BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1557 (Mar. 23, 1990) Previous day - 1569

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 13.642 1503

U.S. Gulf-Japan

Grain 20 percent 26.625 1864

U.S. North Pacific-Japan

Grain 15 percent 15.500 1680

U.S. Gulf-Venezuela

Grain 5 percent 17.367 1488

Antwerp-Jeddah

Grain 5 percent 21.917 2104

Hampton Roads-Richards Bay-Japan

Coal 7.5 percent 17.033 1651

Hampton Roads-North Continent

Coal 5 percent 7.917 1370

Queensland-Rotterdam

Coal 5 percent 12.725 1124

Vancouver-San Diego-Rotterdam

Petcoke 5 percent 14.308 1089

Monrovia-Rotterdam

Iron Ore 5 percent 7.000 1556

Casablanca-West Coast India

Phosrock 2.5 percent 35.200 986

Aqaba-West Coast India

Phosrock 5 percent 20.458 1511