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Baltic Report Date: 08 DECEMBER 2015

BDI  Baltic Exchange Dry Index                                551   0    
BCI  Baltic Exchange Capesize Index(basis 180000 dwt vsl)     870  +18
BPI  Baltic Exchange Panamax Index                            420  -6
BSI  Baltic Exchange Supramax Index                           461  -4  
BHSI Baltic Exchange Handysize Index                          286   0

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Bunker Prices 09-12-2015(*)                    
                             
          IFO380          IFO180          MDO        MGO 
Singapore  184.00          202.00          367.00     377.00    
Rotterdam  163.00          209.50          -         343.50    
Houston    164.50          260.00          -         408.00    
Fujairah   190.50          231.00          -         595.50    
New York   196.50          276.00          -         408.50                                                                                         
                                                                                                        
*courtesy bunkerworld.com

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Baltic Exchange Capesize Index

Route   Description                                         Value($) Change
C2     160000lt Tubarao to Rotterdam(long tons)                                   5.017   +0.028
C3     160000 or 170000mt Tubarao to Qingdao                                    9.190   +0.395
C4     150000mt Richards Bay to Rotterdam                                          4.365   +0.015
C5     160000 or 170000mt W Australia to Qingdao                              4.173   +0.064
C7     150000mt Bolivar to Rotterdam                                                    5.850   +0.035
C15    160000mt Richards Bay to Fangcheng                                        6.486   +0.220
C8_14  180000mt Gibraltar/Hamburg transatlantic r/v                          9050    0
C9_14  180000mt Continent/Mediterranean trip China-Jpn                  14465   +45
C10_14 180000mt China-Japan transpacific r/v                                    7036   +81
C14    180000mt China-Brazil round voyage                                         7509   +232
C16    180000mt Revised backhaul                                                       -782   +23

Weighted Time Charter Average(C8_14,C9_14,C10_14,C14 & C16)    7609   +87
   
The following route does not contribute to the BCI
C17    170000mt Saldanha Bay to Qingdao                                             7.195   +0.402

BCI 4TC - 172,000 4TC average                                                              6322   +37

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Baltic Exchange Panamax Index

Route   Description                                         Value($) Change
P1A_03 74000mt Skaw-Gibraltar, transatlantic r/v              3070    -20
P2A_03 74000mt Skaw-Gibraltar trip to Taiwan-Jpn           7025    -116
P3A_03 74000mt Japan-S.Korea transpacific r/v                 3123    -40
P4_03  74000mt Japan-S.Korea trip to Skaw-Passero          220    -2

Weighted Time Charter Average(P1A_03,P2A_03,P3A_03 & P4_03)   3360    -44

(The following route does not contribute to the BPI)
P3A-IV  74000mt Newcastle to Qingdao - implied voyage         6.36    -0.01


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Baltic Exchange Supramax Index

Route   Description                                                          Value($) Change
S1A  52454 Antwerp - Skaw trip to Singapore-Japan         7646     -33
S1B  52454 Canakkale trip to Singapore-Japan                  6579     -164
S2   52454 S.Korea-Jpn,one Austral. or Pacific r/v            5090     +12
S3   52454 S.Korea-Jpn trip to Skaw-Gibraltar                 3058     -2
S4A  52454 US Gulf trip to Skaw-Passero                       6731     -110
S4B  52454 Skaw-Passero trip to US Gulf                       1329     -39

Weighted Time Charter Average(S1A,S1B,S2,S3,S4A & S4B)        4823     -40

Baltic Exchange Supramax - Asia
S8   52454 S.China trip via Indonesia to EC India              5216    +25
S10  52454 S.China via Indo to S.China                         3766    +28
S11  52454 Mid China, Australian or transpacific rv            4471    +7

Weighted Time Charter Average(S8,S10 & S11)                    4484    +20

The routes below do not form part of the index calculation
S5   52454 WAfr trip via ECSA to N.China                       5418    -69
S9   52454 WAfr trip via ECSA to Skaw-Passero                  3998    -55

Baltic Exchange Supramax 58
S1B_58 58328 Canakkale trip via Med or BlSea to China-S.Korea   7282    -211
S1C_58 58328 USG trip to China-S.Japan                                          9089    -197
S2_58  58328 N.China one Australian or Pacific r/v                          5357    +11
S3_58  58328 N.China trip to W.Africa                                              3225    +6
S4A_58 58328 USG trip to Skaw-Passero                                         7325    -100
S4B_58 58328 Skaw-Passero trip to USG                                         1636    -43
S5_58  58328 W.Africa trip via ECSA to N.China                            6060    -60
S8_58  58328 S.China trip via Indonesia to ECI                               5906    +25
S9_58  58328 W.Africa trip via ECSA to Skaw-Passero                  4698    -65
S10_58 58328 S.China trip via Indonesia to S.China                       4123    +23

Time Charter Average                                                                       5040    -31

Baltic Exchange Supramax 58 - Asia
S8_58  58328 S.China trip via Indonesia to EC India            5906    +25
S10_58 58328 S.China via Indo to S.China                            4123    +23
S11_58 58328 Mid China, Australian or transpacific rv         4950    +18

Time Charter Average                                                              4993    +22
           
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Baltic Exchange Handysize Index

Route   Description                                                                  Value($)  Change
HS1 28000 Skaw-Passero trip to Rio de Janeiro-Recalada        3009     -26
HS2 28000 Skaw-Passero trip to Boston-Galveston                   3566     -9
HS3 28000 Rio de Janeiro-Recalada trip to Skaw-Passero        4766     -48
HS4 28000 USG trip via USG or NCSA to Skaw-Passero        4942     -8
HS5 28000 SE Asia trip via Australia to Spore-Japan               3868     +39
HS6 28000 SKorea-Japan via NOPAC to Spore-Japan             4786     +32

Weighted Time Charter Average(HS1,HS2,HS3,HS4,HS5 & HS6)      4199     +6

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TIMECHARTER

CAPE

'Cape Zenith' 2010 180120 dwt dely Qingdao prompt trip via EC Australia redel South Korea $7,300 daily - Panocean
'Stella' SwissMarine relet 2009 179700 dwt dely Icdas 15/20 Dec trip via Black Sea redel Singapore-Japan $15,250 daily - Phaethon - <swap with
'New Katerina' Phaethon relet> 'Iron Baron' Safbulk relet 1999 169981 dwt dely Gibraltar spot trip via Colombia redel Skaw-Cape Passero $8,000 daily - Cargill - <fixed last week>

POST PANAMAX

'Kmax Vision' 2009 91913 dwt dely dop Hamburg 06/09 Dec 2 laden legs redel Atlantic $$4,400 daily chopt single trip via Baltic redel Med $5,000 daily - SwissMarine

KAMSARMAX

'Fyla' 2013 84104 dwt dely Richards Bay 17/20 Dec trip redel Black Sea $4,500 daily - Phaethon - <corrects rate on report of 7/12>
'Tyana' 2010 82158 dwt dely aps US Gulf 20/30 Dec trip redel Singapore-Japan $9,750 daily + $95,000 bb - Refined Success
'Key Hunter' 2011 82099 dwt dely aps Brazil 05/10 Dec trip redel Skaw-Gibraltar intention grains $6,500 daily - cnr - <corrects rate on report of 7/12>

PANAMAX

'Minoan Dignity' 2004 76801 dwt dely aps EC South America 10/15 Dec trip redel Singapore-Japan $6,000 daily + $125,000 bb - cnr
'Anastasia ' 2006 75331 dwt dely aps Paranagua 20/25 Dec trip redel Singapore-Japan $5,000 daily + $200,000 bb - Hyundai Glovis
'Great Intelligence ' 2000 74293 dwt dely Indonesia mid Dec trip redel South Korea $3,500 daily + $35,000 bb - Hayne Shipping

SUPRAMAX

'Tenki Maru' 2009 58758 dwt dely US Gulf prompt trip redel WCS America intention petcoke $10,750 daily - XO Shipping
'Ton Hil ll' 2014 56047 dwt dely Mississippi River mid Dec trip redel Chittagong $8,500 daily - Louis Dreyfus
'Vienna Wood N' 2011 55768 dwt dely Pascagoula prompt trip redel Singapore-Japan $9,000 daily - Clipper - <recent>
'TR Crown' 2005 53474 dwt dely U.S.Gulf spot trip redel South Brazil $6,250 daily - ADMI

HANDY

'Patria' 2014 32077 dwt dely Bourgas prompt trip via Black Sea redel Black Sea $6,500 daily opt East Med $9,000 daily - cnr

PERIOD

'Seattle' 2011 179362 dwt dely Singapore 09/14 Dec 11/13 months trading redel worldwide $7,300 daily - SwissMarine
'Arcturus' 2001 76397 dwt dely ex dd Zhoushan 05/07 Dec 5/8 months trading redel worldwide $5,000 daily - SwissMarine - <fixed last week>

VOYAGES

ORE

'Alpha Prudence' Pacbulk relet 2007 170000/10 Tubarao/Qingdao 20/30 Dec $9.00 fio scale/30000shinc - Panocean - <recent>
'TBN' 170000/10 W Australia/Qingdao 15/19 Dec $4.25 fio scale/30000shinc - Topsail
'MOL TBN' 170000/10 Dampier/Qingdao 21/25 Dec $4.10 fio scale/30000shinc - Rio Tinto
'TBN' 170000/10 Dampier/ Qingdao 21/25 Dec $4.10 fio scale/30000shinc - Rio Tinto
'K-Line TBN' 170000/10 Saldanha Bay/Qingdao 20/25 Dec $7.00 fio scale/30000shinc - Anglo American

COAL

'New Katerina' Phaethon relet 1997 160000/10 Puerto Bolivar/Hadera 15/19 Dec $5.95 fio 50000shinc/25000shinc - SwissMarine - <swap with the Stella SwissMarine relet >
'TBN' 150000/10 Indonesia/India 20/29 Dec $3.75 fio 15000shinc/40000shinc - Libra - <fixed last week>

GRAIN

'Amazonit' 2011 50000/10 wheat Dunkirk/2 Indonesia prompt $20.50 fio 10000/8000 - Cargill 

(Source: BDI, 8 December)

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