BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1593 (Feb. 26, 1990) Previous day - 1591

The Baltic International Freight Futures Market in London offers owners and charterers in the bulk shipping community a forum for futures trading of a freight rate index. The contracts are based on the Baltic Freight Index, announced daily, of 12 routes listed below.Dollar

Com- Metric

Routes modity Weight Ton Index

U.S. Gulf-North Continent Grain 20 percent 14.600 1608

U.S. Gulf-Japan Grain 20 percent 25.700 1799

U.S. North Pacific-Japan Grain 15 percent 16.783 1819

U.S. Gulf-Venezuela Grain 5 percent 17.492 1499

Antwerp-Jeddah Grain 5 percent 22.067 2118

Hampton Roads-Richards Bay-Japan Coal 7.5 percent 17.117 1660

Hampton Roads-North Continent Coal 5 percent 7.992 1383

Queensland-Rotterdam Coal 5 percent 12.842 1134

Vancouver-San Diego-Rotterdam Petcoke 5 percent 14.633 1113

Monrovia-Rotterdam Iron Ore 5 percent 7.275 1617

Casablanca-West Coast India Phosrock 2.5 percent 34.708 972

Aqaba-West Coast India Phosrock 5 percent 20.667 1526