SM5TC becomes SM6TC from 2 Jan 07

The following Press Release was sent out by Baltic Exchange:

Following extensive consultation and earlier announcements, the Baltic reminds the market that the following dry index changes will take place on the 2nd of January 2007.

Baltic Exchange Supramax Index:

In order to continue to provide the most accurate possible representation of the global daily timecharter value of a Supramax vessel, Route S4 (transatlantic round voyage) will be subdivided into two separate route reports, to be known as S4A and S4B, as follow.

• S4A

Delivery US Gulf for a trip of about 30 days, redelivery Skaw-Passero range, 5% commission total, laycan 5/10 days in advance

• S4B

Delivery Skaw – Passero range for a trip of about 30 days, redelivery US Gulf, 5% commission total, laycan 5/10 days in advance.

The S4 component of the Timecharter Average will therefore consist of these new routes, each accounting for 12.5% of the total.

Full Description of BSI Timecharter Average as from 2nd of January 2007.

In addition, as recently announced, the trial status of Route S6 (Delivery South Korea-Japan range for a trip via Australia of 45/50 days, redelivery India, 5% commission total, laycan 5/10 days in advance) will be lifted and the S6 becomes an official Baltic Route from 2 January 2006.

NB: Route S6 will NOT form part of the Baltic Exchange Supramax Index. It is provided as a stand alone route assessment only.

For more information please contact the following.

Market Place Service - dry cargo desks:

• Oslo: +47 2389 4220
• Singapore: +65 6720 0050

Clearing:

• Oslo: +47 2325 9300