THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 06/11/07

The Daily Fixtures Report 06/11/2007

BDI 10605 UP   66
BCI 14508 UP  330
BPI 11151 DOWN 52
BSI  6775 DOWN 31
BHSI 3134 DOWN 24

TIMECHARTER
'F.D. Luigi D'Amato' Transfield relet 2006 180184 dwt  dely Cape Passero 2/4 Dec
 trip via Brazil redel Far East approx $237000 daily - STX Pan Ocean
'Channel Alliance' 1996 171978 dwt  dely Kure 10/12 Nov  trip via West Australia
redel China $169000 daily - RTS
'Aquafaith' Shagang relet 1997 167102 dwt  dely Rizhao 25/27 Nov balance of
period upto max 31 May 2008 redel worldwide $163500 daily - Crownland
'Royal Breeze' 2002 76679 dwt  dely Kakogawa 5/7 Nov  trip via NoPac redel Japan
$94500 daily - Mitsubishi
'Efrossini' 2003 76015 dwt  dely Amsterdam spot 2 laden legs redel Far East
$89750 daily - cnr
'Leonardo Lembo' 1996 75473 dwt  dely PMO spot  trip via Richards Bay redel
India $85000 daily - cnr
'Redondo' 2000 74716 dwt  dely retro Belfast 4 Nov  trip via NC South America
redel Skaw-Cape Passero $85000 daily - Energy
'Aldebaran' 2000 74677 dwt  dely Aughinish 1/6 Nov 2 laden legs redel Atlantic
$85000 daily - ABT
'Anna Smile' 2004 74500 dwt  dely US Gulf 20/30 Nov  trip redel Continent $82000
daily + $1.2 million bb - STX Pan Ocean
'Fu May' Hanjin relet 2002 73900 dwt  dely Kushiro 10/12 Nov  trip via NoPac
redel Indonesia $97000 daily - Noble
'Dimitris Perrotis' 1984 64933 dwt  dely Cape Passero ppt  trip via St.Lawrence
& Egypt redel Cape Passero $69500 daily - Dreyfus - 
'Ince Inebolu' 2002 52370 dwt  dely Zhoushan 12/14 November  trip via
Philippines redel China approx $73000 daily - Eitzen
'Eleni M' 2001 50961 dwt  dely passing Pylos spot  2 laden legs redel Aden-Japan
$72000 daily - Cargill
'Ero L' 2003 50547 dwt  dely Mississippi River 15/20 November  trip redel West
Coast Central America $95000 daily - The Rice Company
'Orchid Ocean' 1994 45226 dwt  dely Mina Saqr 6/11 November  trip via West Coast
India redel China $45000 daily - British Marine
'Selendang Kasa' 1997 28410 dwt  dely Xingang spot  trip redel Mediterranean
approx $45000 daily - cnr - 
'African Impala' 1997 24111 dwt  dely retroactive Casablanca 28 Oct trip via US
east coast redel Morocco $38000 daily - Bunge (fixed last week)

ORE
'STX Pan Ocean TBN' 170000/10 Ponta da Madeira/Kwangyang a/o Pohang 4/18 Dec
$83.75 fio scale/60000sc-45000sc - POSCO
'Cape Australia' 1990 150000/10 Ponta da Madeira/Beilun & Shanghai 20/30 Nov
$85.00 fio scale/30000sc - Oceanbulk
'Klaveness TBN' 72500/10 Port Latta/China 23 Nov/1 Dec $58.00 fio scale/12000sc
- Shagang

COAL
'TBN' 70000/10 Richards Bay/Portbury 25/30 Nov $54.00 fio scale/25000sc - SSE

 

The Baltic Dry index as of 5.Nov.07

Daily Summary of Baltic Exchange Dry Indices

5 November 2007

Baltic Exchange Dry Index TM 10539 (DOWN 9)

Baltic Exchange Capesize Index TM 14178 (UP 157)

Baltic Exchange Panamax Index TM 11203 (DOWN 131)

Baltic Exchange Supramax Index TM 6806 (DOWN 46)

Baltic Exchange Handysize Index TM 3158 (DOWN 12)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $166377 (UP 2198)

BPI Average of the T/C routes $90823 (DOWN 1064)

BSI Average of the T/C routes $71168 (DOWN 482)

BHSI Average of the T/C routes $46328 (DOWN 174)

Baltic Exchange Capesize Index 14178 (UP 157)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 43.809 0.259

C3 150000mt Tubarao - Beilun/Baoshan 15 84.738 0.830

C4 150000mt Richards Bay - Rotterdam 5 45.641 0.296

C5 150000mt W Australia - Beilun/Baoshan 15 35.668 0.282

C7 150000mt Bolivar - Rotterdam 5 45.073 0.250

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 163591 2091

C9_03 172000mt Continent/Mediterranean trip Far East 5 214917 2459

C10_03 172000mt Pacific RV 20 164625 2708

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 122375 1533

C12 150000mt Gladstone - Rotterdam 10 62.018 0.582

Average of the T/C Routes 166377 2198

Baltic Exchange Panamax Index 11203 (DOWN 131)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 83931 -798

P2A_03 74000mt SKAW-GIB/FAR EAST 25 88575 -875

P3A_03 74000mt Japan-SK/Pacific/RV 25 95365 -1373

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 95421 -1211

Average of the T/C Routes 90823 -1064

Baltic Exchange Handysize Index 3158 (DOWN 12)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 34536 -178

HS2 Skaw - Passero trip Boston - Galveston 12.5 34264 -165

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 61939 -405

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 62955 -370

HS5 SE Asia trip via Australia to Singapore - Japan 25 44943 -164

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43521 25

Average of the T/C Routes 46328 -174

Baltic Exchange Supramax Index 6806 (DOWN 46)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 70630 -372

S1B Canakkale Trip Far East 12.5 66677 348

S2 Japan - SK / NOPAC or Australia rv 25 73177 -715

S3 Japan - SK Trip Gib - Skaw range 25 73220 -550

S4A US Gulf - Skaw-Passero 12.5 91910 -928

S4B Skaw-Passero - US Gulf 12.5 47336 -371

Average of the T/C Routes 71168 -482

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

S5 W.Africa via ECSA to FarEast 0 73798 -350

S6 Jpn-SK trip via Aus/India 0 72802 -423

S7 Trial: EC India - China 0 72788 -618

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 05/11/07

The Daily Fixtures Report - 05/11/2007
-------------------------

BDI 10539 DOWN 9
BCI 14178 UP 157
BPI 11203 DOWN 131
BSI 6806 DOWN 46
BHSI 3158 DOWN 12

TIMECHARTER
'Mineral Kyushu' 2006 180211 dwt dely Shanghai 11/13 Nov trip via West
Australia redel China $167500 daily - Noble 'Pioneer' 2004 171861 dwt dely
Far East Jan 2008 12 months trading redel worldwide $150000 daily - Cosco
Qingdao 'Alpha Era' Bunge relet 2000 170387 dwt dely Far East 7/22 Dec
11/13 months trading redel worldwide $152500 daily - cnr 'Nordweser' 2001
75323 dwt dely La Corunna 5/8 Nov trip via Seven Islands redel Japan
$92000 daily - Cargill 'Alpha Harmony' 2001 74492 dwt dely US Gulf 13/15
Nov trip redel full Med $82000 daily + $1.2 million bb - Windrose 'Tian
Yang Feng' 2000 74027 dwt dely PMO 4/9 Nov trip via Bandar Abbas redel
China $90000 daily - ETA Dubai
'Tai Profit' Cargill relet 2001 73105 dwt -
'Ever Blossom' 1997 72517 dwt dely Shanghai 6/10 Nov 5/7 months trading
$93500 daily - Swiss Marine 'Full Beauty' 1994 70198 dwt dely San Ciprian
7/12 Nov 2 laden legs redel Skaw-Cape Passero $84000 daily - Armada 'Gem of
Haldia' 1982 64930 dwt dely Jingtang 8/15 Nov trip via N.China redel Spain
int clinker $70000 daily - Atlas Bulk Shipping 'Sibulk Premier' 2003 53609
dwt dely Vitoria 20/25 Nov trip via east coast South America redel Far East
intention Malaysia $77000 daily +$1 million bb - STX Pan Ocean 'Pacific
Bangpu 1' 1985 26564 dwt dely passing Gibraltar prompt trip via
UK/Continent redel eastern Mediterranean $40000 daily - EMR

ORE
'Zodiac TBN' 180000/10 Tubarao/Kwangyang and/or Pohang 2/16 Dec $81.89 fio
scale/60000sc & 45000sc - POSCO

COAL
'TBN' 70000/10 Norfolk/Porto Torres 20/27 Nov $44.00 fio 30000sc/15000sc
- BCM

The Baltic Dry Index Daily Panamax Report 2nd November 07

Subject: Daily Panamax Report 2nd November

Dry cargo fixture summary - 02 November 2007 ==========================

BDI Baltic Dry Index 10548 DOWN 33
BCI Baltic Capesize Index 14021 UP 33
BPI Baltic Panamax Index 11334 DOWN 81
BSI Baltic Supramax Index 6852 DOWN 45
BHSI Baltic Handysize Index 3170 DOWN 17

Timecharter
------------
'Cape Albatross' 2007 180211 dwt dely Worldwide January 2008 8/9 months
trading redel worldwide $175000 daily - Armada

'Great Navigator' Daebo relet 2006 176603 dwt dely Mizushima 15/16 Nov trip
via Saldanha Bay redel S.Korea $165000 daily - STX Pan Ocean

'CSE Fortune Express' 2002 76634 dwt dely Tilbury 10/15 Nov trip via
Murmansk redel Continent $87500 daily - Atlas Bulk Shipping

'Ocean Lily' Noble relet 2006 76585 dwt dely Sepetiba 12/14 Nov trip via EC
South America redel Singapore-Japan rge $89500 daily + $1.5 million bb
- CSE

'Pasquale Della Gatta' 1996 75228 dwt dely Eregli 15/20 Nov trip via Black
Sea redel Singapore-Japan rge $92000 daily - cnr

'Great Century' 1999 73747 dwt dely Muroran 5/8 Nov trip via NoPac redel
Aden- PMO $98000 daily - Alfred C.Toepfer

'Tai Profit' 2001 73105 dwt dely River Plate 15/20 Nov trip redel China
$85000 daily + $1.6 million bb - Transgrain

'Teng Fei Hai' 1995 69877 dwt dely Mobile 12/20 Nov 2 laden legs redel
Skaw- Cape Passero $85000 daily + $1.1 million bb - Dreyfus

'Tonga' 1984 66798 dwt dely Cape Passero 9/11 Nov trip via EC South America
redel Skaw-Cape Passero $70500 daily - Dreyfus

'Minoan Hope' 1982 64871 dwt dely Tianjin 4/10 Nov 2 laden legs via PG &
India redel China $63000 daily - cnr

'Port Estoril' 2001 52822 dwt dely Kohsichang 11/20 November trip redel West
Coast India $78000 daily - cnr

'Apageon' 2005 52483 dwt dely Taiwan 3/5 November trip via Taiwan redel West
Africa $74000 daily - cnr

'Ocean Prelate' 2002 52433 dwt dely Zhanjiang 5/9 November trip via
Philippines redel China approx $76000 daily - Eitzen

'Jin Hui' 2000 50723 dwt dely Surabaya 5/14 November trip via Indonesia
redel East Coast India $77000 daily - Eitzen

'Syrena' 1997 48139 dwt dely USGulf spot trip redel Spain $81000 daily -
Armada

'Coral Ace' 1999 47286 dwt dely Tonda 11/12 November trip redel USGulf
$60000 daily - SK Shipping

Ore
---
'Erradale' 1994 150000/10 Narvik/El Dekheila 18/27 Nov $37.45 fio
scale/35000fc - ANSDK - <fixed 30/10>

'Grand Venetico' 1990 145000/10 Tubarao/Qingdao 20/30 Nov $81.00 option
Ponta Da Madeira ld $84.75 fio scale/30000sc - Oceanbulk

'Pierre' 1996 70000/10 Ponta Da Madeira/Ghent 15/29 Nov $41.50 fio 4 days sc
- Cetragpa

Coal
----
'Lowlands Orchid' 2005 / - <this is the vessel to Swiss Marine as per report
01/11>

The Baltic Dry index as of 2.nov.07

Subject: index as of 2.nov.07

Daily Summary of Baltic Exchange Dry Indices

2 November 2007

Baltic Exchange Dry Index TM 10548 (DOWN 33)

Baltic Exchange Capesize Index TM 14021 (UP 33)

Baltic Exchange Panamax Index TM 11334 (DOWN 81)

Baltic Exchange Supramax Index TM 6852 (DOWN 45)

Baltic Exchange Handysize Index TM 3170 (DOWN 17)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $164179 (UP 616)

BPI Average of the T/C routes $91887 (DOWN 665)

BSI Average of the T/C routes $71650 (DOWN 471)

BHSI Average of the T/C routes $46502 (DOWN 241)

Baltic Exchange Capesize Index 14021 (UP 33)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 43.550 -0.159

C3 150000mt Tubarao - Beilun/Baoshan 15 83.908 0.083

C4 150000mt Richards Bay - Rotterdam 5 45.345 -0.014

C5 150000mt W Australia - Beilun/Baoshan 15 35.386 0.145

C7 150000mt Bolivar - Rotterdam 5 44.823 -0.159

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 161500 -182

C9_03 172000mt Continent/Mediterranean trip Far East 5 212458 1250

C10_03 172000mt Pacific RV 20 161917 1229

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 120842 167

C12 150000mt Gladstone - Rotterdam 10 61.436 -0.037

Average of the T/C Routes 164179 616

Baltic Exchange Panamax Index 11334 (DOWN 81)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 84729 -416

P2A_03 74000mt SKAW-GIB/FAR EAST 25 89450 -537

P3A_03 74000mt Japan-SK/Pacific/RV 25 96738 -950

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 96632 -757

Average of the T/C Routes 91887 -665

Baltic Exchange Handysize Index 3170 (DOWN 17)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 34714 -336

HS2 Skaw - Passero trip Boston - Galveston 12.5 34429 -288

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 62344 -435

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 63325 -288

HS5 SE Asia trip via Australia to Singapore - Japan 25 45107 -189

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43496 -100

Average of the T/C Routes 46502 -241

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 02/11/07

The Daily Fixtures Report - 02/11/2007
-------------------------

BDI 10548 DOWN 33
BCI 14021 UP 33
BPI 11334 DOWN 81
BSI 6852 DOWN 45
BHSI 3170 DOWN 17

TIMECHARTER
'Cape Albatross' 2007 180211 dwt dely Worldwide January 2008 8/9 months
trading redel worldwide $175000 daily - Armada 'Great Navigator' Daebo relet
2006 176603 dwt dely Mizushima 15/16 Nov trip via Saldanha Bay redel
S.Korea $165000 daily - STX Pan Ocean 'CSE Fortune Express' 2002 76634 dwt
dely Tilbury 10/15 Nov trip via Murmansk redel Continent $87500 daily -
Atlas Bulk Shipping 'Ocean Lily' Noble relet 2006 76585 dwt dely Sepetiba
12/14 Nov trip via EC South America redel Singapore-Japan rge $89500 daily
+ $1.5 million bb - CSE 'Pasquale Della Gatta' 1996 75228 dwt dely Eregli
15/20 Nov trip via Black Sea redel Singapore-Japan rge $92000 daily - cnr
'Great Century' 1999 73747 dwt dely Muroran 5/8 Nov trip via NoPac redel
Aden-PMO $98000 daily - Alfred C.Toepfer 'Tai Profit' 2001 73105 dwt dely
River Plate 15/20 Nov trip redel China $85000 daily + $1.6 million bb -
Transgrain 'Teng Fei Hai' 1995 69877 dwt dely Mobile 12/20 Nov 2 laden
legs redel Skaw-Cape Passero $85000 daily + $1.1 million bb - Dreyfus
'Tonga' 1984 66798 dwt dely Cape Passero 9/11 Nov trip via EC South
America redel Skaw-Cape Passero $70500 daily - Dreyfus 'Minoan Hope' 1982
64871 dwt dely Tianjin 4/10 Nov 2 laden legs via PG & India redel China
$63000 daily - cnr 'Port Estoril' 2001 52822 dwt dely Kohsichang 11/20
November trip redel West Coast India $78000 daily - cnr 'Apageon' 2005
52483 dwt dely Taiwan 3/5 November trip via Taiwan redel West Africa
$74000 daily - cnr 'Ocean Prelate' 2002 52433 dwt dely Zhanjiang 5/9
November trip via Philippines redel China approx $76000 daily - Eitzen 'Jin
Hui' 2000 50723 dwt dely Surabaya 5/14 November trip via Indonesia redel
East Coast India $77000 daily - Eitzen 'Syrena' 1997 48139 dwt dely USGulf
spot trip redel Spain $81000 daily
-
Armada
'Coral Ace' 1999 47286 dwt dely Tonda 11/12 November trip redel USGulf
$60000 daily - SK Shipping

ORE
'Erradale' 1994 150000/10 Narvik/El Dekheila 18/27 Nov $37.45 fio
scale/35000fc
- ANSDK -
'Grand Venetico' 1990 145000/10 Tubarao/Qingdao 20/30 Nov $81.00 option
Ponta Da Madeira ld $84.75 fio scale/30000sc - Oceanbulk 'Pierre' 1996
70000/10 Ponta Da Madeira/Ghent 15/29 Nov $41.50 fio 4 days sc - Cetragpa

COAL
'Lowlands Orchid' 2005 / - 01/11>

The Baltic Dry index as of 1.nov.07

Daily Summary of Baltic Exchange Dry Indices

1 November 2007

Baltic Exchange Dry Index TM 10581 (DOWN 75)

Baltic Exchange Capesize Index TM 13988 (DOWN 90)

Baltic Exchange Panamax Index TM 11415 (DOWN 100)

Baltic Exchange Supramax Index TM 6897 (DOWN 52)

Baltic Exchange Handysize Index TM 3187 (DOWN 11)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $163563 (DOWN 1165)

BPI Average of the T/C routes $92552 (DOWN 810)

BSI Average of the T/C routes $72121 (DOWN 539)

BHSI Average of the T/C routes $46743 (DOWN 137)

Baltic Exchange Capesize Index 13988 (DOWN 90)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 43.709 -0.286

C3 150000mt Tubarao - Beilun/Baoshan 15 83.825 -0.133

C4 150000mt Richards Bay - Rotterdam 5 45.359 -1.436

C5 150000mt W Australia - Beilun/Baoshan 15 35.241 -0.136

C7 150000mt Bolivar - Rotterdam 5 44.982 -0.232

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 161682 -773

C9_03 172000mt Continent/Mediterranean trip Far East 5 211208 -1042

C10_03 172000mt Pacific RV 20 160688 -937

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 120675 -1908

C12 150000mt Gladstone - Rotterdam 10 61.473 -0.595

Average of the T/C Routes 163563 -1165

Baltic Exchange Panamax Index 11415 (DOWN 100)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 85145 -581

P2A_03 74000mt SKAW-GIB/FAR EAST 25 89987 -861

P3A_03 74000mt Japan-SK/Pacific/RV 25 97688 -1014

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 97389 -782

Average of the T/C Routes 92552 -810

Baltic Exchange Supramax Index 6897 (DOWN 52)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 71339 -429

S1B Canakkale Trip Far East 12.5 66392 -195

S2 Japan - SK / NOPAC or Australia rv 25 74454 -700

S3 Japan - SK Trip Gib - Skaw range 25 74277 -700

S4A US Gulf - Skaw-Passero 12.5 93845 -642

S4B Skaw-Passero - US Gulf 12.5 47932 -248

Average of the T/C Routes 72121 -539

Baltic Exchange Handysize Index 3187 (DOWN 11)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 35050 -243

HS2 Skaw - Passero trip Boston - Galveston 12.5 34717 -240

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 62779 -221

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 63613 -277

HS5 SE Asia trip via Australia to Singapore - Japan 25 45296 -186

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43596 128

Average of the T/C Routes 46743 -137

The Baltic Dry Index 011107

Dry cargo fixture summary - 01 November 2007 ==========================

BDI Baltic Dry Index 10581 DOWN 75
BCI Baltic Capesize Index 13988 DOWN 90
BPI Baltic Panamax Index 11415 DOWN 100
BSI Baltic Supramax Index 6897 DOWN 52
BHSI Baltic Handysize Index 3187 DOWN 11

Timecharter
------------
'Southern Explorer' 2002 177493 dwt dely Nantong 11/13 Nov trip via West
Australia redel China $160000 daily - BHP Billiton

'NJ Goulandris TBN' newbuilding 82000 dwt dely ex yard Far East end 2009/ely
2010 5 years trading redel worldwide $32500 daily - Korea Line

'Navios Alegria' 2004 76466 dwt dely Amsterdam 8/17 Nov 13/14 months trading
redel worldwide $85000 daily - Eitzen - <fixed 29 Oct>

'Torm Tina' 2001 75966 dwt dely Kaohsiung 8/15 Nov trip via Indonesia redel
UK $105000 daily - SSE

'Atlantic Horizon' Cargill relet 2006 75709 dwt dely Barcelona 5/7 Nov 2
laden legs redel worldwide $90500 daily - Navios

'Seaguardian' 1999 75462 dwt dely S.China 8/12 Nov 3/5 months trading redel
worldwide $98000 daily - BHP Billiton

'Archon' 2001 75121 dwt dely Cartagena end Oct trip via Kamsar redel
Continent $95500 daily - Oldendorff - <recent>

'Thalia' 2001 75115 dwt dely Worldwide Jan/Mar 2009 5 years trading redel
worldwide $31500 daily - MOSK - <fixed last week>

'Fortune Lady' 1998 74761 dwt dely Brindisi 4/5 Nov 2 laden legs redel
Atlantic $85000 daily - European chrtr

'Angelina' 2001 74540 dwt dely Muroran 14/17 Nov trip via NoPac redel
Singapore-Japan rge $100000 daily - Dreyfus

'Myrto' 2001 74507 dwt dely Continent 9/12 Nov trip via USEC redel Jorf
Lasfar $84000 daily - Fairfield

'Medi Tokyo' 1999 74356 dwt dely S.Korea 15/17 Nov 4/6 months trading redel
worldwide $90000 daily - Armada

'Yialia' 1980 61203 dwt dely New Orleans 19/21 Nov trip via US Gulf redel
Spain $68500 daily + $1.2 million bb - Proline

'Lian Hua Hai' 47919 47919 dwt dely Haldia 2/12 November trip redel China
$65000 daily - Uniwell

'Cos Cherry' 1996 46840 dwt dely Tarragona 3/8 November trip via Brazil
redel Red Sea-PMO range $67000 daily - STX Pan Ocean

'Jop' 2000 28075 dwt dely Kashima spot trip via Nopac redel Singapore- Japan
range $45000 daily - IHC

'Nova Miracle' 1988 21989 dwt dely Rizhao 12/21 Nov trip via South Korea
redel south east Asia $30000 daily - Samok

Ore
---
'STX Pan Ocean TBN' 170000/10 Saldanha/Kwangyang a/o Pohang 1/5 Dec
$56.65 fio scale/60000sc - POSCO

'TBN' 70000/10 Seven Islands/Ijmuiden 13/18 Nov $34.50 fio 5 days sc - Corus

'Aquahope' 1997 / - <reported 31/10 failed to STX Pan Ocean>

Coal
----
'TBN' 160000/10 Richards Bay/Rotterdam 15/30 Nov $45.50 fio scale/25000sc
- Swiss Marine

'Southern Galaxy' 1991 150000/10 Richards Bay/Rotterdam 1/15 Dec $43.75 fio
scale/25000sc - BHP Billiton

'Anangel Enosis' Sinochart relet 1995 50000/10 Maracaibo/Ijmuiden 2/7 Nov
$70.00 fio 5 days sc - Corus

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 31/10/2007

The Daily Fixtures Report - 31/10/2007
-------------------------

BDI 10656 DOWN 230
BCI 14078 DOWN 547
BPI 11515 DOWN 198
BSI 6949 DOWN 7
BHSI 3198 DOWN 20

TIMECHARTER
'Semirio' 2007 174261 dwt dely Taranto 9/11 Nov trip via Colombia redel
Skaw-Cape Passero $152000 daily - Cargill 'Mineral Antwerpen' 2003 172170
dwt dely Rizhao spot trip via West Australia redel China $155000 daily -
BHP Billiton 'Lowlands Beilun' 1999 170162 dwt dely Shanghai 15/17 Nov 4/6
months trading redel worldwide $165000 daily - BHP Billiton 'Kyla' 1982
134806 dwt dely PMO 1/10 Jan 12 months trading redel worldwide $75000 daily
- grain house 'Ariana' 2005 76631 dwt dely Taiwan 4/6 Nov trip via
Indonesia redel Japan $94000 daily - cnr 'Amapola' EdF relet 2002 76598 dwt
dely Rotterdam 2/4 Nov 2 laden legs via Ponta Da Madeira redel Far East
$90000 daily - Dreyfus 'Grain Harvester' relet 2004 76417 dwt dely
Zhanjiang 6/8 Nov balance of period
1/21 Mar redel worldwide $97000 daily - Dreyfus 'Oceanis' 2001 75211 dwt
dely Beihai 9/11 Nov trip via Indonesia redel Bridgeport $95000 daily -
Baumarine 'Waimea' Daeyang relet 1997 73048 dwt dely Worldwide Jan/Feb 2008
12 months trading redel worldwide $80000 daily - Sealink Hong Kong 'Lopi Z'
1998 71892 dwt dely Vietnam 15/17 Nov 18 months trading redel worldwide
$79000 daily - Rizzo-Bottiglieri-De Carlini Armatori Spa - 'Prem Poorva'
1994 69286 dwt dely Xingang 1/5 Nov trip via Australia redel India $96000
daily - Golden Ocean 'Yuanning Sea' 2004 55000 dwt dely Kandla 8/12
November trip redel China $80500 daily - Cosbulk 'Ocean Prefect' 2003 53035
dwt dely Worldwide Dec 07/Feb 08 abt 20 months trading redel worldwide
$62000 daily - cnr 'Rainbow' 2004 52000 dwt dely West Coast Italy spot
trip via Arabian Gulf redel PMO approx $67500 daily - cnr 'Gulf Globe' 1994
43246 dwt dely South China 8/15 November 12 months trading redel worldwide
$60000 daily - Korea Line 'Winner' 1975 27223 dwt dely Santos 8/18 Nov trip
via east coast South America redel Valencia-Malta range $45500 daily -
Proline

ORE
'Constellation TBN' 180000/10 Ponta Da Madeira/Pohang 30 Nov/14 Dec
$78.75 fio
scale/45000sc - POSCO
'Aquahope' 1997 150000/10 West Australia/Beilun & Shanghai 15/20 Nov $36.00
fio scale/30000sc - STX Pan Ocean Zodiac VLOC TBNs' VLCC conversions
20000/10 Tubarao/Caofedian consecutive voyages over 7.5 years commencing
Aug/Sept 2009 $21.40 basis $120 bunkers at Singapore fio scale/30000sc - Guo
Feng Steel -

COAL
'Castillo de San Jorge' 1989 160000/10 Richards Bay/Rotterdam 15/30 Nov
$47.75
fio scale/25000c - Swiss Marine

FW: THE DAILY FIXTURES REPORT 30/10/07

The Daily Fixtures Report - 30/10/2007
-------------------------

BDI 10886 DOWN 147
BCI 14625 DOWN 572
BPI 11713 UP 72
BSI 6956 UP 20
BHSI 3218 DOWN 11

TIMECHARTER
'Tien Shan' 1994 128825 dwt dely Cape Passero 4/10 Nov 4/6 months trading
redel worldwide $130000 daily - CTM - 'Coal Gypsy' Sinochart relet 2006
82187 dwt dely Port Talbot 2/5 Nov trip via EC South America redel
Singapore-Japan rge $105000 daily - Noble 'Alessandro Volta' 2005 76806 dwt
dely Skaw 4/5 Nov trip via EC South America redel Singapore-Japan rge
$94500 daily - TMT - 'Patrizia D'Amato' Hanjin relet 2004 76633 dwt dely
N.Spain end Nov/early Dec
5/6 months trading redel worldwide $96000 daily - cnr 'Shinyo Brilliance'
2004 75707 dwt dely Kaohsiung 4/9 Nov trip via Indonesia redel China
$98000 daily - cnr 'Coronado' 2000 75706 dwt dely Liverpool 31 Oct/2 Nov 12
months trading redel worldwide $82750 daily - Cargill 'Marina' 2000 75122
dwt dely Rizhao 31 Oct/3 Nov balance of period 35/40 days redel
Singapore-Japan rge $85000 daily - Golden Ocean - 'Tian Zhu Feng' 2000 74200
dwt dely retro El Ferrol 18 Oct trip via River Plate redel China $89000
daily - Grand Ocean 'Great Eagle' MOSK relet 2005 74143 dwt dely Zhoushan
4/6 Nov trip via Newcastle redel Taiwan $100000 daily - Ta Ho
'Capt.Stefanos' 2002 74077 dwt dely Nantong 1/10 Nov 2 laden legs redel
worldwide $100000 daily - BHP Billiton 'Red Nacre' 1999 73739 dwt dely
Taiwan 29/31 Oct trip via Indonesia redel Hong Kong $95000 daily - D'Amico
'Huang Shan Hai' 1998 73596 dwt - GIEX as reported 29/10>
'Solidarnosc' 1991 73470 dwt dely Rotterdam 12/21 Nov 4/6 months trading
redel worldwide $89000 daily - Transfield 'Fu Min' 1997 72437 dwt dely
Kaohsiung 30 Oct/4 Nov trip via Kalimantan redel Spain $110000 daily - cnr
'Birthday' 1993 71504 dwt dely Gladstone 3/9 Nov trip redel Japan $95000
daily
+ approx $1.1 million bb - NYK
'Xinshi Hai' EdF relet 1995 70728 dwt dely aps Southwest Pass 5/10 Nov trip
redel Singapore-Japan rge $85500 daily + $1.35 million bb - Cargill 'Iguana'
1996 70349 dwt dely Taiwan 11/13 Nov 12 months trading approx $78750 daily
- Sinochart - 'Annoula' 1997 70281 dwt dely Pag Bilao ely Nov trip via
Indonesia redel Taiwan $90000 daily - OBS - 'Jin Pu Hai' Navios relet 1996
69902 dwt dely Lisbon 1/10 Nov period until 1
Oct/1 Nov 2009 redel worldwide $78000 daily - Rizzo-Bottiglieri-De Carlini
Armatori Spa - 'Flag Splendour' 1981 64919 dwt dely Lorient spot 5/7 months
trading redel worldwide $70000 daily - cnr 'Dubai Ambassador' 2004 56062 dwt
dely Longkou 30/31 October trip redel Black Sea approx $85000 daily -
Western Bulkcarriers 'Namrun' 2007 55000 dwt dely ex yard China 20/30
November 2 years trading redel worldwide approx $62500 daily - Korean
charterer 'Serenity 1' 2006 53688 dwt dely Lianyungang 1/5 November 4/6
months trading redel worldwide approx $75000 daily - grain house 'Atermon'
1986 38880 dwt dely Durban 1/10 Dec trip via South Africa redel Cont/Med
approx $63000 daily option redel Far East approx $68000 daily - IVS -
<(fixed recently)>
'Masuren' 1997 36120 dwt -

ORE
'Mineral Nippon' 2007 200000/10 Guaiba/Qingdao 20/30 Nov $88.00 fio
scale/30000sc - NCS - 'Zodiac VLOC TBNs' 200000/10 Tubarao/Caofeidian 7
years consecs commencing Jan/Mar 2009 $20.80 based on Rotterdam bunkers at
$120 fio scale/30000sc
- Guo
Feng Steel
'STX Pan Ocean TBN' 160000/10 Guaiba/Kwangyang & Pohang 26 Nov/10 Dec
$78.75 fio
scale/60000sc-45000sc - POSCO
'Princess Natalie' Atlas Bulk Shipping relet 1989 60000/10 Kokkola/Redcar
2/7 Nov $27.00 fio 5 days sc - Corus

COAL
'Alpha Cosmos' EdF relet 2001 160000/10 Richards Bay/Rotterdam 20/30 Nov
$49.05
fio scale/25000sc - Dreyfus

THE BALTIC DRY INDEX FIXTURES REPORT 29/10/2007

The Daily Fixtures Report - 29/10/2007
-------------------------

BDI 11033 UP 8
BCI 15197 DOWN 126
BPI 11641 UP 133
BSI 6936 UP 21
BHSI 3229 DOWN 3

TIMECHARTER
'Great Navigator' 2006 176303 dwt dely Mizushima 15/16 Nov 24 months
trading redel worldwide $150000 daily - Daebo 'Jin Tai' Cosco Qingdao relet
2004 173880 dwt dely Qingdao in d/c 15/20 Nov trip via West Australia redel
China $184000 daily - BHP Billiton 'Lord Byron' CTP relet 2005 76838 dwt
dely Cape Passero 30/31 Oct trip via Brazil redel China int ore $96000
daily - TMT 'Lord Byron' 2005 76838 dwt dely Cape Passero 30/31 Oct 5.5/7.5
months trading redel worldwide $94500 daily - CTP - 'Red Queen' 2005 76752
dwt dely Praia Mole 4/6 Nov trip via Brazil redel China $88000 daily +
$1.5 million bb - Glory Wealth 'Teo' 2002 76421 dwt dely Kashima 27/30 Oct
trip via Indonesia redel Med $105000 daily - Enel 'Peppino D'Amato' 2005
75500 dwt dely Mawan 28 Oct/6 Nov trip via China redel Singapore-Japan rge
$100000 daily - BHP Billiton 'Amira' 2001 74507 dwt dely Mailiao 7/9 Nov
trip via Indonesia redel Continent approx $100000 daily - Cargill
'Erato' 2004 74444 dwt -
'Huang Sheng Hai' 1998 73596 dwt dely Mississippi River 8/12 Nov trip via
US Gulf & Jebel Ali redel PMO $90000 daily + $1.6 million bb - GIEX
'Amfialos' Probulk relet 1990 71749 dwt dely Worldwide April/June 2008
balance of period until Aug/Oct 2009 redel worldwide $65000 daily - Atlas
Bulk Shipping 'TPC Arirang' 1994 71535 dwt dely Zhanjiagang 30 Oct/5 Nov
trip via Indonesia redel Skaw-Cape Passero $100000 daily - Enel
'Birthday' 1993 71504 dwt - business failed>
'Fortezza' 1993 69634 dwt dely Rizhao 31 Oct/3 Nov abt 4 months trading
redel worldwide $93000 daily - Cargill 'Belem' 1995 68500 dwt dely Dalian
4/6 Nov 4/6 months trading redel worldwide $92500 daily - CTP - 'Vinashin
Moonstone' 1984 63400 dwt dely Cape Passero 2/5 Nov trip via US Gulf & Med
redel Cape Passero $75000 daily - Dreyfus 'Five Stars Eternal' 1982 60665
dwt dely N.China 31 Oct/1 Nov trip via N.China redel Taiwan $75000 daily -
cnr 'Ince Inebolu' 2002 52370 dwt dely Japan 15/30 November 11/13 months
trading redel worldwide approx $70750 daily - Chinese charterer - 'Masuren'
1997 open hatch type 36120 dwt dely Antwerp 7/10 Nov trip redel USGulf
$48000 daily - cnr 'VInalines Sai Gon' 1991 26369 dwt dely Beira 8/12 Nov
trip via South Africa redel UK/Continent $47000 daily - Oldendorff

ORE
'Hebei Loyalty' 1987 160000/10 Ponta da Madeira/Beilun & Baoshan 15/24 Nov
$85.00 fio scale/30000sc - Oceanbulk

COAL
'Pacific Accord' 2007 160000/10 Richards Bay/Sines 20/30 Nov $45.00 fio
scale/30000sc - Bocimar - timecharter>

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 26/10/2007

The Daily Fixtures Report - 26/10/2007
-------------------------

BDI 11025 UP 31
BCI 15323 DOWN 80
BPI 11508 UP 161
BSI 6915 UP 24
BHSI 3232 UNCHANGED

TIMECHARTER
'Pacific Accord' 2007 180000 dwt dely ex-yard Imabari spot trip via
Richards Bay redelivery Sines $122000 daily - Bocimar 'Ocean Lord' 2005
82977 dwt dely Hamburg 29/30 Oct trip via St Lawrence River redel passing
Passero $87000 daily - Cerrahgil 'Yasa Fortune' 2006 82849 dwt dely Far
East Dec 12 months trading redel worldwide $87000 daily - Sinochart 'Queen
Lily' 2004 76629 dwt dely Rotterdam 1/5 Nov trip via Brazil redel China
$93000 daily - Pioneer Metals 'Ocean Lily' 2006 76585 dwt dely Sete 28/29
Oct trip via Brazil redel China $93000 daily - cnr 'Marina' 2000 75122 dwt
dely Rizhao 31Oct/3 Nov trip via Indonesia redel China $85000 daily - cnr
'Topeka' 2000 74710 dwt dely Hoping 3/10 Nov balance of period upto 20 Oct
2008 redel worldwide $86000 daily - Kleimar 'Erato' 2004 74444 dwt dely Far
East Nov/Dec 12/14 months redel worldwide $80300 daily - CTP 'Clipper
Emperor' 2000 74381 dwt dely Fos 27/28 Oct trip via Brazil redel China
$92000 daily - Chinese chrtr 'Ever Shining' 1999 74346 dwt dely worldwide
Jan 2008 1 years trading redel worldwide $80000 daily - cnr 'Four Coal' 1999
74020 dwt dely China 25/30 Nov 2 years trading redel worldwide $73500 daily
- Crownland 'Lowlands Sumida' 1998 72493 dwt dely Goa 10/15 Nov trip redel
China $100000 daily - Indian chrtr 'Birthday' 1993 71504 dwt dely
Gladstone 3/9 Nov trip redel Malaysia $93000 daily + $1million bb - cnr
'Wadi Alarab' 1995 70100 dwt dely Nanjing 5/10 Nov 5/7 months trading redel
worldwide $93000 daily - cnr 'Panamax Anna' 1982 64747 dwt dely Tarragona
5/10 Nov trip via Kamsar redel Stade $72500 daily - Proline 'Stella Maris'
2007 52454 dwt dely Altamira 29 Oct/5 Nov trip via USGulf redel
Skaw/Passero $88000 daily - Noble - 25/10> 'Topaz' 1985 46874 dwt dely
East Coast India 1/10 November 5/7 months trading redel worldwide $65000
daily - Seawin 'Clipper Lis' 1996 26412 dwt dely Dalian 29/30 Oct trip via
China redel Indonesia $40000 daily - AWB

The Baltic Dry index as of 25.Oct.07

Subject: index as of 25.Oct.07

Daily Summary of Baltic Exchange Dry Indices

25 October 2007

Baltic Exchange Dry Index TM 10994 (UP 10)

Baltic Exchange Capesize Index TM 15403 (DOWN 84)

Baltic Exchange Panamax Index TM 11347 (UP 90)

Baltic Exchange Supramax Index TM 6891 (UP 19)

Baltic Exchange Handysize Index TM 3232 (UP 8)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $182829 (DOWN 1093)

BPI Average of the T/C routes $91975 (UP 740)

BSI Average of the T/C routes $72054 (UP 197)

BHSI Average of the T/C routes $47358 (UP 95)

Baltic Exchange Capesize Index 15403 (DOWN 84)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 46.518 -0.105

C3 150000mt Tubarao - Beilun/Baoshan 15 87.833 -0.471

C4 150000mt Richards Bay - Rotterdam 5 50.455 -0.490

C5 150000mt W Australia - Beilun/Baoshan 15 38.368 -0.118

C7 150000mt Bolivar - Rotterdam 5 48.086 -0.123

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 180155 -1045

C9_03 172000mt Continent/Mediterranean trip Far East 5 227808 -1284

C10_03 172000mt Pacific RV 20 187917 -1625

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 135438 -416

C12 150000mt Gladstone - Rotterdam 10 65.105 -0.163

Average of the T/C Routes 182829 -1093

Baltic Exchange Panamax Index 11347 (UP 90)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 85564 474

P2A_03 74000mt SKAW-GIB/FAR EAST 25 89388 400

P3A_03 74000mt Japan-SK/Pacific/RV 25 99136 880

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 93811 1206

Average of the T/C Routes 91975 740

Baltic Exchange Handysize Index 3232 (UP 8)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 35900 186

HS2 Skaw - Passero trip Boston - Galveston 12.5 35571 192

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 63100 406

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 64375 225

HS5 SE Asia trip via Australia to Singapore - Japan 25 46389 -40

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43571 -83

Average of the T/C Routes 47358 95

Baltic Exchange Supramax Index 6891 (UP 19)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 70941 373

S1B Canakkale Trip Far East 12.5 66433 -46

S2 Japan - SK / NOPAC or Australia rv 25 73977 289

S3 Japan - SK Trip Gib - Skaw range 25 73418 454

S4A US Gulf - Skaw-Passero 12.5 95975 -195

S4B Skaw-Passero - US Gulf 12.5 48293 -43

Average of the T/C Routes 72054 197

The Baltic Dry Index T/C & Daily Panamax Report 25th Oct

Subject: T/C & Daily Panamax Report 25th October

Dry cargo fixture summary - 25 October 2007 ==========================

BDI Baltic Dry Index 10994 UP 10
BCI Baltic Capesize Index 15403 DOWN 84
BPI Baltic Panamax Index 11347 UP 90
BSI Baltic Supramax Index 6891 UP 19
BHSI Baltic Handysize Index 3232 UP 8

Timecharter
------------
'Antonis Angelicoussis' 2007 178000 dwt dely ex yard SWS 6/10 November trip
via west Australia redel China $186000 daily - BHP-Billiton

'Peace Blossom' 1987 149000 dwt dely Xiamen 7/10 Nov trip via west Australia
redel China $155000 daily - Glory Wealth

'Yasa Neslihan' 2005 82849 dwt dely Taiwan 1/5 Nov trip via Indonesia redel
Japan $110000 daily - Japanese chrtrs

'Ore Hansa' 2006 82295 dwt dely Chiba 5/10 Nov 3/4 months trading redel
worldwide $105000 daily - STX Pan Ocean

'Double Prosperity' 2005 76633 dwt dely Brazil end Oct trip with iron ore
redel China $85000 + $1.5 million bb - Glory Wealth

'Priscilla Venture' 2008 76000 dwt dely worldwide Feb/Mar 2008 12/13 months
trading redel worldwide $80000 daily - Blystaad

'Navios Hyperion' 2004 75707 dwt dely passing Passero 23 Oct 2 laden legs
first leg via EC South America redel Far East $90000 daily - cnr

'Seattle Trader' 2000 75600 dwt dely Kohsichang 27/29 Oct trip via Port
Hedland redel south of Shanghai approx $112000 daily if redel Shanghai or
north approx $120000 daily - BHP Billiton

'Atlantic Eagle' 2001 74086 dwt dely India 1/5 Nov trip via west coast India
redel China $95000 daily - Chokang

'Gertrud Salamon' 2000 74078 dwt dely worldwide Nov07/Jan 08 9/10 months
trading redel worldwide $82500 daily - Armada

'Lowlands Sumida' 1998 72493 dwt dely Goa 8/15 Nov trip via west coast India
redel China approx $99500 daily - Indian chrtrs

'Triton Lark' 2005 56025 dwt dely West Africa 4/11 November trip via East
Coast South America redel Singapore-Japan $80000 daily - Korean charterer

'Aquitania' 2006 55932 dwt dely Kandla 5/12 November trip redel China approx
$77500 daily - cnr

'Avra' 2004 53806 dwt dely Worldwide Nov/Dec 2007 18/20 months trading redel
worldwide $68000 daily - Korean charterer

'Stella Maris' 2007 52454 dwt dely Altamira 29 Oct/5 Nov trip via USGulf
redel Portugal $90000 daily - Noble

'Mystras' Transfield relet 2001 48377 dwt dely Tonda 27/28 October 3/4
months trading redel worldwide $73000 daily - BHP Billiton

'Jin Qiang' 1998 47324 dwt dely Gijon retro 19 October trip via USGulf redel
Singapore-Japan $62000 daily - Korean charterer

'Jian Qiang' Hanjin relet 1996 46807 dwt dely Zhanjiagang 27/30 October
4/5 months trading redel worldwide approx $69500 daily - cnr

'Dorine' 1998 41488 dwt dely Mississippi River 27/30 October trip redel
Spain approx $69500 daily - Transgrain

'Tassos N' 1986 41343 dwt dely Portbury spot trip via UK redel Egyptian Med
$65000 daily - Norton

'Maritime Peace' 1983 26384 dwt dely Casablanca 1/5 November trip via East
Coast South America redel Singapore-Japan $34750 daily - Cargill

Ore
---
'STX Pan Ocean TBN' 170000/10 Tubarao/Kwangyang 17 Nov/1 Dec $83.74 fio
scale/60000 - Posco

Coal
----
'Tai Shan' 160000/10 Port Hedland/Qingdao 15/30 Nov $38.50 fio scale/30000sc
- BHP-Billiton

Misc
----
'DS Manatee' 2002 25000/10 Pet Coke USGulf/Dublin 29/31 October approx
$75.00 fio 12000sc/9000sc - Irish Cement

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT 25/10/2007

The Daily Fixtures Report - 25/10/2007
-------------------------

BDI 10994 UP 10
BCI 15403 DOWN 84
BPI 11347 UP 90
BSI 6891 UP 19
BHSI 3232 UP 8

TIMECHARTER
'Antonis Angelicoussis' 2007 178000 dwt dely ex yard SWS 6/10 November trip
via west Australia redel China $186000 daily - BHP-Billiton 'Peace Blossom'
1987 149000 dwt dely Xiamen 7/10 Nov trip via west Australia redel China
$155000 daily - Glory Wealth 'Yasa Neslihan' 2005 82849 dwt dely Taiwan 1/5
Nov trip via Indonesia redel Japan $110000 daily - Japanese chrtrs 'Ore
Hansa' 2006 82295 dwt dely Chiba 5/10 Nov 3/4 months trading redel
worldwide $105000 daily - STX Pan Ocean 'Double Prosperity' 2005 76633 dwt
dely Brazil end Oct trip with iron ore redel China $85000 + $1.5 million bb
- Glory Wealth 'Priscilla Venture' 2008 76000 dwt dely worldwide Feb/Mar
2008 12/13 months trading redel worldwide $80000 daily - Blystaad 'Navios
Hyperion' 2004 75707 dwt dely passing Passero 23 Oct 2 laden legs first leg
via EC South America redel Far East $90000 daily - cnr 'Seattle Trader' 2000
75600 dwt dely Kohsichang 27/29 Oct trip via Port Hedland redel south of
Shanghai approx $112000 daily if redel Shanghai or north approx $120000
daily - BHP Billiton 'Atlantic Eagle' 2001 74086 dwt dely India 1/5 Nov
trip via west coast India redel China $95000 daily - Chokang 'Gertrud
Salamon' 2000 74078 dwt dely worldwide Nov07/Jan 08 9/10 months trading
redel worldwide $82500 daily - Armada 'Lowlands Sumida' 1998 72493 dwt dely
Goa 8/15 Nov trip via west coast India redel China approx $99500 daily -
Indian chrtrs 'Triton Lark' 2005 56025 dwt dely West Africa 4/11 November
trip via East Coast South America redel Singapore-Japan $80000 daily -
Korean charterer 'Aquitania' 2006 55932 dwt dely Kandla 5/12 November trip
redel China approx $77500 daily - cnr 'Avra' 2004 53806 dwt dely Worldwide
Nov/Dec 2007 18/20 months trading redel worldwide $68000 daily - Korean
charterer 'Stella Maris' 2007 52454 dwt dely Altamira 29 Oct/5 Nov trip
via USGulf redel Portugal $90000 daily - Noble 'Mystras' Transfield relet
2001 48377 dwt dely Tonda 27/28 October 3/4 months trading redel worldwide
$73000 daily - BHP Billiton 'Jin Qiang' 1998 47324 dwt dely Gijon retro 19
October trip via USGulf redel Singapore-Japan $62000 daily - Korean
charterer 'Jian Qiang' Hanjin relet 1996 46807 dwt dely Zhanjiagang 27/30
October
4/5
months trading redel worldwide approx $69500 daily - cnr 'Dorine' 1998 41488
dwt dely Mississippi River 27/30 October trip redel Spain approx $69500
daily - Transgrain 'Tassos N' 1986 41343 dwt dely Portbury spot trip via
UK redel Egyptian Med $65000 daily - Norton 'Maritime Peace' 1983 26384 dwt
dely Casablanca 1/5 November trip via East Coast South America redel
Singapore-Japan $34750 daily - Cargill

ORE
'STX Pan Ocean TBN' 170000/10 Tubarao/Kwangyang 17 Nov/1 Dec $83.74 fio
scale/60000 - Posco

COAL
'Tai Shan' 160000/10 Port Hedland/Qingdao 15/30 Nov $38.50 fio scale/30000sc
- BHP-Billiton

MISC
'DS Manatee' 2002 25000/10 Pet Coke USGulf/Dublin 29/31 October approx
$75.00 fio 12000sc/9000sc - Irish Cement

The Baltic Dry index as of 24.oct.07

Daily Summary of Baltic Exchange Dry Indices

24 October 2007

Baltic Exchange Dry Index TM 10984 (UP 40)

Baltic Exchange Capesize Index TM 15487 (DOWN 28)

Baltic Exchange Panamax Index TM 11257 (UP 119)

Baltic Exchange Supramax Index TM 6872 (UP 27)

Baltic Exchange Handysize Index TM 3224 (UP 18)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $183922 (DOWN 294)

BPI Average of the T/C routes $91235 (UP 987)

BSI Average of the T/C routes $71857 (UP 280)

BHSI Average of the T/C routes $47263 (UP 255)

Baltic Exchange Capesize Index 15487 (DOWN 28)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 46.623 -0.200

C3 150000mt Tubarao - Beilun/Baoshan 15 88.304 -0.379

C4 150000mt Richards Bay - Rotterdam 5 50.945 -0.023

C5 150000mt W Australia - Beilun/Baoshan 15 38.486 0.036

C7 150000mt Bolivar - Rotterdam 5 48.209 -0.241

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 181200 -1073

C9_03 172000mt Continent/Mediterranean trip Far East 5 229092 -1096

C10_03 172000mt Pacific RV 20 189542 -354

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 135854 1346

C12 150000mt Gladstone - Rotterdam 10 65.268 0.491

Average of the T/C Routes 183922 -294

Baltic Exchange Panamax Index 11257 (UP 119)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 85090 114

P2A_03 74000mt SKAW-GIB/FAR EAST 25 88988 -17

P3A_03 74000mt Japan-SK/Pacific/RV 25 98256 2196

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 92605 1652

Average of the T/C Routes 91235 987

Baltic Exchange Handysize Index 3224 (UP 18)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 35714 350

HS2 Skaw - Passero trip Boston - Galveston 12.5 35379 315

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 62694 683

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 64150 410

HS5 SE Asia trip via Australia to Singapore - Japan 25 46429 72

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43654 68

Average of the T/C Routes 47263 255

Baltic Exchange Supramax Index 6872 (UP 27)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 70568 573

S1B Canakkale Trip Far East 12.5 66479 -37

S2 Japan - SK / NOPAC or Australia rv 25 73688 394

S3 Japan - SK Trip Gib - Skaw range 25 72964 523

S4A US Gulf - Skaw-Passero 12.5 96170 -190

S4B Skaw-Passero - US Gulf 12.5 48336 63

Average of the T/C Routes 71857 280

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

S5 W.Africa via ECSA to FarEast 0 72318 1050

S6 Jpn-SK trip via Aus/India 0 72691 423

S7 Trial: EC India - China 0 71558 1381

The Baltic Dry Index T/C & Daily Panamax Report 24th Oct

Subject: T/C & Daily Panamax Report 24th October

Dry cargo fixture summary - 24 October 2007 ==========================

BDI Baltic Dry Index 10984 UP 40
BCI Baltic Capesize Index 15487 DOWN 28
BPI Baltic Panamax Index 11257 UP 119
BSI Baltic Supramax Index 6872 UP 27
BHSI Baltic Handysize Index 3224 UP 18

Timecharter
------------
'Ina' 2003 176423 dwt dely Wakayama 27/28 October trip via West Australia
redel China $190000 daily - BHP-Billiton

'Mineral Tianjin' 2004 174000 dwt dely Qingdao trip via Richards Bay +
Denmark redel Skaw $130000 daily first 55 days and 190000 daily for balance
- Kleimar

'Lady Maria Luisa' 2007 76500 dwt dely Imabari spot trip via Queensland
redel Taiwan $98000 daily - cnr

'Maritime Lijang' 2006 76032 dwt dely Haldia 25/30 October trip via East
Coast India redel China $100000 daily - cnr

'Nordems' 2001 75253 dwt dely Worldwide February 2008 1 years trading redel
worldwide $78500 daily - Cosco

'Cinzia D'Amato' 2000 74716 dwt dely North China 29/31 October 4/5 months
trading redel worldwide $93000 daily - cnr

'Fortune Lady' 1998 74694 dwt dely Brindisi 5/20 Nov 3 years trading redel
worldwide approx $67000 daily - Parkroad

'Great Intelligence' 2000 74293 dwt dely Qingdao spot trip via Nopac redel
Singapore-Japan $90000 daily - Cargill

'Alabanda' 1995 74040 dwt dely Chiba 29 Oct/3 Nov trip via Nopac redel
Singapore-Japan $101000 daily - Cargill

'Sealuck 2' Eitzen relet 2004 55452 dwt dely Lianyungang 26/30 October trip
via Nopac redel Saudi Arabia approx $77500 daily - JKI

'D Duckling' 2001 52068 dwt dely Fangcheng 1/3 November trip redel West
Coast India $75000 daily - cnr

'VOC Galaxy' 2002 51201 dwt dely Paradip 26/28 October trip redel China
approx $75000 daily - cnr

'Clementine' 2004 50238 dwt dely Nagoya 28 Oct/2 Nov 4/5 months trading
redel worldwide approx $76000 daily - Eitzen

'Atlantica' 2001 50000 dwt dely Cochin 27/31 October trip redel China $70000
daily - Benemar

THE BALTIC DRY INDEX THE DAILY FIXTURES REPORT

 

The Daily Fixtures Report 24/10/2007

BDI 10984 UP   40
BCI 15487 DOWN 28
BPI 11257 UP  119
BSI  6872 UP   27
BHSI 3224 UP   18

TIMECHARTER
'Ina' 2003 176423 dwt  dely Wakayama 27/28 October  trip via West Australia
redel China $190000 daily - BHP-Billiton
'Mineral Tianjin' 2004 174000 dwt  dely Qingdao  trip via Richards Bay + Denmark
redel Skaw $130000 daily first 55 days and 190000 daily for balance - Kleimar
'Lady Maria Luisa' 2007 76500 dwt  dely Imabari spot  trip via Queensland redel
Taiwan $98000 daily - cnr
'Maritime Lijang' 2006 76032 dwt  dely Haldia 25/30 October  trip via East Coast
India redel China $100000 daily - cnr
'Nordems' 2001 75253 dwt  dely Worldwide February 2008 1 years trading redel
worldwide $78500 daily - Cosco
'Cinzia D'Amato' 2000 74716 dwt  dely North China 29/31 October 4/5 months
trading redel worldwide $93000 daily - cnr
'Fortune Lady' 1998 74694 dwt  dely Brindisi 5/20 Nov 3 years trading redel
worldwide approx $67000 daily - Parkroad
'Great Intelligence' 2000 74293 dwt  dely Qingdao spot  trip via Nopac redel
Singapore-Japan $90000 daily - Cargill
'Alabanda' 1995 74040 dwt  dely Chiba 29 Oct/3 Nov  trip via Nopac redel
Singapore-Japan $101000 daily - Cargill
'Sealuck 2' Eitzen relet 2004 55452 dwt  dely Lianyungang 26/30 October  trip
via Nopac redel Saudi Arabia approx $77500 daily - JKI
'D Duckling' 2001 52068 dwt  dely Fangcheng 1/3 November  trip redel West Coast
India $75000 daily - cnr
'VOC Galaxy' 2002 51201 dwt  dely Paradip 26/28 October  trip redel China approx
$75000 daily - cnr
'Clementine' 2004 50238 dwt  dely Nagoya 28 Oct/2 Nov  4/5 months trading redel
worldwide approx $76000 daily - Eitzen
'Atlantica' 2001 50000 dwt  dely Cochin 27/31 October  trip redel China $70000
daily - Benemar

 

The Baltic Dry index as of 23.Oct.07

Subject: index as of 23.Oct.07

Daily Summary of Baltic Exchange Dry Indices

23 October 2007

Baltic Exchange Dry Index TM 10944 (UP 91)

Baltic Exchange Capesize Index TM 15515 (UP 32)

Baltic Exchange Panamax Index TM 11138 (UP 224)

Baltic Exchange Supramax Index TM 6845 (UP 26)

Baltic Exchange Handysize Index TM 3206 (UP 22)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $184216 (UP 534)

BPI Average of the T/C routes $90248 (UP 1852)

BSI Average of the T/C routes $71577 (UP 271)

BHSI Average of the T/C routes $47008 (UP 335)

Baltic Exchange Capesize Index 15515 (UP 32)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 46.823 -0.100

C3 150000mt Tubarao - Beilun/Baoshan 15 88.683 -0.205

C4 150000mt Richards Bay - Rotterdam 5 50.968 0.032

C5 150000mt W Australia - Beilun/Baoshan 15 38.450 0.155

C7 150000mt Bolivar - Rotterdam 5 48.450 -0.109

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 182273 364

C9_03 172000mt Continent/Mediterranean trip Far East 5 230188 -229

C10_03 172000mt Pacific RV 20 189896 625

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 134508 1375

C12 150000mt Gladstone - Rotterdam 10 64.777 0.713

Average of the T/C Routes 184216 534

Baltic Exchange Panamax Index 11138 (UP 224)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 84976 455

P2A_03 74000mt SKAW-GIB/FAR EAST 25 89005 637

P3A_03 74000mt Japan-SK/Pacific/RV 25 96060 3537

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 90953 2782

Average of the T/C Routes 90248 1852

Baltic Exchange Handysize Index 3206 (UP 22)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 35364 285

HS2 Skaw - Passero trip Boston - Galveston 12.5 35064 200

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 62011 983

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 63740 484

HS5 SE Asia trip via Australia to Singapore - Japan 25 46357 207

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43586 157

Average of the T/C Routes 47008 335

Baltic Exchange Supramax Index 6845 (UP 26)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 69995 384

S1B Canakkale Trip Far East 12.5 66516 41

S2 Japan - SK / NOPAC or Australia rv 25 73294 321

S3 Japan - SK Trip Gib - Skaw range 25 72441 430

S4A US Gulf - Skaw-Passero 12.5 96360 -50

S4B Skaw-Passero - US Gulf 12.5 48273 291

Average of the T/C Routes 71577 271

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

S5 W.Africa via ECSA to FarEast 0 71268 441

S6 Jpn-SK trip via Aus/India 0 72268 477

S7 Trial: EC India - China 0 70177 1125

The Baltic Dry index as of 22.oct.07

Subject: index as of 22.oct.07

Daily Summary of Baltic Exchange Dry Indices

22 October 2007

Baltic Exchange Dry Index TM 10853 (UP 55)

Baltic Exchange Capesize Index TM 15483 (UP 71)

Baltic Exchange Panamax Index TM 10914 (UP 60)

Baltic Exchange Supramax Index TM 6819 (UP 29)

Baltic Exchange Handysize Index TM 3184 (UP 23)

Daily Summary of the Baltic Exchange Time Charter Routes

Rate($/Day) Change

BCI Average of the T/C routes $183682 (UP 917)

BPI Average of the T/C routes $88396 (UP 495)

BSI Average of the T/C routes $71306 (UP 308)

BHSI Average of the T/C routes $46673 (UP 327)

Baltic Exchange Capesize Index 15483 (UP 71)

Route Number Description Weighting Average Movement

C2 160000lt Tubarao -Rotterdam 10 46.923 0.132

C3 150000mt Tubarao - Beilun/Baoshan 15 88.888 0.393

C4 150000mt Richards Bay - Rotterdam 5 50.936 0.395

C5 150000mt W Australia - Beilun/Baoshan 15 38.295 0.154

C7 150000mt Bolivar - Rotterdam 5 48.559 0.145

C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 181909 682

C9_03 172000mt Continent/Mediterranean trip Far East 5 230417 1417

C10_03 172000mt Pacific RV 20 189271 1063

C11_03 172000mt China/Japan trip Mediterranean/Cont 5 133133 508

C12 150000mt Gladstone - Rotterdam 10 64.064 0.223

Average of the T/C Routes 183682 917

Baltic Exchange Panamax Index 10914 (UP 60)

Route Number Description Weighting Average Movement

P1A_03 74000mt Transatlantic RV 25 84521 404

P2A_03 74000mt SKAW-GIB/FAR EAST 25 88368 345

P3A_03 74000mt Japan-SK/Pacific/RV 25 92523 702

P4_03 74000mt FAR EAST/NOPAC/SK-PASS 25 88171 526

Average of the T/C Routes 88396 495

Baltic Exchange Handysize Index 3184 (UP 23)

Route

Number Description Weighting Average Movement

HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 35079 322

HS2 Skaw - Passero trip Boston - Galveston 12.5 34864 300

HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 61028 656

HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 63256 396

HS5 SE Asia trip via Australia to Singapore - Japan 25 46150 271

HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 43429 200

Average of the T/C Routes 46673 327

Baltic Exchange Supramax Index 6819 (UP 29)

Route

Number Description Weighting Average Movement

S1A Antwerp - Skaw Trip Far East 12.5 69611 468

S1B Canakkale Trip Far East 12.5 66475 175

S2 Japan - SK / NOPAC or Australia rv 25 72973 435

S3 Japan - SK Trip Gib - Skaw range 25 72011 322

S4A US Gulf - Skaw-Passero 12.5 96410 145

S4B Skaw-Passero - US Gulf 12.5 47982 159

Average of the T/C Routes 71306 308