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Baltic Report Date: 15 DECEMBER 2015

BDI  Baltic Exchange Dry Index                                 484 -24
BCI  Baltic Exchange Capesize Index(basis 180000 dwt vsl)      623 -99
BPI  Baltic Exchange Panamax Index                             411 +1
BSI  Baltic Exchange Supramax Index                            449 -1 
BHSI Baltic Exchange Handysize Index                           276 -3

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Bunker Prices 16-12-2015(*)                    
                             
          IFO380          IFO180          MDO        MGO 
Singapore  173.00          187.00          331.00     344.00    
Rotterdam  147.00          193.50          -         297.50    
Houston    149.00          240.50          -         363.00    
Fujairah   169.00          202.50          -         595.00    
New York   182.50          258.50          -         375.00                                                                                                                                                                                                                           
*courtesy bunkerworld.com

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Baltic Exchange Capesize Index

Route   Description                                          Value($) Change
C2     160000lt Tubarao to Rotterdam(long tons)               4.411   -0.250
C3     160000 or 170000mt Tubarao to Qingdao                  8.460   -0.435
C4     150000mt Richards Bay to Rotterdam                     3.795   -0.175
C5     160000 or 170000mt W Australia to Qingdao              3.445   -0.382
C7     150000mt Bolivar to Rotterdam                          4.675   -0.375
C15    160000mt Richards Bay to Fangcheng                     5.345   -0.528
C8_14  180000mt Gibraltar/Hamburg transatlantic r/v            6095   -1110
C9_14  180000mt Continent/Mediterranean trip China-Jpn        12275   -725
C10_14 180000mt China-Japan transpacific r/v                   4514   -991
C14    180000mt China-Brazil round voyage                      6027   -741
C16    180000mt Revised backhaul                              -1436   -209

Weighted Time Charter Average(C8_14,C9_14,C10_14,C14 & C16)    5514   -827

The following route does not contribute to the BCI
C17    170000mt Saldanha Bay to Qingdao                       5.415   -0.680 

BCI 4TC - 172,000 4TC average                                  4242   -759

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Baltic Exchange Panamax Index

Route   Description                                         Value($) Change
P1A_03 74000mt Skaw-Gibraltar, transatlantic r/v              3155     +20
P2A_03 74000mt Skaw-Gibraltar trip to Taiwan-Jpn              6602     -32
P3A_03 74000mt Japan-S.Korea transpacific r/v                 3007     +29
P4_03  74000mt Japan-S.Korea trip to Skaw-Passero              376     +24

Weighted Time Charter Average(P1A_03,P2A_03,P3A_03 & P4_03)   3285     +10

(The following route does not contribute to the BPI)
P3A-IV  74000mt Newcastle to Qingdao - implied voyage         5.92     -0.09

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Baltic Exchange Supramax Index 

Route   Description                                          Value($) Change
S1A  52454 Antwerp - Skaw trip to Singapore-Japan              7317    -75
S1B  52454 Canakkale trip to Singapore-Japan                   6164    -22
S2   52454 S.Korea-Jpn,one Austral. or Pacific r/v             5017    -8
S3   52454 S.Korea-Jpn trip to Skaw-Gibraltar                  3050    -10
S4A  52454 US Gulf trip to Skaw-Passero                        6459    -29
S4B  52454 Skaw-Passero trip to US Gulf                        1475    +99

Weighted Time Charter Average(S1A,S1B,S2,S3,S4A & S4B)         4694    -8

Baltic Exchange Supramax - Asia
S8   52454 S.China trip via Indonesia to EC India              5231    +6
S10  52454 S.China via Indo to S.China                         3806    +9
S11  52454 Mid China, Australian or transpacific rv            4498    +12

Weighted Time Charter Average(S8,S10 & S11)                    4512    +9

The routes below do not form part of the index calculation
S5   52454 WAfr trip via ECSA to N.China                       4830   -88
S9   52454 WAfr trip via ECSA to Skaw-Passero                  3531   -116

Baltic Exchange Supramax 58
S1B_58 58328 Canakkale trip via Med or BlSea to China-S.Korea  6729   -35
S1C_58 58328 USG trip to China-S.Japan                         8642   -25
S2_58  58328 N.China one Australian or Pacific r/v             5339    0
S3_58  58328 N.China trip to W.Africa                          3275   +37
S4A_58 58328 USG trip to Skaw-Passero                          7169   -3
S4B_58 58328 Skaw-Passero trip to USG                          1772   +99
S5_58  58328 W.Africa trip via ECSA to N.China                 5498   -87
S8_58  58328 S.China trip via Indonesia to ECI                 5953   +9
S9_58  58328 W.Africa trip via ECSA to Skaw-Passero            4238   -59
S10_58 58328 S.China trip via Indonesia to S.China             4141   -3

Time Charter Average                                           4942   +4

Baltic Exchange Supramax 58 - Asia
S8_58  58328 S.China trip via Indonesia to EC India             5953   +9
S10_58 58328 S.China via Indo to S.China                        4141   -3
S11_58 58328 Mid China, Australian or transpacific rv           4971   +10

Time Charter Average                                            5022   +6
           
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Baltic Exchange Handysize Index

Route   Description                                       Value($)  Change   
HS1 28000 Skaw-Passero trip to Rio de Janeiro-Recalada     2820      -55
HS2 28000 Skaw-Passero trip to Boston-Galveston            3308      -60 
HS3 28000 Rio de Janeiro-Recalada trip to Skaw-Passero     4256      -105 
HS4 28000 USG trip via USG or NCSA to Skaw-Passero         4889      -43
HS5 28000 SE Asia trip via Australia to Spore-Japan        3826      -25
HS6 28000 SKorea-Japan via NOPAC to Spore-Japan            4731      -18 

Weighted Time Charter Average(HS1,HS2,HS3,HS4,HS5 & HS6)   4048      -44

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TIMECHARTER

POST PANAMAX

'Eptalofos' 2007 92567 dwt dely Gibraltar 12/13 Dec trip via US Gulf redel ARA $3,750 daily - Windrose - <fixed 10/12>

KAMSARMAX

'Star Mariella ' 2006 82266 dwt dely passing Okinawa 17/19 Dec trip via Australia redel India $3,700 daily - Oldendorff
'Lake Dawn' 2013 81902 dwt dely Kawasaki 20/24 Dec trip via NoPac redel Singapore-Japan $3,500 daily - Jaldhi

PANAMAX

'Voge Enterprise' 2011 79409 dwt dely EC South America prompt trip redel SE Asia $5,500 daily + $150,000 bb - cnr
'Calhoun' 2006 76801 dwt dely passing Busan 10/14 Dec trip via NoPac redel Singapore-Japan intention grains $3,700 daily - Aquavita
'Manzoni' 2013 76000 dwt dely aps EC South America 20/30 Dec trip redel Singapore-Japan intention grains $7,250 daily + $100,000 bb - cnr
'Samoa' 2010 75639 dwt dely aps US Gulf 15/20 Dec trip redel Singapore-Japan intention grains $9,500 daily + $95,000 bb - Beibu Gulf - <fixed last week>
'Jia Foison' 2010 75434 dwt dely Weihai 20/25 Dec trip via North China redel India intention fertilisers $3,000 daily - Oldendorff
'Oregon' 2002 74204 dwt dely Zhoushan 15 December trip via Port Hedland redel China $2,750 daily - Aquavita

SUPRAMAX

'Ionic' 2013 58923 dwt dely ARAG rge prompt trip redel Brazil $3,000 daily first 45 days balance $6,500 daily - WBC
'Seapace' 2010 56894 dwt dely Singapore 16/19 Dec trip via Indo redel WC India- Pakistan approx $7,100 daily - cnr
'Anasa' 2008 55679 dwt dely Singapore prompt trip via Indo redel Taiwan intention coal $5,400 daily - Hayne Shipping
'CMB Coralie' 2009 53463 dwt dely Dneprobugskiy prompt trip redel USG-Caribs $1,800 daily first 53 days balance approx $5,900 daily - MUR
'Topflight' 2004 52544 dwt dely Recalada end Dec trip redel Bejaia $5,250 daily - Cargill
'Newseas Jade' 2005 52409 dwt dely Greece prompt trip redel USG $2,000 daily - Cargill
'Laurus' 2001 50209 dwt dely Singapore prompt trip via Indo redel EC India-Bangladesh $6,700 daily - cnr

HANDY

'Interlink Fidelity' 2015 38800 dwt dely Savannah spot trip redel UK-Continent $6,750 daily - Norden
'Daiwan Fortune' 2015 35531 dwt dely N China prompt trip redel Japan approx $5,000 daily - cnr
'CMB Mae' 2010 33694 dwt dely Canakkale prompt trip redel USEC-NCSA approx $3,250 daily - cnr - <recent>

PERIOD

'Polymnia' 2012 98704 dwt dely N.China prompt 12/15 months trading redel worldwide $5,650 daily - Cargill
'Ranger ' 2012 82172 dwt dely dop Colombo prompt 4/7 months trading redel worldwide $5,600 daily - Starboard
'Blue Chip' 2007 76662 dwt dely PMO 24/30 Dec about 3/6 months trading redel worldwide $5,350 daily - Starboard
'Sunshine' 2010 76000 dwt dely Retro Port Said 7 December 10/14 months trading redel worldwide $5,800 daily - Norden

VOYAGES

ORE

'Pacific Century' Mingwah relet 2011 170000/10 Dampier/Qingdao 28 Dec/01 Jan $3.65 fio scale/30000shinc - Rio Tinto - <fixed 14/12>
'Cape Britannia' EdF relet 2009 170000/10 Saldanha Bay/Qingdao 01/04 Jan $5.65 fio scale/30000shinc - Anglo American - <fixed 14/12>
'Pontotriton ' Clearlake relet 2007 170000/10 Dampier/Qingdao 26/30 Dec $3.65 fio scale/30000shinc - Rio Tinto - <fixed 14/12>
'Shagang TBN' 170000/10 W Australia/Qingdao ely Jan $3.50 fio scale/30000shinc - EdF
'K-Line TBN' 170000/10 Saldanha Bay/Qingdao 01/04 Jan $5.50 fio scale/30000shinc - Anglo American
'Cape Jupiter' 1997 170000/10 Saldanha Bay/Qingdao 01/04 Jan $5.40 fio scale/30000shinc - Anglo American
'RZS Harmony' 1999 170000/10 Dampier/Qingdao ely Jan $3.45 fio scale/30000shinc - Rio Tinto
'TBN' 130000/10 Narvik/Hamburg 05/15 Jan $2.60 fio 50000shinc/35000shinc - Salzgitter

(Source : Baltic Dry Index)

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