BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1629 (Mar. 9, 1990) Previous day - 1622

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. DollarCom- Metric

Routes modity Weight Ton Index

U.S. Gulf-North Continent Grain 20 percent 14.700 1619

U.S. Gulf-Japan Grain 20 percent 27.917 1954

U.S. North Pacific-Japan Grain 15 percent 17.025 1845

U.S. Gulf-Venezuela Grain 5 percent 17.450 1495

Antwerp-Jeddah Grain 5 percent 22.042 2116

Hampton Roads-Richards Bay-Japan Coal 7.5 percent 17.042 1652

Hampton Roads-North Continent Coal 5 percent 8.308 1438

Queensland-Rotterdam Coal 5 percent 12.800 1131

Vancouver-San Diego-Rotterdam Petcoke 5 percent 14.817 1127

Monrovia-Rotterdam Iron Ore 5 percent 7.000 1556

Casablanca-West Coast India Phosrock 2.5 percent 34.667 971

Aqaba-West Coast India Phosrock 5 percent 20.500 1514