BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1390 (Apr. 25, 1990) Previous day - 1402

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 12.710 1400

U.S. Gulf-Japan

Grain 20 percent 23.470 1643

U.S. North Pacific-Japan

Grain 15 percent 12.040 1305

U.S. Gulf-Venezuela

Grain 5 percent 16.070 1377

Antwerp-Jeddah

Grain 5 percent 20.790 1996

Hampton Roads-Richards Bay-Japan

Coal 7.5 percent 15.240 1478

Hampton Roads-North Continent

Coal 5 percent 7.090 1227

Queensland-Rotterdam

Coal 5 percent 12.250 1082

Vancouver-San Diego-Rotterdam

Petcoke 5 percent 13.170 1002

Monrovia-Rotterdam

Iron Ore 5 percent 6.610 1469

Casablanca-West Coast India

Phosrock 2.5 percent 34.010 953

Aqaba-West Coast India

Phosrock 5 percent 19.000 1403