $80.00 fio scale/30000sc - cnr

COAL
'Bulk Africa' 2002 160000/10 Richards Bay/Rotterdam 5/19 May $37.30 fio scale/25000sc - Cargill 'Lydia' 1981 130000/10 Newcastle/Mailiao 15/30 May $34.50 fio scale/35000sc
-
Formosa -

Daily Summary of Baltic Exchange Dry Indices 18 April 2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

Baltic Exchange Dry Index TM 8203 (UP 165)

Baltic Exchange Capesize Index TM 11610 (UP 273)

Baltic Exchange Panamax Index TM 8601 (UP 187)

Baltic Exchange Supramax Index TM 4866 (UP 69)

Baltic Exchange Handysize Index TM 2436 (UP 27)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI

Average of the T/C routes $135080 (UP 3466)

BPI

Average of the T/C routes $69236 (UP 1495)

BSI

Average of the T/C routes $50880 (UP 719)

BHSI

Average of the T/C routes $35354 (UP 366)

Baltic Exchange Capesize Index     11610     (UP 273)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.695 0.731

C3 150000mt Tubarao - Beilun/Baoshan 15 73.800 0.787

C4 150000mt Richards Bay - Rotterdam 5 38.205 0.873

C5 150000mt W Australia - Beilun/Baoshan 15 29.759 0.777

C7 150000mt Bolivar - Rotterdam 5 35.695 0.536

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 127682 2477

C9_03 172000mt Continent/Mediterranean trip Far East 5 185231 3962

C10_03 172000mt Pacific RV 20 133346 5154

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 94063 2271

C12 150000mt Gladstone - Rotterdam 10 49.714 0.755

Average of the T/C Routes 135080 3466

Baltic Exchange Panamax Index     8601     (UP 187)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 76711 2204

P2A_03 74000mt SKAW-GIB/FAR EAST 25 87229 1961

P3A_03 74000mt Japan-SK/Pacific/RV 25 62388 1184

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 50618 633

Average of the T/C Routes 69236 1495

Baltic Exchange Supramax Index     4866     (UP 69)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 65000 850

S1B Canakkale Trip Far East 12.5 62320 306

S2 Japan - SK / NOPAC or Australia rv 25 42971 829

S3 Japan - SK Trip Gib - Skaw range 25 38022 937

S4A US Gulf - Skaw-Passero 12.5 83583 685

S4B Skaw-Passero - US Gulf 12.5 34153 378

Average of the T/C Routes 50880 719

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

S5 W.Africa via ECSA to FarEast 0 71139 791

S6 Jpn-SK trip via Aus/India 0 42675 711

S7 EC India - China 0 65391 258 

Baltic Exchange Handysize Index     2436     (UP 27)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 30488 417

HS2 Skaw - Passero trip Boston ?Galveston 12.5 30921 607

HS3 Recalada ?Rio de Janeiro trip Skaw ?Passero. 12.5 52628 934

HS4 US Gulf trip via US Gulf or NCSA to Skaw ?Passero 12.5 50050 685

HS5 SE Asia trip via Australia to Singapore ?Japan 25 30164 35

HS6 S Korea ?Japan via NOPAC to Singapore-Japan 25 29207 107

Average of the T/C Routes 35354 366

The Daily Fixtures Report - 18/04/2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

BDI 8203 UP 165
BCI 11610 UP 273
BPI 8601 UP 187
BSI 4866 UP 69
BHSI 2436 UP 27

TIMECHARTER
'China Steel Team' 2006 203512 dwt  dely retro Nagoya 10 Apr  trip via Richards Bay redel Rotterdam $95000 daily - Swiss Marine 'Lowlands Sunrise' 2003 176298 dwt  dely Cape Passero 22/24 Apr  trip via Brazil & Turkey redel Cape Passero $125000 daily - Cargill 'China Peace' Cosco relet 2005 175000 dwt  dely Kaohsiung 24/26 Apr  trip via West Australia redel China $142000 daily - Rio Tinto - 'Jin Tai' 2004 173880 dwt  dely Qingdao 22/24 Apr  trip via West Australia redel China $130000 daily - Rio Tinto
'Arethousa' 1999 171779 dwt  dely Nantong   trip via Richards Bay redel
Continent approx $85000 daily - Swiss Marine 'Penelope' 1997 150393 dwt  dely Rotterdam 26/28 Apr  transatlantic round redel Skaw-Cape Passero $112000 daily - SK Shipping 'Alam Permai' 2005 87000 dwt  dely Port Kelang 22/26  Apr  trip via EC India redel China $78500 daily - CNR 'Clipper Suffolk' 2006 82992 dwt  dely Wakayama 20/25 Apr 3/5 months trading $75000 daily - Bunge 'Coal Hunter' 2006 82769 dwt  dely Vitoria 25/30 Apr  trip via River Plate redel Singapore-Japan rge $90000 daily + 1.9 million bb - GMI 'CMB Fiorentina' 2005 76883 dwt  dely Tanjung Bin 26/28 Apr  trip via Indonesia redel Japan $76000 daily - 'K' Line 'Dolce' 2007 76662 dwt  dely Praia Mole 28/30 Apr  trip via River Plate & Jebel Ali redel PMO $89500 daily + $1.75 million bb - GIEX 'Belisland' 2003 76602 dwt  dely Los Angeles 22/26 Apr  trip via NoPac redel Japan $58500 daily + $900000  bb - Louis Dreyfus 'CIC Piraeus' 2001 76296 dwt  dely Ghent 21/24 Apr  trip via EC South America redel Singapore-Japan rge $88000 daily - Louis Dreyfus 'Spitha' 2005 75410 dwt  dely Gijon 19/22 Apr  trip via Norfolk redel Gijon $83000 daily - Mittal 'Tian Hua Feng' 2001 73996 dwt  dely Ghent 25/30 Apr  trip via EC South America redel Singapore-Japan rge $87000 daily - Alfred C.Toepfer 'Genco Leader' 1999 73941 dwt  dely Gijon 20/25 Apr  trip via EC South America redel Singapore-Japan rge $88000 daily - cnr 'Cymbeline' 2001 73081 dwt  dely Taichung 20/24 Apr 4/6 months trading redel worldwide $67000 daily - Swiss Marine 'Tai Plenty' 2000 73060 dwt  dely Cape Passero 22/24 Apr 2 laden legs redel Skaw-Cape Passero $77000 daily - ABT 'General Guisan' 1999 73035 dwt  dely San Cyprian 28/30 Apr 4/6 months trading redel worldwide $81000 daily - Norden 'Monte Pelmo' 2000 72876 dwt  dely Ghent 25/30 Apr 5/7 months trading redel $76000 daily - United 'Hua Shan Hai' 1998 72769 dwt  dely S.Korea 25/30 Apr 5/7 months trading redel worldwide $69000 daily - cnr 'Giovanni' 1996 72394 dwt  dely Zhoushan 22/25 Apr 4/6 months trading 1st leg Abbot Point/Argentina redel worldwide $71500 daily - European chrtr 'Harmony Falcon' 1982 65960 dwt  dely Lanshan 17/19 Apr  trip via N.China redel India $37000 daily - cnr 'HS Acacia' 1983 65224 dwt  dely Bin Qasim 24/28 Apr  trip via WC India redel China $61000 daily - Zhangang Shipping 'Atlantic Sun' 1987 64200 dwt  dely Longkou 23/27 Apr  trip via N.China redel India $52000 daily - Sinotrans 'Tai Honesty' 2007 55418 dwt  dely North China 20/23 April 9/11 months trading redel worldwide approx $54000 daily - Klaveness 'Thermidor' 2007 53500 dwt  dely Rizhao 21/23 April  trip redel Atlantic approx $36000 daily - STX Pan Ocean 'Star Omicron' 2005 53489 dwt  dely Shanghai spot  trip South-east Asia redel Singapore-Japan approx $45000 daily - cnr 'Canton Trader' 2003 52454 dwt  dely Xiamen 24/26 April 6/8 months trading redel worldwide $54000 daily - Norden

'Ocean Morning' 2001 52404 dwt  dely Mumbai 21/24 April trip via east coast South America redel Far East approx $64000 daily - cnr

'Malto Blossom' 2003 50307 dwt  dely Toyohashi 22/24 April  trip via Indonesia redel Singapore-Japan $31000 daily - PCL

'Great Prestige' 1998 46193 dwt  dely Zoushan 18/24 April  trip redel East Coast India approx $33500 daily - Daeyang

'Noa' 1985 Armada relet 43590 dwt  dely Santa Marta 28/30 April trip via north coast South America redel Continent $70000 daily - cnr

'Protector' 1984 42833 dwt  dely Dneprobugsky 22/24 April trip via Black Sea/Persian Gulf redel PMO $46500 daily - Diler 'Pontoporos' 1984 29155 dwt  dely Durban early May trip redel Lisbon $49000 daily - Dreyfus

ORE
'Grand Mirsinidi' 1993 160000/10 Ponta da Madeira/Qingdao 5/14 May $72.00 fio scale/30000sc - STX Pan Ocean 'CVision' 2008 160000/10 Tubarao/Qingdao 5/10 May $72.00 fio scale/30000sc - Transfield

The Daily Fixtures report - 17/04/2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

BDI 8038 UP 71
BCI 11337 UP 39
BPI 8414 UP 126
BSI 4797 UP 48
BHSI 2409 UP 24

TIMECHARTER
'Cape Condor' 2004 180181 dwt  dely Dunkirk 26/29 Apr  trip via Brazil redel China $178800 daily - TMT 'Aquajoy' MOSK relet  2003 171009 dwt  dely S.Japan 24/26 Apr  trip via Roberts Bank redel Continent $95000 daily 1st 55 days $145000 daily for the balance
-
Korea Line
'Orange Truth' 2006 83051 dwt  dely Gijon 29/30 Apr  trip via St.Lawrence redel Japan $97000 daily - MOSK 'London 2012' 2007 82560 dwt  dely Port Talbot 23/25 Apr 6/8 months trading redel worldwide $80000 daily - cnr 'Cemtex Wisdom' 2004 77598 dwt  dely Lumut 26/28 Apr  trip via Indonesia redel Taiwan $62500 daily - Daebo 'Beteigueze' 2007 77063 dwt  dely Xingang 20/25 Apr 3/5 months trading redel worldwide $72000 daily - Louis Dreyfus - 'Delphinus' 2007 76948 dwt  dely Jorf Lasfar 22/24 Apr  trip via Nouadhibou redel Dunkirk $86000 daily - Mittal 'Lowlands Maine' 2007 76784 dwt  dely Ulsan 23/25 Apr  trip via NoPac redel Singapore-Japan rge $64000 daily - Louis Dreyfus 'Medi Taipei' 2003 76633 dwt  dely Taiwan 29/30 Apr  2 laden legs redel Singapore-Japan rge $64000 daily - Daebo 'Double Prosperity' 2005 76633 dwt  dely Cape Passero 1/3 May balance of period
31 aug/30 Sept redel worldwide $78500 daily - GMI 'Pantazis L' 2003 76629 dwt  dely Taiwan 23/25 Apr  trip via Indonesia redel China $60000 daily - Danzas - 'Mulberry Wilton' 2004 76453 dwt  dely PMO 29 Apr/5 May  trip via Richards Bay redel Malaysia $75000 daily - Cargill 'Arethusa' 2001 75320 dwt  dely PMO 26 Apr/2 May  trip via EC South America redel Singapore-Japan rge $74000 daily - Cargill 'Alpha Afovos' 2001 74427 dwt  dely Phu My 20/25 Apr  trip via Indonesia redel Japan $71500 daily - NYK 'Medi Roma' 2001 74255 dwt  dely Genoa 22/24 Apr  trip via EC South America redel China $83000 daily - Chinese chrtr 'Tian Du Feng' 2001 74201 dwt  dely Immingham 18/25 Apr 5/7 months trading redel worldwide $77500 daily - Cargill 'Felicia' Cosco relet 1997 72456 dwt  dely Cape Passero 18/20 Apr 4/6 months trading $76000 daily - Swiss Marine 'Tarang' 1989 70321 dwt  dely Hamburg 18/20 Apr  trip via EC South America redel Singapore-Japan rge $79000 daily - Chinese chrtr 'SD Nova' 1996 70108 dwt  dely Inchon 17/24 Apr  trip via West Australia redel Bin Qasim $65000 daily - Noble
'YM Cultivation' Morgan Stanley relet 1997 69163 dwt      -  corrects the
dwt of
ship from 60163>
'Bela Mondo' 1994 69087 dwt  dely Singapore-Japan rge June/Nov 2008 5 years trading redel worldwide $35000 daily - Italian chrtr 'Alkaios' 1985 66234 dwt  dely ex dry dock Piraeus 20/22 Apr  trip via Kamsar redel Stade approx $52500 daily - Proline 'Theodoros P'  Glencore relet 1980 64957 dwt  dely retro Palermo 8 Apr trip via EC South America redel Skaw-Cape Passero $54000 daily - Bunge 'Panormos Trader' 1983 63942 dwt  dely Cartagea 25/30 Apr  trip via EC South America redel Skaw-Cape Passero $53000 daily - Louis Dreyfus 'Vinashin Moonstone' 1984 62332 dwt  dely Cape Passero 20/25 Apr  trip via US Gulf or EC South America in chop redel Skaw-Cape Passero $63000 daily - Cargill 'Arya Payk' 2006 53565 dwt  dely Kaohsiung 22/25 April  trip via Australia redel North China $44000 daily - Richmark 'Gecon 1' 2005 52485 dwt  dely Zhoushan 27/30 April 4/6 months trading redel worldwide $54000 daily - Cargill 'Akili' 2001 52301 dwt  dely Lanshan 17/18 April  trip via Indonesia redel Pakistan $42500 daily - Shadab 'Pacific Dolphin' 1996 49047 dwt  dely Changjiangkou 19/20 April  trip via South-east Asia redel China approx $44000 daily - Eastern Ocean 'Bibi M' 1984 47879 dwt  dely PMO 19/26 April  trip via India or in charterers option South Africa redel Singapore-Japan $45000 daily - Oldendorff 'Jag Riddhi' 1997 47240 dwt  dely Lianyungang 20/25 April  trip via Australia intention concentrates redel Continent $35000 daily - Oldendorff 'Gingko' 1984 43346 dwt  dely Yangtze River 27 April/5 May  trip via PG redel PMO $40000 daily - Chinese charterer 'Agia Thalassini 1' 1984 36850 dwt  dely Leixoes 18/23 April trip via east coast South America redel Mediterranean $42000 daily - Alfred C. Toepfer 'Great Mary' 2000 31632 dwt  dely Singapore spot trip via West Australia redel Indonesia approx $30000 daily - Austbulk 'Clipper Treasure' 2007 30000 dwt  dely Indonesia spot trip via Nopac redel south east Asia $27000 daily - cnr 'Sacura' 1981 27082 dwt  dely Up River 1/10 May trip redel west coast South America $53000 daily - Clipper 'Sea Baisen' 1998 26613 dwt  dely Cape Town end April trip via South Africa redel north coast South America-St Lawrence range $42600 daily - Atlas Shipping 'Skyros' 1998 24128 dwt  dely Kakogawa spot trip redel south east Asia $20000 daily - SK Shipping 'Vanda Naree' 1985 23849 dwt  dely Adriatic 20/25 April  2/3 laden legs redel Aden-Japan $32500 daily - Oldendorff

The Daily Fixtures Report - 16/04/2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

BDI  7967 UP    10
BCI 11298 DOWN 161
BPI  8288 UP   128
BSI  4749 UP    44
BHSI 2385 UP    24

TIMECHARTER
'Nord Steel' 2007 180320 dwt  dely retro Qingdao 2 Apr  trip via Brazil redel China $130000 daily - Glory Wealth 'Anangel Explorer' Pan Ocean UK relet 2007 171927 dwt  dely Qingdao 21/23 Apr trip via EC Australia redel Cape Passero $85000 daily 1st 55 days balance average of BCI timecharter - TMT 'Anangel Explorer' Crownland relet 2007 171927 dwt  dely Qingdao 21/23 Apr
4/6
months trading redel worldwide $139000 daily - Pan Ocean UK 'Azur' TMT relet 2007 82282 dwt  dely Shanghai 26/29 Apr  trip via West Australia redel China $58500 daily - Chinese chrtr 'Avoca' 2004 76629 dwt  dely Fukuyama 20/22 Apr  trip via Newcastle redel Taiwan $59000 daily - Bocimar 'Pantazis L' 2003 76629 dwt  dely Taiwan 23/25 Apr 23/25 Apr  trip via Indonesia redel China $60000 daily - Danzas 'GH Power' 2002 76421 dwt  dely Xingang 22/24 Apr 4/6 months trading redel worldwide $72000 daily - Crownland 'Nordems' 2001 75252 dwt  dely Fukuyama 24/28 Apr 4/6 months trading 1st leg NoPac/Iraq redel worldwide $74000 daily - Brave Bulk Transport 'Maddalena D'Amato' 2001 74716 dwt  dely Amsterdam 20/22 Apr  trip via Narvik & Iskenderun redel Cape Passero $76000 daily - Cerraghil 'Primrose' Sinochart relet 2001 74710 dwt  dely Amsterdam 21/26 Apr  trip via USEC redel India $87000 daily - Noble 'Miden Max' 1993 73767 dwt  dely Porto Torres 18/25 Apr  trip via Kamsar redel Fos $75000 daily - Baumarine 'Bunga Saga 9' 1999 73127 dwt  dely S.Japan 23/25 Apr balance of period end July/ely Aug redel worldwide $62500 daily - TMT 'Shekou Sea' 1996 72934 dwt  dely Taichung 18/20 Apr  trip via Indonesia redel Continent $48000 daily - Norden 'Birthday' 1993 70740 dwt  dely retro Rizhao 4 Apr  trip via NoPac redel Singapore-Japan range $52500 daily - Louis Dreyfus 'Full Beauty' 1994 70190 dwt  dely Taiwan 23/29 Apr  trip via Indonesia redel Japan $60000 daily - Shinwa 'Shi Dai 3' 1994 69659 dwt  dely Houston 6/10 May 3/5 months trading redel worldwide $75000 daily + $1.35 million bb - CTP 'Tong Ying' 1989 66758 dwt  dely Mumbai 26/28 Apr 5/7 months trading redel worldwide $51500 daily - Essar 'YM Cultivation' Morgan Stanley relet 1997 60163 dwt  dely Wakayama 16/20 Apr trip via NoPac redel Bin Qasim $70000 daily - Noble 'African Blue Crane' 2007 56000 dwt  dely Kanda 21/23 April  3/5 months trading redel worldwide approx $54000 daily - Norden 'Yasa H Mulla' 2002 52383 dwt  dely Chennai 23/25 April  trip redel China $68000 daily - Brownstone 'Nyala' 2006 52346 dwt  dely Map Ta Phut 20/23 April 3/5 months trading redel worldwide approx $55250 daily - Eitzen 'Jin Quan' 2002 51104 dwt  dely Rizhao 16/19 April  trip via South-east Asia redel China $45000 daily - Tongli 'Xanadu' 2001 DBCN relet 50169 dwt  dely Gabes 23/30 April min 120/max 170 days trading redel worldwide $62500 daily - STX Pan Ocean 'Arctic Trader' 1993 48170 dwt  dely Kaoshiung 25/27 April  trip via Indonesia intention concentrates redel Med $37500 daily - Furness Withy 'Yong An 3' 1996 44109 dwt  dely Dneprobugsky 17/18 April trip via Black Sea redel India $52000 daily - cnr
'Lipica' 1998 42556 dwt      -  are incorrect>
'George Lyras' 1984 35730 dwt  dely Dublin 23/30 April  trip via Continent redel Turkey $50000 daily - Copenship 'Sealink' 1983 28234 dwt  dely Tampa 21/25 April trip via Caribbean Sea redel Black Sea $43000 daily - Navision

ORE
'Scope' Cargill relet 2006 160000/10 Dampier/Qingdao 5/15 May $28.50 fio scale/30000sc - Rio Tinto 'Tian Sheng Hai' 1997 160000/10 Dampier/Qingdao 5/15 May $28.50 fio scale/30000sc - Rio Tinto

COAL
'RWE TBN' 160000/10 Richards Bay/Rotterdam 5/19 May $37.15 fio scale/25000sc - Cargill

The Daily Fixtures Report - 15/04/2008

Technorati Tags: Baltic Dry Index,Baltic Dry Indices

BDI  7957 DOWN   4
BCI 11459 DOWN 128
BPI  8160 UP    81
BSI  4705 UP    20
BHSI 2361 UP    12

TIMECHARTER
'Pacific Explorer' 2007 177643 dwt  dely Rotterdam 15/20 May  trip via Brazil redel Continent $130000 daily - Classic Maritime - 'Dong-A Rhea' Swiss Marine relet 1993 149505 dwt  dely Zhanjiang 21/23 Apr trip via West Australia redel China $122500 daily - Rio Tinto 'Priscilla Venture' 2008 77283 dwt  dely Antwerp 16/20 Apr  transatlantic round redel ARA rge $75000 daily - cnr 'Mineral Star' 2005 76286 dwt  dely aps Mobile 21/24 Apr  trip redel ARA $70000 daily + $1.00 million bb - STX Pan Ocean
'Nord Orion' 2006 75318 dwt      -  America redel China>
'Danae' Transfield relet 2001 75106 dwt  dely Worldwide Apr/Jun 12 months trading redel worldwide $71000 daily - Navios - 'Rosalia D'Amato' 2001 74710 dwt  dely Taiwan 20/22 Apr 4/6 months trading redel worldwide $71000 daily - United - 'F.D. Salvatore Pollo' 2007 74483 dwt  dely Rotterdam 16/18 Apr  trip via Norfolk via Turkey redel Cape Passero $71000 daily - Sigma
'Suryawati' 1996 69124 dwt      -
'Bao Shan Hai' 1991 64909 dwt  dely Huangpu 16/18 Apr  trip via Cape Cuvier redel Ningbo $49000 daily - Rio Tinto 'Eleni M' 2001 50992 dwt  dely Calabar, Nigeria 22/30 Apr min 5/max 7 months trading redel worldwide $64300 daily - Clipper 'Lipica' 1998 42556 dwt  dely Kwangyang 18/20 April  trip via South-east Asia redel China approx $35000 daily - Skaarup Fortune 'Adrianople' 1984 37752 dwt  dely USGulf end April  trip redel West Africa $56000 daily - Lalemant 'Pos Auckland' 2003 28678 dwt  dely Naoshima 15/20 April 3/5 months trading redel Singapore-Japan range $36150 daily - PCL 'Virginia' 1985 26523 dwt  dely Surabaya 20/22 April trip via Indonesia redel China approx $28000 daily - Tongli

ORE
'Bulk Australia' 2003 160000/10 Ponta Da Madeira/Qingdao 1/10 May $72.00 fio
scale/30000c - Transfield

Daily Summary of Baltic Exchange Dry Indices 14 April 2008

Baltic Exchange Dry Index TM 7961 (UP 72)

Baltic Exchange Capesize Index TM 11587 (UP 103)

Baltic Exchange Panamax Index TM 8079 (UP 115)

Baltic Exchange Supramax Index TM 4685 (UP 21)

Baltic Exchange Handysize Index TM 2349 (UP 2)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $133881 (UP 1011)

BPI    Average of the T/C routes $65031 (UP 926)

BSI    Average of the T/C routes $48985 (UP 217)

BHSI  Average of the T/C routes $34163 (UP 14)

Baltic Exchange Capesize Index     11587     (UP 103)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.155 -0.050

C3 150000mt Tubarao - Beilun/Baoshan 15 73.758 0.170

C4 150000mt Richards Bay - Rotterdam 5 37.091 0.605

C5 150000mt W Australia - Beilun/Baoshan 15 30.377 0.604

C7 150000mt Bolivar - Rotterdam 5 35.350 0.086

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 126250 509

C9_03 172000mt Continent/Mediterranean trip Far East 5 183077 231

C10_03 172000mt Pacific RV 20 135115 2307

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 91083 1000

C12 150000mt Gladstone - Rotterdam 10 48.895 0.286

Average of the T/C Routes 133881 1011

Baltic Exchange Panamax Index     8079     (UP 115)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 71982 1294

P2A_03 74000mt SKAW-GIB/FAR EAST 25 82545 1057

P3A_03 74000mt Japan-SK/Pacific/RV 25 57700 748

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 47897 605

Average of the T/C Routes 65031 926

Baltic Exchange Supramax Index     4685     (UP 21)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 63100 360

S1B Canakkale Trip Far East 12.5 61475 193

S2 Japan - SK / NOPAC or Australia rv 25 40454 358

S3 Japan - SK Trip Gib - Skaw range 25 35380 -5

S4A US Gulf - Skaw-Passero 12.5 82140 195

S4B Skaw-Passero - US Gulf 12.5 33495 277

Average of the T/C Routes 48985 217

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

S5 W.Africa via ECSA to FarEast 0 68325 645

S6 Jpn-SK trip via Aus/India 0 40414 428

S7 EC India - China 0 64271 354

Baltic Exchange Handysize Index     2349     (UP 2)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 28686 307

HS2 Skaw - Passero trip Boston - Galveston 12.5 28957 293

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 48833 872

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 47915 110

HS5 SE Asia trip via Australia to Singapore - Japan 25 30321 -393

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 29136 -343

Average of the T/C Routes 34163 14

The Daily Fixtures report - 14/04/2008

BDI 7961 UP 72
BCI 11587 UP 103
BPI 8079 UP 115
BSI 4685 UP 21
BHSI 2349 UP 2

TIMECHARTER
'Kassos Warrior' 1986 194744 dwt  dely Beilun 25/30 Apr 4/6 months trading redel worldwide $110000 daily - Swiss Marine 'Mineral Hokkaido' newbuilding 2008 180000 dwt  dely ex yard Imabari 16/18 Apr
2 round voyages via West Australia redel China $137500 daily - BHP Billiton 'Genco London' Transfield relet 2007 177853 dwt  dely Yantai 20/30 Apr 4/6 months trading redel worldwide $140000 daily - Swiss Marine 'Prigipos' 2007 92474 dwt  dely Rotterdam 12/14 Apr  trip via EC South America redel ARA rge $77000 daily - cnr 'Apollo' 2006 77326 dwt  dely Porto Vesme 12/14 Apr  trip via EC South America redel Singapore-Japan rge $83250 daily - Glory Wealth 'Alessandro Volta' 2005 76806 dwt  dely retro Cape Passero 11 Apr 2 laden legs trip redel Singapore-Japan rge $85000 daily - Louis Dreyfus 'Nord Orion' 2006 75318 dwt  dely Mundra 25/30 Apr  trip redel China $77000 daily - Louis Dreyfus 'GH Resources' 2002 75214 dwt  dely Haili 16/20 Apr  trip Indonesia redel Spain $44000 daily - cnr 'Clare' 2005 74500 dwt  dely Ghent 16/17 Apr  transatlantic round redel Barcelona-Hamburg rge $75000 daily - Transgrain 'Clio' 2005 74000 dwt  dely Cape Passero 15/17 Apr  2 laden legs redel Singapore-Japan rge $80000 daily - Louis Dreyfus 'Song Shan Hai' 1998 73605 dwt  dely Jorf Lasfar 16/17 Apr  trip via EC South America redel China $85550 daily - cnr 'Samjohn Light' 1994 71756 dwt  dely Porto Vesme 12/15 Apr 2 laden legs 1st Trombetas/US Gulf redel Skaw-Cape Passero $74150 daily - D'Amato 'Fu Tong' 1998 71330 dwt  dely Hirohata 18/22 Apr  trip via NoPac redel Singapore-Japan rge $56000 daily - STX Pan Ocean 'Energy' 1993 69255 dwt  dely Antwerp 19/20 Apr  trip via River Plate redel Far East $74000 daily - TMT 'Suryawati' 1996 69124 dwt  dely Mailiao 12/14 Apr  trip via Indonesia redel Singapore-Japan rge $52000 daily - S.Korean chrtr 'Syros' 1981 63325 dwt  dely Rotterdam 10/12 Apr  trip via N.France redel Aqaba $60000 daily - Glencore 'Pos Island' 2006 55710 dwt  dely Lianyungang 25/30 April 12 months trading redel worldwide $55000 daily - North China Shipping 'Ioannis K' 2001 51557 dwt  dely Xingang spot  2 laden legs 60-90 days trading redel Singapore-Japan approx $49000 daily - Noble 'Maritime Cuate' 2002 50244 dwt  dely Haldia 16/25 April  trip redel China $65000 daily - Brownstone 'Delta Ranger' 1995 43108 dwt  dely West Coast India spot  trip redel USGulf approx $35000 daily - cnr 'Samos Sky' 1981 38250 dwt  dely Santos prompt trip redel Continent $41000 daily
+ $450000 - Dreyfus
'Palau' 2003 31837 dwt  dely Dunkirk 18/22 April trip via Continent redel PMO/India range $49500 daily - cnr

ORE
'Formosabulk Brave' 2001 160000/10 Port Hedland/Qingdao 25 Apr/5 May $30.50 fio scale/30000sc - BHP Billiton 'Great Navigator' 2006 160000/10 Port Hedland/Qingdao 5/15 May $29.75 fio scale/30000sc - BHP Billiton
'Cape Heron' 2005  /    -  reported 11/04>

COAL
'TBN' 160000/10 Richards Bay/Rotterdam 25 Apr/10 May $37.00 fio scale/25000sc - BHP Billiton 'Greta R' Daebo relet 1989 70000/10 IBT/Bridgeport 25/30 Apr $46.00 fio 35000sc/20000sc - Louis Dreyfus

Daily Summary of Baltic Exchange Dry Indices 11 April 2008

 

Baltic Exchange Dry Index TM 7889 (UP 66)

Baltic Exchange Capesize Index TM 11484 (UP 118)

Baltic Exchange Panamax Index TM 7964 (UP 98)

Baltic Exchange Supramax Index TM 4664 (DOWN 1)

Baltic Exchange Handysize Index TM 2347 (UP 7)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $132870 (UP 1288)

BPI    Average of the T/C routes $64105 (UP 790)

BSI    Average of the T/C routes $48768 (DOWN 13)

BHSI  Average of the T/C routes $34149 (UP 88)

Baltic Exchange Capesize Index     11484     (UP 118)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.205 0.187

C3 150000mt Tubarao - Beilun/Baoshan 15 73.588 0.442

C4 150000mt Richards Bay - Rotterdam 5 36.486 0.691

C5 150000mt W Australia - Beilun/Baoshan 15 29.773 0.478

C7 150000mt Bolivar - Rotterdam 5 35.264 0.173

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 125741 1241

C9_03 172000mt Continent/Mediterranean trip Far East 5 182846 942

C10_03 172000mt Pacific RV 20 132808 1885

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 90083 1083

C12 150000mt Gladstone - Rotterdam 10 48.609 0.341

Average of the T/C Routes 132870 1288

Baltic Exchange Panamax Index     7964     (UP 98)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 70688 846

P2A_03 74000mt SKAW-GIB/FAR EAST 25 81488 638

P3A_03 74000mt Japan-SK/Pacific/RV 25 56952 947

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 47292 727

Average of the T/C Routes 64105 790

Baltic Exchange Supramax Index     4664     (DOWN 1)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62740 145

S1B Canakkale Trip Far East 12.5 61282 96

S2 Japan - SK / NOPAC or Australia rv 25 40096 -27

S3 Japan - SK Trip Gib - Skaw range 25 35385 -335

S4A US Gulf - Skaw-Passero 12.5 81945 60

S4B Skaw-Passero - US Gulf 12.5 33218 325

Average of the T/C Routes 48768 -13

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

S5 W.Africa via ECSA to FarEast 0 67680 1030

S6 Jpn-SK trip via Aus/India 0 39986 -69

S7 EC India - China 0 63917 563

Baltic Exchange Handysize Index     2347     (UP 7)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 28379 343

HS2 Skaw - Passero trip Boston - Galveston 12.5 28664 285

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 47961 461

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 47805 215

HS5 SE Asia trip via Australia to Singapore - Japan 25 30714 -61

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 29479 -238

Average of the T/C Routes 34149 88

The Daily Fixtures Report - 11/04/2008

BDI  7889 UP  66
BCI 11484 UP 118
BPI  7964 UP  98
BSI  4664 DOWN 1
BHSI 2347 UP   7

TIMECHARTER
'Mineral Hokkaido' 2008 180000 dwt  dely Worldwide Jun/July 2008 3 years trading redel worldwide $109000 daily - Cosco Hong Kong - 'Shagang Sunrise' STX  Pan Ocean relet 1997 172907 dwt  dely Qingdao 26/28 Apr
4/6 months trading redel worldwide $139000 daily - Classic Maritime 'Nightflight' 2004 170002 dwt  dely retro Xingang 30 Mar  trip via Richards Bay redel Skaw-Cape Passero $80000 daily - Swiss Marine 'Tai Shan' BHP Billtion relet 1999 169147 dwt  dely Port Kembla 20/25 Apr trip via EC Australia redel Skaw-Cape Passero $75000 daily + $975000 bb - Swiss Marine 'Cotswold' 1986 151016 dwt  dely Baoshan 15/17 Apr  trip via West Australia redel China $111500 daily - SK Shipping
'Collonges' 1993 149391 dwt      -  the Cologny was incorrectly reported
10/04>
'Red Jasmine' 2006 76662 dwt  dely Tanjung Bi 13/15 Apr  trip via Dampier redel Taiwan int salt $70000 daily - Armada 'Anna Smile' Sinochart relet 2004 74500 dwt  dely Hong Kong 18/20 Apr 4/6 months trading redel worldwide $71000 daily - BHP Billiton 'Lilian Z' 1999 74461 dwt  dely Worldwide 15 oct/1 Dec 2008 3 years trading redel worldwide average $46500 daily - Setsea 'Tian Tong Feng' 2001 74275 dwt  dely Stade 11/13 Apr 4/6 months trading redel worldwide $75500 daily - Cargill 'Scythia Graeca' 2002 74133 dwt  dely Shanghai 15/16 Apr 4/6 months trading redel worldwide $70000 daily - Cargill - 'General Guisan' 1999 73035 dwt  dely San Cyprian 27/28 Apr balance of period abt 4/6 months trading redel worldwide $77500 daily - CTP 'Alpha Future' 1999 72700 dwt  dely Lanshan 13/18 Apr 4/6 months trading redel worldwide $71250 daily - BHP Billiton 'Theotokos' 1984 71242 dwt  dely Shanghaiguan end Apr  trip via N.China redel Taiwan $45000 daily - Jinyang 'Peoria' 1996 70231 dwt  dely Lanshan 13/16 Apr  trip via Newcastle redel S.Korea $60000 daily - Daebo 'Full Sources' 1994 69573 dwt  dely Tsuruga 25/30 Apr  trip via NoPac redel Far East $54000 daily - Cargill 'Joyous World' 1995 69286 dwt  dely Rio Grande 27/29 Apr  trip via EC South America redel Singapore-Japan rge $77000 daily plus $1.6 million bb - Glory Wealth 'Yue Dian 5' 1997 69091 dwt  dely Porto Torres 20/30 Apr 4/6 months trading redel worldwide $71750 daily - Rizzo-Bottiglieri-De Carlini Armatori Spa 'Navios Gemini S' 1994 68636 dwt  dely PMO 11/13 Apr  trip via WC India redel China $65000 daily - ETA 'M.Faruk' 1984 63493 dwt  dely Ghent 10/14 Apr  trip via US Gulf redel Turkey $48000 daily - The Rice Co 'Poseidon SW' 2008 55800 dwt  dely ex yard Japan 16/18 April  trip via South-east Asia redel India $41500 daily - Cargill 'Kang Hong' 2005 55589 dwt  dely Port Canaveral 20/25 April  trip via USGulf redel Singapore-Japan $79500 daily - TMT
'Ocean Pearl' 2004 55557 dwt      -  has failed>
'Fassa' 2006 55447 dwt  dely Haldia 18/20 April  trip redel China $72500 daily
-
'Dubai Energy' 2004 55389 dwt  dely Indonesia 20/25 April  trip redel East Coast India $45000 daily + $250000 bb - cnr 'Jin Xing' 2007 55300 dwt  dely Black Sea 16/18 April balance of period up to 4 September 2008 redel worldwide $60000 daily - Korea Line 'Topaz' 1985 46874 dwt  dely Kohsichang 14/16 April  trip redel Continent $35000 daily - The Rice Company 'Konkar Georgis' 1996 46670 dwt  dely Alicante 17/25 April  2 laden legs redel Atlantic $54000 daily - Cargill 'Hui Shun Hai' 1984 38033 dwt  dely USGulf 25/30 April 3/4 months trading redel USEC-USGulf $47000 daily - Armada 'Halis Kalkavan 1984 36800 dwt  dely USGulf 20/27 April 2/3 laden legs redel USAC-USgulf $52000 daily - Armada

ORE
'CHS Magnificence' 2006 160000/10 Itaquai/Qingdao 29 Apr/8 May $79.50 fio
scale/30000sc - Solebay
'Shagang TBN' 160000/10 Tubarao/Qingdao 5/15 May $73.50 fio scale/30000sc -
STX
Pan Ocean
'CHS Creation' 2006 160000/10 Port Hedland/Qingdao 10/20 May $29.75 fio
scale/30000sc - BHP Billiton
'RM Hunter' ex Marine Hunter Pacific Bulk relet 1984 150000/10
Itaquai/Qingdao
25 Apr/4 May $78.00 fio scale/30000sc - Noble

COAL
'Pina Cafiero' 2002 70000/10 Baltimore/Eregli 1/10 May $36.00 fio
35000sc/25000sc - Constellation

The Daily Fixtures Report - 10/04/2008

BDI  7823 UP   63
BCI 11366 UP  103
BPI  7866 UP  140
BSI  4665 DOWN 42
BHSI 2340 UP    8

TIMECHARTER
'Bulk Hong Kong' Transfrield relet 2006 180000 dwt  dely Shanghai 24/25 Apr
4/6
months trading redel worldwide $140000 daily - Louis Dreyfus 'Chou Shan' 2005 175589 dwt  dely Worldwide July 2008 15/17 months trading redel worldwide $130000 daily - Classic Maritime 'Cologny' 1992 149477 dwt  dely Zhoushan 10/15 Apr  trip via Australia redel Skaw-Cape Passero $75000 daily 1st 55 days $120000 daily for balance - SK Shipping 'Billion Trader I' 2007 82050 dwt  dely retro PMO 8 Apr  trip via EC South America redel Singapore-Japan rge $73750 daily - Noble 'Clara' 2006 77073 dwt  dely Rizhao 17/19 Apr 3/5 months trading redel worldwide $71250 daily - European chrtr 'Maritime Suzana' 2005 76614 dwt  dely Inchon 12/17 Apr  trip via NoPac redel Far East $53500 daily - TMT 'Torm Tina' 2001 75971 dwt  dely Philippines 25/27 Apr 4/6 months trading redel worldwide $70750 daily - GMI
'Loch Alyn' 2005 75845 dwt      -
'Medi Cagliari' 2004 75772 dwt  dely Fos 11/13 Apr  transatlantic round redel Skaw-Cape Passero $70000 daily - Mittal 'Ligari' 2004 75583 dwt  dely S.Japan 20/22 Apr  trip via NoPac redel Singapore-Japan rge $57500 daily - S.Korean chrtr 'Oceanis' 2001 75211 dwt  dely Cape Passero 20/22 Apr 4/6 months trading redel worldwide $75000 daily - Bunge 'Pavian' 2001 74710 dwt  dely Shanghai 13/15 Apr  trip via N.China redel Continent $47500 daily - Norden
'Lilian Z' 1999 74461 dwt      -
'Goldbeam Trader' 2001 74247 dwt  dely Fukuyama 28/30 Apr  trip via NoPac redel Far East $55000 daily - Noble 'Halo Cygnus' 1998 73937 dwt  dely Zhoushan 16/18 Apr  trip via Indonesia redel India $52000 daily - GPN 'General Acheron' 1999 72495 dwt  dely Amsterdam 18/20 Apr  trip via Orinoco redel China $75000 daily - Armada 'Wadi Sudr' 1994 70000 dwt  dely Setubal 8/15 Apr  trip via EC South America redel Singapore-Japan rge $77500 daily - Louis Dreyfus 'Seaflower' 1995 69125 dwt  dely Valencia 21/24 Apr  trip via EC South America redel Skaw-Cape Passero $68000 daily - Louis Dreyfus 'Theoniki' 1984 65772 dwt  dely PMO 14/19 Apr  trip via WC India redel Singapore-Japan rge $56000 daily - Noble 'Senorita' 2008 58000 dwt  dely North China 15/20 April  trip via South-east Asia redel China $42500 daily - Tongli 'Ocean Pearl' 2004 55557 dwt  dely USGulf 21/23 April  trip redel Singapore-Japan $81000 daily - TMT 'Fassa' 2006 55447 dwt  dely Haldia 18/20 April  trip redel China approx $70000 daily - Chinese charterer 'Matumba' 2005 53591 dwt  dely Zhanjiang 13/20 April 3/5 months trading redel worldwide $52000 daily - STX Pan Ocean 'Daebo Pioneer' 2007 53450 dwt  dely PMO 18/22 April  trip via South Africa redel India approx $55000 daily - Coal & Oil 'Jin Rong' 2001 50236 dwt  dely USGulf 23/25 April 3/5 months trading redel worldwide approx $67500 daily - San Juan Navigation 'Alice Oldendorff' 2000 50000 dwt  dely Shanghai 11/13 April  trip via South-east Asia redel approx $30500 daily - Bunge 'Amalfi' 2000 45526 dwt  dely Jamaica 15/17 April 2/3 laden legs redel Atlantic $57000 daily - Norden 'Gundulic' 1997 45269 dwt  dely Paranagua 11/18 April  trip redel Singapore-Japan $59500 daily + $950000 bb - Sinotrans 'Thor Jupiter' 1986 37049 dwt  dely USGulf 20/22 April  trip redel Continent $51500 daily - Bunge - 'Eastgate' 1990 27700 dwt  dely Brunsbuttel 19/21 April  2 laden legs redel Atlantic $37000 daily - cnr

ORE
'SG Prosperity' 1997 190000/10 Port Hedland/Qingdao end Apri $29.50 fio scale/30000sc - BHP Billiton 'Castillo di Catoira' 2005 160000/10 Dampier/Qingdao 20/30 Apr $28.45 fio scale/30000sc - Noble 'Cape Dover' Cargill relet 2006 160000/10 Port Hedland/Qingdao 1/10 May $29.50 fio scale/30000sc - BHP Billiton 'Anangel Ambition' Cosbulk relet 1994 160000/10 Dampier/Qingdao 25 Apr/5 May $28.50 fio scale/30000sc - Rio Tinto - 'China Progress' Cosco Hong Kong relet 2006 160000/10 Dampier/Qingdao 25
Apr/5
May $28.25 fio scale/30000sc - Rio Tinto - 'TBN' 160000/10 Itaquai/Qingdao 25 Apr/13 May $77.50 fio scale/30000sc - Noble

COAL
'Genco Vigour' 1999 70000/10 Murmansk/Gijon 14/19 Apr $26.00 fio 30000sc/15000sc
- CCC

The Daily Fixtures Report - 09/04/2008

BDI  7760 UP     6
BCI 11263 DOWN  86
BPI  7726 UP   112
BSI  4707 DOWN  11
BHSI 2332 UP     8

TIMECHARTER
'Cape Jupiter' 1997 175480 dwt  dely Beilun 23/25 Apr balance of period abt
10/12 months trading redel worldwide $137500 daily - Korea Line 'KWK Genesis' NYK relet 1996 168404 dwt  dely Rotterdam 13/15 Apr transatlantic round voyage redel Skaw-Cape Passero $119000 daily - Swiss Marine 'Global Winner' 1997 161121 dwt  dely Kwangyang 17/20 Apr  trip via Australia redel Skaw-Cape Passero $75000 daily 1st 55 days + $133000 bb - SK Shipping
'Aris T' 2007 92578 dwt      -  the rate is $92000 daily>
'Peruvian Express' 2007 82655 dwt  dely Trincomalee 11/13 Apr  trip via EC South America redel  China $74000 daily - Glory Wealth 'Giuseppe Rizzo' 2004 77684 dwt  dely Taichung 14/15 Apr  trip via Indonesia redel Spain $44750 daily - Bunge 'Alma Ata' 1999 76008 dwt  dely PMO 12/16 Apr  trip via Goa redel China $65000 daily - Noble 'Torm Rotna' EdF relet 2001 75971 dwt  dely Kaohsiung 15/17 Apr  trip via Indonesia redel Continent $45000 daily - Cargill 'Torm Tina' 2001 75966 dwt  dely Qinhuangdao 12/14 Apr  trip via N.China redel Singapore-Japan rge $56000 daily - cnr 'Loch Alyn' 2005 75744 dwt  dely Gijon 12/14 Apr  trip via EC South America redel China $84500 daily - Sinochart 'Conquistador' ex Kookabura 2000 75607 dwt  dely Mizushima 9/11 Apr  trip via NoPac redel Singapore-Japan rge $52000 daily - Louis Dreyfus 'Yasa Unity' 2006 75580 dwt  dely Qinhuangdao 15/18 Apr 3/5 months trading redel worldwide $68500 daily - Bunge 'Austin' 1995 75473 dwt  dely Antwerp 9/14 Apr  transatlantic round redel Skaw-Cape Passero $68000 daily - cnr
'Merian'  ex Cinzia D'Amato 2000 74718 dwt      -  08/04 report>
'Lilian Z' 1999 74461 dwt  dely Worldwide 15 Oct/1 Dec 60/64 months trading redel wordwide average $37000 daily - STX Pan Ocean 'Erato' 2004 74400 dwt  dely retro Ijmuiden 7 Apr  trip via EC South America redel Singapore-Japan rge $80500 daily - Noble 'Navios Felicity' 1997 73867 dwt  dely PMO 11/12 Apr  trip via WC India redel Far East $70000 daily - cnr 'Elbe Max' 1999 73148 dwt  dely Mundra 14/17 Apr  trip via Richards Bay redel Jorf Lasfar $47000 daily - Armada 'Iron Man' 1997 72861 dwt  dely Cape Passero 11/16 Apr  trip via Brazil redel Singapore-Japan rge int steels $80000 daily - STX Pan Ocean 'YM Equality' 1996 70252 dwt  dely La Spezia 7/10 Apr  trip via USEC redel Japan $76000 daily - Cargill - 'Full Beauty' 1994 70198 dwt  dely Xingang 15/17 Apr  trip via N.China redel Southeast Asia $53000 daily - cnr ' Renuar' Rizzo-Bottiglieri-De Carline Armatori relet 1993 70193 dwt  dely Kunsan 10/12 Apr  trip via South Australia redel PMO or Aden in chop $67000 daily - Golden Ocean
'Feng Shan Hai' 1994 69930 dwt      -  daily and MOL is the charterer>
'Sea Link' 1981 65015 dwt  dely retro Ancona 4 Apr  trip via US Gulf redel full Med $47000 daily - cnr
'Popi S' 1982 64916 dwt      -  Apr>
'Navios Hios' 2003 55180 dwt  dely Shanghai 10/11 April  trip via Philippines redel South China approx $45500 daily - Eitzen 'Spar Gemini' 2007 53000 dwt  dely West Coast India 14/18 April  trip redel Singapore-Japan approx $67500 daily - Trustworth 'Rosita' 2004 52292 dwt  dely Jakarta 15/25 April  trip via Indonesia redel India approx $44750 daily - Visa 'Cos Fair' 1999 46689 dwt  dely South China 12/14 April  trip via South-east Asia redel India approx $37000 daily - Eitzen

ORE
'Alpha Cosmos' Swiss Marine relet 2001 160000/10 Itaquai/Qingdao 25 apr/ely May $78.00 fio scale/30000sc - RGL 'Tian Lu Hai' Crownland relet 2005 160000/10 Itaquai/Tianjin end Apr/ely May $79.00 fio scale/15000sc - Sinobulk 'Noble TBN' 150000/10 Dampier/Qingdao 20/30 Apr $28.25 fio scale/30000sc - Rio Tinto 'Tianshunhai' 2000 150000/10 Dampier/Qingdao 20/30 Apr $28.25 fio scale/30000sc
- Rio Tinto
'TBN' 150000/10 Dampier/Qingdao 20/30 Apr $28.25 fio scale/30000sc - Rio Tinto 'SD Glory' 1987 69000/10 Port Cartier/Egypt Med 15/24 Apr $40.00 fio scale/25000fhinc - EZDK 'TBN' 40000/10 Geraldton/Qingdao 10/20 May $41.00 fio 24000sc/15000sc - Sinom

COAL
'Navios Asteriks' 2005 70000/10 Drummond/Adriatic 20/30 Apr $49.50 fio 15000sc/10000sc - Enel

Daily Summary of Baltic Exchange Dry Indices 8 April 2008

Baltic Exchange Dry Index TM 7754 (UP 13)

Baltic Exchange Capesize Index TM 11349 (DOWN 5)

Baltic Exchange Panamax Index TM 7614 (UP 60)

Baltic Exchange Supramax Index TM 4718 (DOWN 10)

Baltic Exchange Handysize Index TM 2324 (DOWN 4)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $131754 (DOWN 294)

BPI    Average of the T/C routes $61288 (UP 487)

BSI    Average of the T/C routes $49333 (DOWN 108)

BHSI   Average of the T/C routes $33842 (DOWN 86)

Baltic Exchange Capesize Index     11349     (DOWN 5)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.327 -0.132

C3 150000mt Tubarao - Beilun/Baoshan 15 73.300 -0.117

C4 150000mt Richards Bay - Rotterdam 5 36.295 -0.205

C5 150000mt W Australia - Beilun/Baoshan 15 28.691 0.159

C7 150000mt Bolivar - Rotterdam 5 35.314 -0.218

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 126227 -1000

C9_03 172000mt Continent/Mediterranean trip Far East 5 182808 -1000

C10_03 172000mt Pacific RV 20 129500 885

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 88479 -63

C12 150000mt Gladstone - Rotterdam 10 48.209 -0.091

Average of the T/C Routes 131754 -294

Baltic Exchange Panamax Index     7614     (UP 60)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67303 483

P2A_03 74000mt SKAW-GIB/FAR EAST 25 78518 880

P3A_03 74000mt Japan-SK/Pacific/RV 25 54690 -12

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 44642 598

Average of the T/C Routes 61288 487

Baltic Exchange Supramax Index     4718     (DOWN 10)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62198 38

S1B Canakkale Trip Far East 12.5 61041 -150

S2 Japan - SK / NOPAC or Australia rv 25 40338 -70

S3 Japan - SK Trip Gib - Skaw range 25 38365 -380

S4A US Gulf - Skaw-Passero 12.5 81540 230

S4B Skaw-Passero - US Gulf 12.5 32475 -90

Average of the T/C Routes 49333 -108

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

S5 W.Africa via ECSA to FarEast 0 64675 625

S6 Jpn-SK trip via Aus/India 0 40223 73

S7 EC India - China 0 62188 -58 

Baltic Exchange Handysize Index     2324     (DOWN 4)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 27479 193

HS2 Skaw - Passero trip Boston - Galveston 12.5 27843 222

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 44839 500

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 47265 155

HS5 SE Asia trip via Australia to Singapore - Japan 25 31393 -486

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 30264 -393

Average of the T/C Routes 33842 -86

The Daily Fixtures Report - 08/04/2008

BDI  7754 UP 13
BCI 11349 DOWN 5
BPI 7614 UP 60
BSI 4718 DOWN 10
BHSI 2324 DOWN 4

TIMECHARTER
'Mykonos' 1981 194000 dwt  dely Rotterdam 27/30 Apr  trip via EC Canada redel China $160000 daily - Noble 'Leonidas Warrior' 1987 183316 dwt  dely Qingdao 24/25 Apr 3/5 months trading redel worldwide $110000 daily - Rio Tinto 'Transfield TBN' newbuilding 180000 dwt  dely ex Dalian 3rd-4th quarter
2009 10
years trading redel worldwide $43250 daily - Armada - 'Iron Miner' Armada relet 2007 177932 dwt  dely Dalian 14/16 Apr  trip via West Australia redel China approx $129500 daily - SK Shipping - 'Roberto Rizzo' newbuilding 176000 dwt  dely ex yard Zhoushan Jinhaiwan Shanghai area Sept 2009 10 years trading redel worldwide $42500 daily - North China Shipping (Hosco Group) 'Genco Tiberius' Cargill relet 2005 175519 dwt  dely Qingdao spot  trip via West Australia redel China $134000 daily - BHP Billiton 'Aris T' 2007 92578 dwt  dely Gibraltar 7/9 Apr  trip via Brazil redel China $97500 daily - Noble 'Spring Ocean' 2005 82787 dwt  dely Cape Passero 16/18 Apr  trip via Brazil redel China $82500 daily - Noble 'Coal Gypsy' 2006 82187 dwt  dely Cape Passero 5/10 Apr 1/2 laden legs redel Skaw-Cape Passero $70000 daily - Azure 'Giant Sky' 2008 78819 dwt  dely Nagoya 12/14 Apr  trip via NoPac redel Japan $56500 daily - MSK 'Ascanius' 2004 76878 dwt  dely Qingdao 7/10 Apr 2 laden legs redel Singapore-Japan rge $56000 daily - Oldendorff - 'Filippo Lembo' 2003 76602 dwt  dely Xingang 5/7 Apr 2 laden legs 1st Weipa/Gladstone redel Singapore-Japan rge $54000 daily - Norden 'Eleftheria' 2001 76099 dwt  dely Cigading 8/10 Apr  trip via Indonesia redel Med $50000 daily - D'Amico 'Navios Hyperion' 2004 75707 dwt  dely retro Jorf Lasfar 3 Apr  trip via EC South America redel China $82000 daily - Glory Wealth 'Navios Saggittarius' 2006 75500 dwt  dely Worldwide 1 Dec 2008/31 Jan 2009 10 years trading redel worldwide $26125 daily nett - Constellation 'Agios Raphael' 1982 75485 dwt  dely Zhoushan 9/15 Apr  trip via Xingang redel Continent $34750 daily - TMT 'Century Star' 2003 75318 dwt  dely Pohang 7/8 Apr  trip via NoPac redel Continent $50000 daily - Pioneer Navigation
'Grazia Bottiglieri' 1999 75265 dwt      -
'Samatan' 2001 74823 dwt  dely Immingham mid Apr  trip via EC South America redel China $76500 daily - Glory Wealth 'Cinzia D'Amato' Louis Dreyfus 2000 74718 dwt  dely Reclada 10/12 Apr  trip redel Far East $76000 daily $1.6 million bb - Glory Wealth
'Aldebaran' 2000 74677 dwt      -
'Padre' 2004 73613 dwt  dely Kakogawa 5/9 Apr  trip via NoPac redel Far East $56000 daily - Armada - 'Zagora' 2001 73435 dwt  dely Worldwide 1/30 July 5 years redel worldwide $39500 daily - Korea Line 'Tiara Globe' 1998 72928 dwt  dely Zhoushan 5/6 Apr  trip via EC Australia redel India approx $52250 daily - SK Shipping 'Pierre' 1996 70316 dwt  dely Mundra 18/20 Apr  trip via Richards Bay redel Jorf Lasfar $42000 daily - BHP Billiton 'Feng Shan Hai' 1994 69930 dwt  dely Muroran 8/10 Apr  trip via NoPac redel Far East $57000 daily - cnr 'Silver Mei' 1989 68676 dwt  dely Aden 9/12 Apr  trip via Richards Bay redel Skaw-Cape Passero $50000 daily - Cargill - 'Red Gardenia' 2005 68676 dwt  dely Sual 7/14 Apr 3/4 months trading redel worldwide $70000 daily - BHP Billiton - 'Neelam' 1989 68395 dwt  dely Goa 13/27 Apr  trip redel China $70000 daily
- cnr
'Popi S' 1982 64916 dwt  dely Gibraltar spot  trip via EC South America redel Spain $47000 daily - Interpec 'Gem of Kilakarai' 2005 53299 dwt  dely Navlakhi 12/18 April  trip redel China $60500 daily - cnr 'Rea' 2003 53125 dwt  dely Hazira 9/10 April  trip redel China $64500 daily
-
cnr
'Josco Nanjing' 2003 49236 dwt  dely Ningbo 15/20 April  trip redel Continent $37500 daily - Chinese account 'Ocean Bridge' 1998 45766 dwt  dely Mobile 10/15 April  trip via Port Arthur redel UK $73000 daily - Peninsular 'Ocean Trader' 1987 39833 dwt  dely Diliskelesi spot  trip via Black Sea redel Rio Haina $27000 daily - cnr 'Pos Jade' 2006 31886 dwt  dely Cairns 9/11 April  trip redel Singapore-Japan $40000 daily - Grand View

The Daily Fixtures Report - 07/04/2008

BDI 7741 UP 4
BCI 11354 UP 28
BPI 7554 UP 2
BSI 4728 DOWN 5
BHSI 2328 DOWN 10

TIMECHARTER
'Clipper Devon' 2005 82922 dwt  dely Xiamen 9/10 April trip via Indonesia redel Taiwan $55000 daily - Sunwoo 'Grazia Bottiglieri' 1999 75265 dwt  dely PMO spot trip via India redel China $61000 daily - Brownstone 'Ever Mighty' 1996 75265 dwt  dely El Dekheila 7/8 April trip via Black Sea redel Far East $75000 daily - Richstone 'Aldebaran' 2000 74677 dwt  dely Piombino 12/15 April Transatlantic round voyage redel Skaw-Passero range $66000 daily - cnr 'Alpha Melody' 2002 74374 dwt  dely Taichung 9/10 April 3/5 months trading redel worldwide $70000 daily - BHP Billiton 'Kastro' 2008 58000 dwt  dely passing Gibraltar spot  trip via USGulf redel Singapore-Japan $63500 daily - cnr 'Gem of Madras' 2008 56120 dwt  dely Xingang 7/12 April  2 laden legs redel Far East approx $51500 daily - Noble 'Sibulk Quality' 2005 55707 dwt  dely Chennai spot  trip redel China approx $54000 daily - cnr - 'Grigorpan' 2002 53806 dwt  dely aps Kalimantan spot  trip redel India $39000 daily + $250000 bb - Armada 'Furness Timika' 2001 52508 dwt  dely Xingang 14/16 April  trip redel East Coast India $42000 daily - TPC 'Moorgate' Western Bulkcarriers relet 1990 45875 dwt  dely Stade 7/10 April trip redel Turkey approx $55000 daily - Copenship

ORE
'Cosco TBN' 160000/10 Tubarao/Qingdao 3/12 May $73.50 fio scale/30000 - Louis Dreyfus 'Orange Truth' 2006 70000/10 Nouadhibou/Dunkirk 10/20 April $20.00 fio 4 days sc
- Mittal -

Daily Summary of Baltic Exchange Dry Indices 4 April 2008

Baltic Exchange Dry Index TM 7737 (UP 47)

Baltic Exchange Capesize Index TM 11326 (UP 168)

Baltic Exchange Panamax Index TM 7552 (UP 6)

Baltic Exchange Supramax Index TM 4733 (DOWN 9)

Baltic Exchange Handysize Index TM 2338 (DOWN 9)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $131920 (UP 2000)

BPI    Average of the T/C routes $60797 (UP 34)

BSI    Average of the T/C routes $49486 (DOWN 96)

BHSI   Average of the T/C routes $34089 (DOWN 173)

Baltic Exchange Capesize Index     11326     (UP 168)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.491 0.132

C3 150000mt Tubarao - Beilun/Baoshan 15 73.333 0.500

C4 150000mt Richards Bay - Rotterdam 5 36.568 0.659

C5 150000mt W Australia - Beilun/Baoshan 15 28.136 0.886

C7 150000mt Bolivar - Rotterdam 5 35.532 0.091

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 127364 728

C9_03 172000mt Continent/Mediterranean trip Far East 5 183462 2962

C10_03 172000mt Pacific RV 20 128231 3231

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 88625 1083

C12 150000mt Gladstone - Rotterdam 10 48.277 0.318

Average of the T/C Routes 131920 2000

Baltic Exchange Panamax Index     7552     (UP 6)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 66613 560

P2A_03 74000mt SKAW-GIB/FAR EAST 25 77200 642

P3A_03 74000mt Japan-SK/Pacific/RV 25 55140 -353

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 44236 -714

Average of the T/C Routes 60797 34

Baltic Exchange Supramax Index     4733     (DOWN 9)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62250 -120

S1B Canakkale Trip Far East 12.5 61348 -220

S2 Japan - SK / NOPAC or Australia rv 25 40538 -300

S3 Japan - SK Trip Gib - Skaw range 25 38660 -30

S4A US Gulf - Skaw-Passero 12.5 81175 360

S4B Skaw-Passero - US Gulf 12.5 32720 -125

Average of the T/C Routes 49486 -96

Baltic Exchange Handysize Index     2338     (DOWN 9)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 27129 315

HS2 Skaw - Passero trip Boston - Galveston 12.5 27464 364

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 43783 522

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 47050 60

HS5 SE Asia trip via Australia to Singapore - Japan 25 32429 -535

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 31214 -786

Average of the T/C Routes 34089 -173

The Daily Fixtures Report - 04/04/2008

BDI 7737 (UP 47)
BCI 11326 (UP 168)
BPI 7552 (UP 6)
BSI 4733 (DOWN 9)
BHSI 2338 (DOWN 9)

TIMECHARTER

'Corossol' 1989 207784 dwt  dely South Korea 20/22 April trip via Australia redel China $134000 daily - STX Pan Ocean 'Alpha Prudence' 2008 177885 dwt  dely retro Zhanjiang 1 April 5/7 months trading redel worldwide $145000 daily - PCL 'Lowlands Orchid' 2005 176193 dwt  dely Bayuquan 15/20 April trip via West Australia redel China $125000 daily - Rio Tinto 'Star Europe' 1986 170698 dwt  dely Bayuquan 4/10 April trip via West Australia redel China $108000 daily - STX Pan Ocean 'Cape Eregli' 2000 170454 dwt  dely Qingdao 10/15 April trip via West Australia redel South Korea $130000 daily - STX Pan Ocean 'Alpha Era' 2000 170387 dwt  dely Yantai 11/15 April trip via West Australia redel China $125000 daily - Rio Tinto 'Anangel Ambition' 1994 161587 dwt  dely China 15/20 April 6/9 months trading redel worldwide $130000 daily - Classic Maritime 'C Royal' 1996 151044 dwt  dely Cigading 14/20 April trip via West Australia redel China $155000 daily - Rio Tinto 'Triton Osprey' 2007 81448 dwt  dely Chiba 14/17 April trip via West Australia redel Singapore-Japan range $56000 daily - Cosco Oceania 'Bahia' 2004 76801 dwt  dely Brake spot transatlantic round voyage redel Skaw-Passero $68000 daily option redel Far East $77000 daily - AC Toepfer 'Navios Orbiter' 2004 76602 dwt  dely Rotterdam 7/10 April trip via Narvik/Black Sea redel Passero $71000 daily - Cerrahgil 'Torm Skagen' 2006 76200 dwt  dely Nagoya 7/12 April trip via Nopac redel Singapore-Japan range $57000 daily - Dreyfus 'Medi Tokyo' 1999 74356 dwt  dely Qingdao 3/5 April trip via Nopac redel Far East $52000 daily - Sinochart 'Boreal' 2002 74181 dwt  dely Kosichang 7/9 April 3/5 months trading redel worldwide $69500 daily - BHP Billiton 'Padre' 2004 73601 dwt  dely Kakogawa 5/8 April trip via Nopac redel Singapore-Japan range $56000 daily - Armada 'Ataman' 2001 72867 dwt  dely Surabaya 11/14 April trip via West Australia/Saudi Arabia redel PMO $60000 daily - AC Toepfer 'Assimina' 1984 41096 dwt  dely Iceland 6/10 April trip via Murmansk redel Continent $44000 daily - Navision 'Yick Lee' 1982 39925 dwt  dely USGulf spot  trip redel UKCont $55000 daily
-
The Rice Company
'Hanjin Calcutta' 1997 27365 dwt  dely USGulf spot  trip redel Morocco intention Pet Coke $50000 daily - Bulktrading

ORE
'Cape Kestral' 160000/10 Port Hedland/Qingdao 20/30 April $26.00 fio scale/30000sc - Rio Tinto MISC  'ABG Keshava' 1982 30000/10 granular urea Sur (Oman)/New Mangalore 15/17 April $30.00 fio 12000 fhinc/3000 sshex - President of india

Daily Summary of Baltic Exchange Dry Indices 3 April 2008

Baltic Exchange Dry Index TM 7690 (UP 35)

Baltic Exchange Capesize Index TM 11158 (UP 206)

Baltic Exchange Panamax Index TM 7546 (DOWN 38)

Baltic Exchange Supramax Index TM 4742 (DOWN 26)

Baltic Exchange Handysize Index TM 2347 (DOWN 22)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $129920 (UP 2265)

BPI    Average of the T/C routes $60763 (DOWN 334)

BSI    Average of the T/C routes $49582 (DOWN 276)

BHSI   Average of the T/C routes $34262 (DOWN 366)

Baltic Exchange Capesize Index     11158     (UP 206)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.359 0.350

C3 150000mt Tubarao - Beilun/Baoshan 15 72.833 1.262

C4 150000mt Richards Bay - Rotterdam 5 35.909 0.432

C5 150000mt W Australia - Beilun/Baoshan 15 27.250 1.136

C7 150000mt Bolivar - Rotterdam 5 35.441 0.318

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 126636 1636

C9_03 172000mt Continent/Mediterranean trip Far East 5 180500 3808

C10_03 172000mt Pacific RV 20 125000 2654

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 87542 959

C12 150000mt Gladstone - Rotterdam 10 47.959 0.118

Average of the T/C Routes 129920 2265

Baltic Exchange Panamax Index     7546     (DOWN 38)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 66053 490

P2A_03 74000mt SKAW-GIB/FAR EAST 25 76558 283

P3A_03 74000mt Japan-SK/Pacific/RV 25 55493 -1197

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 44950 -911

Average of the T/C Routes 60763 -334

Baltic Exchange Supramax Index     4742     (DOWN 26)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62370 -155

S1B Canakkale Trip Far East 12.5 61568 -259

S2 Japan - SK / NOPAC or Australia rv 25 40838 -462

S3 Japan - SK Trip Gib - Skaw range 25 38690 -760

S4A US Gulf - Skaw-Passero 12.5 80815 875

S4B Skaw-Passero - US Gulf 12.5 32845 -225

Average of the T/C Routes 49582 -276

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

S5 W.Africa via ECSA to FarEast 0 64528 -747

S6 Jpn-SK trip via Aus/India 0 40455 -481

S7 EC India - China 0 62896 -1646 

Baltic Exchange Handysize Index     2347     (DOWN 22)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 26814 200

HS2 Skaw - Passero trip Boston - Galveston 12.5 27100 136

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 43261 386

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46990 34

HS5 SE Asia trip via Australia to Singapore - Japan 25 32964 -893

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32000 -950

Average of the T/C Routes 34262 -366

The Daily Fixtures Report - 03/04/2008

BDI  7690 UP   35
BCI 11158 UP  206
BPI  7546 DOWN 38
BSI  4742 DOWN 26
BHSI 2347 DOWN 22

TIMECHARTER
'Intrepid Clipper' 1993 151450 dwt  dely Xingang 4/8 April 4/6 months trading redel worldwide $118000 daily - Constellation 'Formosabulk Allstar' Kleimar relet 1995 150393 dwt  dely Al Jubail 11/13 Apr trip via Richards Bay redel Skaw-Cape Passero $90000 daily - Swiss Marine 'Prem Vidya' 2006 82273 dwt  dely Praia Mole 24/26 Apr  trip redel Far East $78500 daily + $1.6 million bb - Bunge 'Oinoussian Lady' Norden relet 2004 76704 dwt  dely Gladstone 18/24 Apr trip redel Singapore-Japan rge $54000 daily + $600000 bb - Daebo CSE Fortune Express' 2002 76634 dwt  dely Amsterdam ppt balance of period July-Aug 2008 redel worldwide $74000 daily - Dreyfus - 'Red Lily' 2004 76606 dwt  dely Kaohsiung 10/12 Apr  trip via Weipa redel Porto Vesme $42500 daily - Norden 'Maritime Baqui' 2006 76300 dwt  dely Tsuruga 9/14 Apr  trip via NoPac redel Japan $58500 daily - Japanese chrtr 'Red Iris' 2003 75730 dwt  dely Taichung 6/12 Apr  trip via Queensland redel EC India $58000 daily - ETA Dubai 'Montrose' 2002 75592 dwt  dely Dunkirk 11/13 Apr  25-day round voyage redel UKC $71000 daily - cnr 'Fujian' 1996 75300 dwt  dely Haldia 7/12 Apr  trip redel Singapore-Japan rge $75000 daily - cnr 'Avra' Norden relet 2001 75169 dwt  dely Cartagena 25/27 Apr balance of period abt 4/6 months trading redel worldwide $75500 daily - CTP 'Danae' TMT relet 2001 75106 dwt  dely Cape Passero ppt  trip via Black Sea redel China $69000 daily - ICI 'Voge Prosperity' 1995 75100 dwt  dely SW Pass 8/10 Apr  trip redel Indonesia $69250 daily + $960000 bb - AWB Ltd 'Torm Anholt' 2004 74195 dwt  dely Karachi 12/14 Apr  trip via WC India redel China $68500 daily - Solebay 'Cretan Wave' 2001 74107 dwt  dely Mariveles 7/11 Apr  trip via Indonesia redel Singapore-Japan rge $52500 daily - cnr 'Anastasia C' 2001 73311 dwt  dely Rio Grande 15/17 Apr  trip via EC South America redel Singapore-Japan rge $74000 daily + $1.5 million bb - Grand Ocean 'Peter S' 1995 71550 dwt  dely Port Talbot spot 2 laden legs redel Atlantic $68500 daily option Feast $72500 daily - Practica 'Golden Jade' 1994 70046 dwt  dely Lumut spot  trip via Indonesia redel Singapore-Japan rge $47000 daily - Chokang 'Four Coal' 2000 69997 dwt  dely Kaohsiung spot  trip EC Australia redel Singapore-Japan rge $52000 daily - TPC 'Fu Zhou Hai' 1995 69963 dwt  dely Aden 10/15 Apr  trip via WC India redel China $51000 daily - British Marine 'Agios Emilianos' 1989 69400 dwt  dely Cape Passero ppt  trip via Brazil redel China $58500 daily - TMT 'Hellenic Sky' 1994 68591 dwt  dely Dunkirk 4/5 Apr 2 laden legs redel Atlantic $65000 daily - Augustea 'Santa Anna' 2006 56042 dwt  dely Lianyungang 9/10 April  trip via South-east Asia redel China $41000 daily - North China Shipping 'Fantasy Star' 2005 56029 dwt  dely Haldia 9/10 April  trip redel China approx $72000 daily - cnr 'Bulk Jupiter' 2006 56009 dwt  dely Newport News 15/25 Apr trip redel Spain $59750 daily + $650000 bb - Atlas 'Vega Rose' 2007 55500 dwt  dely Haldia 10/12 April  trip redel China approx $75000 daily - cnr 'Aifanourios' 2002 50220 dwt  dely West Coast India 6/9 April  trip via South Africa redel West Coast India $52000 daily - Oldendorff 'Solar Europe' 1998 46667 dwt  dely PMO 6/7 April  trip redel Mediterranean approx $45000 daily - cnr 'Nord Viking' 1994 45208 dwt  dely aps Indonesia 12/15 April  trip redel India $36000 daily + $300000 bb - Armada 'Wadi Halfa' 1985 31948 dwt  dely Douala 10/20 April trip via East Coast South America redel Mediterranean approx $35000 daily - AC Toepfer

ORE
'Cape Tavor' 1999 150000/10 Cape Lambert/Port Talbot 20/27 April approx $39.50 fio 6 days shinc - Corus 'Rubin Hope' Cargill relet 1999 150000/10 Tubarao/Qingdao 25 May/1 Apr $71.00 fio scale/30000sc - SK Shipping 'Samsun TBN' 130000/10 Chennai/Kwangyang 25 Apr/4 May $28.40 fio 65000sc/60000sc
- POSCO
'Fernie' 120000/10 Ubu/Shekou 1/10 May $78.00 fio scale/30000 - Transfield 'TBN' 70000/10 Guaiba/Ijmuiden Apr $44.00 fio 5 days sc - Corus

COAL
Transfield TBN 150000/10 Richards Bay/Rotterdam 15/30 May $33.50 fio scale load/25000 sc - Swiss Marine 'Happy Clipper' 75000/10 Norfolk/Visakhapatnam 1/10 May $73.00 fio 10000 sshex discharge - Transchart 'Red Iris' 2003 ETA Dubai relet 70000/5 Hay Point/East Coast India 10/20 April $50.00 fio 20000 satpmsx uu/10000 sc - SAIL 'Atlantic Horizon' Cargill relet 2006 70000/10 Xingang/Ghent 4/10 Apr $48.00 fio 12000sx/25000sc - Mittal 'Fleet Phoenix' 2006 52000/5 coking coal Queensland/East Coast India 20/30 April $50.00 fio option Hay Point $48.00 20000 satpmshex uu/10000 shinc - SAIL 'Hayama Star' 2006 50000/5 coking coal Hay Point/Visakhapatnam 1/10 May $46.50 fio 20000 sshex uu/10000 sshex uu - VSP

Daily Summary of Baltic Exchange Dry Indices 2 April 2008

Baltic Exchange Dry Index TM 7655 (DOWN 235)

Baltic Exchange Capesize Index TM 10952 (DOWN 559)

Baltic Exchange Panamax Index TM 7584 (DOWN 183)

Baltic Exchange Supramax Index TM 4768 (DOWN 24)

Baltic Exchange Handysize Index TM 2369 (DOWN 23)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $127655 (DOWN 6772)

BPI    Average of the T/C routes $61097 (DOWN 1489)

BSI    Average of the T/C routes $49858 (DOWN 252)

BHSI   Average of the T/C routes $34628 (DOWN 378)

Baltic Exchange Capesize Index     10952     (DOWN 559)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.009 -0.705

C3 150000mt Tubarao - Beilun/Baoshan 15 71.571 -3.575

C4 150000mt Richards Bay - Rotterdam 5 35.477 -2.046

C5 150000mt W Australia - Beilun/Baoshan 15 26.114 -1.886

C7 150000mt Bolivar - Rotterdam 5 35.123 -0.682

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 125000 -4000

C9_03 172000mt Continent/Mediterranean trip Far East 5 176692 -9193

C10_03 172000mt Pacific RV 20 122346 -8769

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 86583 -5125

C12 150000mt Gladstone - Rotterdam 10 47.841 -1.641

Average of the T/C Routes 127655 -6772

Baltic Exchange Panamax Index     7584     (DOWN 183)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 65563 -1237

P2A_03 74000mt SKAW-GIB/FAR EAST 25 76275 -1163

P3A_03 74000mt Japan-SK/Pacific/RV 25 56690 -1977

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 45861 -1578

Average of the T/C Routes 61097 -1489

Baltic Exchange Supramax Index     4768     (DOWN 24)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62525 -88

S1B Canakkale Trip Far East 12.5 61827 -123

S2 Japan - SK / NOPAC or Australia rv 25 41300 -927

S3 Japan - SK Trip Gib - Skaw range 25 39450 -890

S4A US Gulf - Skaw-Passero 12.5 79940 1927

S4B Skaw-Passero - US Gulf 12.5 33070 -100

Average of the T/C Routes 49858 -252

Baltic Exchange Handysize Index     2369     (DOWN 23)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 26614 21

HS2 Skaw - Passero trip Boston - Galveston 12.5 26964 35

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 42875 -36

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46956 56

HS5 SE Asia trip via Australia to Singapore - Japan 25 33857 -843

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 32950 -707

Average of the T/C Routes 34628 -378

The Daily Fixtures Report - 2/4/2008

BDI  7655 DOWN 235
BCI 10952 DOWN 559
BPI  7584 DOWN 183
BSI  4768 DOWN  24
BHSI 2369 DOWN  23

TIMECHARTER
'Unique Carrier' 2007 177676 dwt -   Australia>
'Aquafaith' 1997 167110 dwt  dely Fos 3/5 Apr  trip via Brazil redel China $182500 daily - Morgan Stanley 'Pos Eternity' 2005 76498 dwt  dely Busan 4/7 Apr  trip via NoPac redel Singapore-Japan rge $59000 daily - Dreyfus 'Richmond' 1996 75265 dwt  dely Tilbury 3/4 Apr  trip via Baltic redel UKC $66500 daily - BBL 'Iguana' 1996 70349 dwt  dely US Gulf 12/14 Apr  trip redel Skaw-Cape Passero int coal $65000 daily + $1.0 million bb - Swiss Marine 'Mass Prosperity' 1993 69625 dwt  dely Xiamen 3/5 Apr  trip via Indonesia redel Italy $46000 daily - Norden 'Medi Bangkok' 2006 53466 dwt  dely Xingang spot  trip via Australia redel East Coast India $41000 daily - Korean charterer 'Santana' 2001 50271 dwt  dely Fangcheng early April  trip via South-East Asia redel China $42000 daily - Tongli 'Tern' 2003 50209 dwt  dely USGulf mid April 4.5/6 months trading redel worldwide approx $66000 daily - Atlas 'Genco Muse' 2001 48913 dwt  dely Fangcheng spot 3/5 months trading redel worldwide $47000 daily - Norden 'Glyfada' 1995 45455 dwt  dely Egyptian Med 5/13 April 5/7.5 months trading redel worldwide $52550 daily - Cargill 'Hawk' 1994 45111 dwt  dely Rizhao 6/8 April  trip redel West Africa (intention
cement) $36000 daily - Norden
'Noni' 1996 44382 dwt  dely Nantong 4/9 April  trip via Australia redel Mediterranean $37000 daily - MUR - 'Explorius' 1985 26536 dwt  dely Abidjan 4/7 Apr trip via east coast South
America redel Mediterranean approx $34000 daily - AC Toepfer -   week>

ORE
'Aquacharm' relet 2003 150000/10 Dampier/Qingdao 18/25 Apr $25.50 fio scale/30000sc - Rio Tinto 'TBN' 70000/10 Port Cartier/Hamburg 20/29 Apr $29.75 fio 3.5 days - Cetragpa

COAL
'TBN' 70000/10 USEC/ARA 20/30 Apr $33.50 fio 35000sc/25000sc - STX Pan Ocean 'MOSK TBN' 70000/10 Mobile/Terneuzen & Ghent 17 Apr/1 May $45.00 fio 5 days
-
Cetragpa
'TBN' 65000/10 Mississippi River/El Ferrol end Apr/ely May $46.00 fio 20000sc/25000sc - Carboex

GRAIN
'Maritime Newanda' 50000/5 Hss Paranagua/Ghent 4/14 April $67.50 fio 14 total days - cnr

Daily Summary of Baltic Exchange Dry Indices 1 April 2008

Baltic Exchange Dry Index TM 7890 (DOWN 191)

Baltic Exchange Capesize Index TM 11511 (DOWN 482)

Baltic Exchange Panamax Index TM 7767 (DOWN 100)

Baltic Exchange Supramax Index TM 4792 (DOWN 35)

Baltic Exchange Handysize Index TM 2392 (DOWN 25)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $134427 (DOWN 5312)

BPI    Average of the T/C routes $62586 (DOWN 813)

BSI    Average of the T/C routes $50110 (DOWN 366)

BHSI  Average of the T/C routes $35006 (DOWN 422)

Baltic Exchange Capesize Index     11511     (DOWN 482)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.714 -0.636

C3 150000mt Tubarao - Beilun/Baoshan 15 75.146 -1.392

C4 150000mt Richards Bay - Rotterdam 5 37.523 -2.136

C5 150000mt W Australia - Beilun/Baoshan 15 28.000 -2.050

C7 150000mt Bolivar - Rotterdam 5 35.805 -0.613

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 129000 -2636

C9_03 172000mt Continent/Mediterranean trip Far East 5 185885 -4307

C10_03 172000mt Pacific RV 20 131115 -9847

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 91708 -4459

C12 150000mt Gladstone - Rotterdam 10 49.482 -1.363

Average of the T/C Routes 134427 -5312

Baltic Exchange Panamax Index     7767     (DOWN 100)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 66800 -641

P2A_03 74000mt SKAW-GIB/FAR EAST 25 77438 -780

P3A_03 74000mt Japan-SK/Pacific/RV 25 58667 -1263

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 47439 -567

Average of the T/C Routes 62586 -813

Baltic Exchange Supramax Index     4792     (DOWN 35)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62613 -147

S1B Canakkale Trip Far East 12.5 61950 -191

S2 Japan - SK / NOPAC or Australia rv 25 42227 -1165

S3 Japan - SK Trip Gib - Skaw range 25 40340 -1290

S4A US Gulf - Skaw-Passero 12.5 78013 2543

S4B Skaw-Passero - US Gulf 12.5 33170 -225

Average of the T/C Routes 50110 -366

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

S5 W.Africa via ECSA to FarEast 0 66078 -1232

S6 Jpn-SK trip via Aus/India 0 41982 -1723

S7 EC India - China 0 70625 -9708

Baltic Exchange Handysize Index     2392     (DOWN 25)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 26593 257

HS2 Skaw - Passero trip Boston - Galveston 12.5 26929 229

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 42911 -200

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46900 -95

HS5 SE Asia trip via Australia to Singapore - Japan 25 34700 -757

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 33657 -1029

Average of the T/C Routes 35006 -422

The Daily Fixtures Report - 01/04/2008

BDI  7890 DOWN 191
BCI 11511 DOWN 482
BPI  7767 DOWN 100
BSI  4792 DOWN  35
BHSI 2392 DOWN  25

TIMECHARTER
'Unique Carrier' 2007 177676 dwt  dely Caofeidian 10/15 Apr  trip via West Africa redel China $133000 daily - BHP Billiton - 'Iron Anne' 2001 82220 dwt  dely Amsterdam 31 Mar 3/5 months trading redel worldwide $76000 daily - Swiss Marine 'Atlantic Horizon' 2006 75709 dwt  dely Lianyungang 4/6 Apr 4/6 months trading redel worldwide $69000 daily - Cargill 'Nordweser' 2001 75323 dwt  dely Nanao spot  trip via NoPac redel China $62000 daily - Louis Dreyfus - 'Angelic Glory' 2002 74750 dwt  dely Piombino 1/5 Apr 2 laden legs 1st leg via Ponta Da Maderia redel Skaw-Cape Passero approx $71250 daily - Giuseppe Bottilglieri 'Barbara' 1997 73790 dwt  dely PMO 8/10 Apr  trip via Richards Bay redel WC India approx $69000 daily - Armada 'Lotus Sun' 1995 73556 dwt  dely Tarragona 2/4 Apr 2 laden legs redel Atlantic $71500 daily - Armada 'Alpha Happiness' 1999 72893 dwt  dely N.China ppt 4/6 months trading redel worldwide $70000 daily - Bunge - 'Eternal Wind' 1997 71372 dwt  dely Japan 5/7 Apr  trip via NoPac redel Singapore-Japan rge $58500 daily - STX Pan Ocean 'Sweet Lady II' 1981 65593 dwt  dely Hamburg ppt 4/6 months trading redel Far East $60250 daily - ABT - 'Dong Sheng Ocean' 1981 61390 dwt  dely Goa spot  trip redel China $50000 daily
- Indian chrtr
'Medi Valencia' 2008 56014 dwt  dely Lome spot  trip via West Africa redel East Coast India $64000 daily - Western Bulk Carriers 'Jin Yi' 2007 55500 dwt  dely passing Singapore 2/5 April  trip via East Coast India redel Singapore-Japan approx $50000 daily - Brownstone 'Jin Man' 2008 55400 dwt  dely Brownsville 15/18 April  trip via USGulf redel Singapore-Japan $79000 daily - STX Pan Ocean 'Serenity 1' 2006 53694 dwt  dely Chennai 2/6 April  trip redel China $60000 daily - Noble 'VOC Gallant' 2001 51201 dwt  dely Cristobal 10/17 April 4/5 months trading redel worldwide $67500 daily - DBCN/CTM 'Genco Wisdom' 1997 47180 dwt  dely aps Aruba 4/10 April  trip redel Turkey $65000 daily + $450000 bb - Eitzen 'Noni' 1996 44382 dwt  dely Nantong 4/9 April  trip via Australia redel Mediterranean approx $35000 daily - MUR 'Oriental' 1997 43917 dwt  dely East Coast Mexico 1/5 April  trip via USGulf redel Italy approx $77500 daily - STX Pan Ocean 'Silver Lake' 2008 33700 dwt  dely Port Kembla 8/12 Apr trip via East Coast Australia redel Taiwan $38500 daily + $ 400000 bb - CSE

MISC
'Navision Bulker' 1985 35000/10 petcoke Lake Charles/Varna 3/10 Apr $63.50 fio 15000 shinc/9000 shinc - TCP

Daily Summary of Baltic Exchange Dry Indices 31 March 2008

Baltic Exchange Dry Index TM 8081 (UP 12)

Baltic Exchange Capesize Index TM 11993 (UP 178)

Baltic Exchange Panamax Index TM 7867 (DOWN 29)

Baltic Exchange Supramax Index TM 4827 (DOWN 89)

Baltic Exchange Handysize Index TM 2417 (DOWN 18)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $139739 (UP 2020)

BPI    Average of the T/C routes $63399 (DOWN 233)

BSI    Average of the T/C routes $50476 (DOWN 925)

BHSI  Average of the T/C routes $35428 (DOWN 328)

Baltic Exchange Capesize Index     11993     (UP 178)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 35.350 0.773

C3 150000mt Tubarao - Beilun/Baoshan 15 76.538 0.392

C4 150000mt Richards Bay - Rotterdam 5 39.659 0.068

C5 150000mt W Australia - Beilun/Baoshan 15 30.050 0.682

C7 150000mt Bolivar - Rotterdam 5 36.418 0.882

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 131636 2545

C9_03 172000mt Continent/Mediterranean trip Far East 5 190192 1307

C10_03 172000mt Pacific RV 20 140962 2270

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 96167 1959

C12 150000mt Gladstone - Rotterdam 10 50.845 0.572

Average of the T/C Routes 139739 2020

Baltic Exchange Panamax Index     7867     (DOWN 29)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67441 -317

P2A_03 74000mt SKAW-GIB/FAR EAST 25 78218 -175

P3A_03 74000mt Japan-SK/Pacific/RV 25 59930 -213

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 48006 -230

Average of the T/C Routes 63399 -233

Baltic Exchange Supramax Index     4827     (DOWN 89)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62760 -105

S1B Canakkale Trip Far East 12.5 62141 -250

S2 Japan - SK / NOPAC or Australia rv 25 43392 -1910

S3 Japan - SK Trip Gib - Skaw range 25 41630 -1830

S4A US Gulf - Skaw-Passero 12.5 75470 605

S4B Skaw-Passero - US Gulf 12.5 33395 -170

Average of the T/C Routes 50476 -925

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

S5 W.Africa via ECSA to FarEast 0 67310 -828

S6 Jpn-SK trip via Aus/India 0 43705 -1859

S7 EC India - China 0 80333 -3209

Baltic Exchange Handysize Index     2417     (DOWN 18)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 26336 315

HS2 Skaw - Passero trip Boston - Galveston 12.5 26700 271

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 43111 -395

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 46995 -55

HS5 SE Asia trip via Australia to Singapore - Japan 25 35457 -693

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 34686 -685

Average of the T/C Routes 35428 -328

The Daily Fixtures Report - 31/03/2008

BDI  8081 UP   12
BCI 11993 UP  178
BPI  7867 DOWN 29
BSI  4827 DOWN 89
BHSI 2417 DOWN 18

TIMECHARTER
'Cape Mor' 1985 194468 dwt  dely Cape Passero 11/13 Apr  trip via Brazil redel Continent $100000 daily - Oldendorff 'Ocean Cygnus' 2006 176800 dwt  dely Qingdao 6/8 Apr  trip via West Australia redel China $145000 daily - BHP Billiton 'Nord-Kraft'  'K' Line relet 2000 171199 dwt  dely Zhoushan 8/10 Apr  trip via Australia redel China $140000 daily - cnr 'Kyla Fortune' Armada relet 2001 170296 dwt  dely Kwangyang 29/31 Mar balance of period 9 Sept/9 Oct redel worldwide $140000 daily - Swiss Marine 'Eurydice D' 1985 140532 dwt  dely Nantong 8/10 Apr  trip via EC Australia redel Singapore-Japan rge $86000 daily - C&MM 'Medi Sentosa' 2008 83690 dwt  dely Kaohsiung 31 Mar/6 Apr  trip via E.Australia redel Taiwan $63000 daily - U Ming 'Basil' 1983 76440 dwt  dely Brake 8/10 Apr  trip via US Gulf redel Eregli $61000 daily - Daeyang 'Century Star' 2003 75318 dwt  dely Pohang 8/10 Apr 6/8 months trading redel worldwide $70500 daily - Oldendorff 'Austin' 1995 75200 dwt  dely Antwerp 10/12 Apr 2 years trading redel worldwide $63000 daily - Skaarup Fortune 'Altair' 2001 74665 dwt  dely Lianyungang 3/5 Apr 2 laden legs 1st leg Australia/Brazil redel Skaw-Cape Passero $66500 daily - United 'Washington Trader' 2000 74228 dwt  dely Kure 1/7 Apr  via NoPac redel Singapore-Japan rge $62000 daily - cnr 'Maria Salamon' 2001 74117 dwt  dely Goa 15/20 Apr  trip redel Japan $78000 daily - PCL 'Willi Salamon' 2000 74005 dwt  dely Hong Kong 10/15 Apr 4/6 months trading redel worldwide $69000 daily - GMI
'Beauty Donor' 1998 73767 dwt      -
'Cumbria' 1994 69043 dwt  dely US Gulf 10/21 Apr  trip redel Far East $72000 daily + $1.2 million bb - cnr 'Trident Endeavour' 1990 68788 dwt  dely Piraeus 8/10 Apr  trip via Black Sea redel China int ore $84000 daily - Five Ocean 'Georgia' 1982 63308 dwt  dely Rotterdam 1/8 Apr  transatlantic round with grain redel Skaw-Cape Passero $57000 daily - cnr 'Vega I' 1982 63214 dwt  dely S.Brazil 25/27 Mar  trip redel Skaw-Cape Passero $55000 daily + $1.2 million bb - Louis Dreyfus - 'Irinikos' 1984 61809 dwt  dely Fos 29 Mar/5 Apr  trip via Kamsar redel Stade $50000 daily - Proline 'Pacific Victory' 2001 52394 dwt  dely wwr Mississippi River 10/14 April trip via Davant redel Morocco $85000 daily - Eitzen 'Crown Princess' 2005 52347 dwt  dely Kalimantan 5/10 April  trip redel India $36000 daily + $250000 bb - Clipper 'Courageous' 2005 52346 dwt  dely Thailand 5/7 April  trip redel India $44250 daily - Dooyang 'Thor Integrity' 2001 52117 dwt  dely Lianyungang spot  trip redel UKCont approx $46500 daily - cnr 'Atoyac' 1995 45642 dwt  dely Rizhao spot  trip via Indonesia redel Pakistan $40250 daily - Shadab 'Normania' 1997 42268 dwt  dely Port Harcourt 2/3 April  trip via East Coast South America redel Cont approx $43250 - Proline 'Med Dignity' 1984 41875 dwt  dely passing Gibraltar spot  trip via Liverpool redel Turkey $50000 daily - Norton 'Kanok Naree' 1985 33024 dwt  dely Belawan 5/12 Apr trip via south east Asia redel South Africa $32000 daily - Copenship

COAL
'C.March' Transfield relet 1995 150000/10 Roberts Bank/Kwangyang and/or Pohang
15/25 Apr $36.73 fio scale/50000sc - POSCO 'Lepta Galaxy' 2002 50000/5 coking coal Queensland/Visakhapatnam 20/30 Apr $56.00 fio option Hay Point or Gladstone $54.00 20000 load/10000 discharge
- VSP
'Port Maubert' 2007 or sub 50000/5 coking coal Queensland/Visakhapatnam 20/30 Apr $56.00 fio option Hay Point or Gladstone $54.00 20000 load/10000 discharge - VSP

Daily Summary of Baltic Exchange Dry Indices 28 March 2008

Baltic Exchange Dry Index TM 8069 (UP 185)

Baltic Exchange Capesize Index TM 11815 (UP 715)

Baltic Exchange Panamax Index TM 7896 (DOWN 13)

Baltic Exchange Supramax Index TM 4916 (DOWN 70)

Baltic Exchange Handysize Index TM 2435 (DOWN 12)

Daily Summary of the Baltic Exchange Time Charter Routes

  Rate($/Day) Change

BCI    Average of the T/C routes $137719 (UP 8345)

BPI    Average of the T/C routes $63632 (DOWN 112)

BSI    Average of the T/C routes $51401 (DOWN 739)

BHSI  Average of the T/C routes $35756 (DOWN 213)

Baltic Exchange Capesize Index     11815     (UP 715)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 34.577 1.368

C3 150000mt Tubarao - Beilun/Baoshan 15 76.146 2.208

C4 150000mt Richards Bay - Rotterdam 5 39.591 0.918

C5 150000mt W Australia - Beilun/Baoshan 15 29.368 2.441

C7 150000mt Bolivar - Rotterdam 5 35.536 1.086

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 129091 4273

C9_03 172000mt Continent/Mediterranean trip Far East 5 188885 7116

C10_03 172000mt Pacific RV 20 138692 17077

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 94208 4916

C12 150000mt Gladstone - Rotterdam 10 50.273 1.182

Average of the T/C Routes 137719 8345

Baltic Exchange Panamax Index     7896     (DOWN 13)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 67758 55

P2A_03 74000mt SKAW-GIB/FAR EAST 25 78393 93

P3A_03 74000mt Japan-SK/Pacific/RV 25 60143 -428

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 48236 -167

Average of the T/C Routes 63632 -112

Baltic Exchange Supramax Index     4916     (DOWN 70)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 62865 62

S1B Canakkale Trip Far East 12.5 62391 -73

S2 Japan - SK / NOPAC or Australia rv 25 45302 -2113

S3 Japan - SK Trip Gib - Skaw range 25 43460 -1390

S4A US Gulf - Skaw-Passero 12.5 74865 1250

S4B Skaw-Passero - US Gulf 12.5 33565 -140

Average of the T/C Routes 51401 -739

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

S5 W.Africa via ECSA to FarEast 0 68138 -697

S6 Jpn-SK trip via Aus/India 0 45564 -1145

S7 EC India - China 0 83542 -2458

Baltic Exchange Handysize Index     2435     (DOWN 12)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 26021 285

HS2 Skaw - Passero trip Boston - Galveston 12.5 26429 293

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 43506 -466

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 47050 -285

HS5 SE Asia trip via Australia to Singapore - Japan 25 36150 -457

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 35371 -308

Average of the T/C Routes 35756 -213

The Daily Fixtures Report - 28/03/2008

BDI  8069 UP  185
BCI 11815 UP  715
BPI  7896 DOWN 13
BSI  4916 DOWN 70
BHSI 2435 DOWN 12

TIMECHARTER
'Antonis Angelicoussis' Louis Dreyfus relet 2007 177932 dwt  dely Pohang
3/5 Apr
trip via Vancouver redel Continent $90000 daily 1st 60 days balance at BCI tc average - Cargill 'Bulk China' 2005 175971 dwt  dely Shanghai 14/16 Apr  trip via West Australia redel China $144000 daily - BHP Billiton 'China Steel Integrity' 2002 175772 dwt  dely Moneypoint 9/11 Apr  trip via Brazil redel Continent $126000 daily - Constellation 'Chou Shan' Cargill relet 2005 175569 dwt  dely Rizhao 14/20 Apr  trip via West Australia redel China $132500 daily - BHP Billiton 'Maria A Angelicoussis' Transfield relet 2001 169163 dwt  dely Beilun 10/15 Apr trip via West Australia redel Qingdao $125000 daily - BHP Billiton 'Chloe' 1997 160089 dwt  dely Tarragona 25/31 Mar  trip via Brazil redel Far East $157500 daily - cnr 'Bosporus' 1995 150961 dwt  dely Qingdao 31 Mar/1 Apr  trip via West Australia redel Japan approx $105000 daily - 'K' Line
'Sanko Spark' 1996 150961 dwt  25/31 Mar    -  Shagang>
'Pacific Yuan Li' 1993 149471 dwt  dely Fangcheng 1/5 Apr  trip via West Australia redel China $105000 daily - Noble 'Lady Maria Luisa' 2007 76662 dwt  dely Portbury 29/31 Mar  transatlantic round redel Skaw-Cape Passero $68500 daily - D'Amico 'Beauty Donor' 1998 73767 dwt  dely Antwerp 31 Mar/2 Apr  trip via Narvik & Eregli redel Cape Passero $74000 daily - cnr 'Far Eastern Marina' 1997 73596 dwt  dely Kaohsiung 5/7 Apr  trip via Indonesia redel EC India $60000 daily - Morgan Stanley 'Maratha Messenger' 1995 71252 dwt  dely Trincomalee 2/7 Apr  trip via WC India redel China $75000 daily - Solebay 'Dimitris Perrotis' 1984 64933 dwt  dely retro Barcelona 23 Mar  trip via NC South America redel Skaw-Cape Passero $55000 daily - Armada 'Lorentzos' 2005 53688 dwt  dely Mailiao 4/8 April  trip via Taiwan redel USGulf intention Cement $34500 daily - TMT 'Lark' 2007 53633 dwt  dely Porbandar 1/2 April  trip redel Singapore-Japan $64000 daily - Chinese charterer 'Annika' 2006 52050 dwt  dely Black Sea 1/5 Apr trip via Turkey/Persian Gulf redel PMO approx $60000 daily - cnr 'Zhong Hai'  1996 45189 dwt  dely Abidjan spot trip via Brazil redel Bangladesh $55000 daily - cnr 'Sophie Bolten' 1996 26412 dwt  dely Ghent 2/4 Apr trip via Continent redel Libya $35000 daily - Copenship
'Skyros' 1998 24128 dwt      -

ORE
'Unique Brilliance' 2001 160000/10 Saldanha Bay/Rotterdam 10/15 Apr approx $39.00 fio scale/25000sc - Corus 'London Courage' 2007 150000/10 Dalrymple Bay/Gijon 8/15 Apr $44.50 fio 50000sc/25000sc - TMT -

COAL
'TBN' 150000/10 Richards Bay/Rotterdam 15/30 Apr $40.00 fio scale/25000sc - CTM 'Topflight' 2005 50000/5 coking coal Queensland/Visakhapatnam 1/10 Apr $56.00 fio  option Hay Point or Gladstone  $54.00 20000 load/10000 discharge - VSP 'Pos Freedom' 2005 50000/5 coking coal Queensland/Visakhapatnam 15/25 Apr $56.00 fio option Hay Point or Gladstone $54.00 20000 load/10000 discharge - VSP

MISC
'Sunny Falcon' 1977 30000/5 granular urea Sur (Oman)/Visakhapatnam 2/5 Apr
$33.75 fio 12000 fhinc/6000 sshex - President of India