BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1340 (May 4, 1990) Previous day - 1345

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 12.300 1355

U.S. Gulf-Japan

Grain 20 percent 22.240 1557

U.S. North Pacific-Japan

Grain 15 percent 11.210 1215

U.S. Gulf-Venezuela

Grain 5 percent 15.860 1361

Antwerp-Jeddah

Grain 5 percent 20.750 1992

Hampton Roads-Richards Bay-Japan

Coal 7.5 percent 15.020 1456

Hampton Roads-North Continent

Coal 5 percent 6.950 1203

Queensland-Rotterdam

Coal 5 percent 12.070 1066

Vancouver-San Diego-Rotterdam

Petcoke 5 percent 12.340 939

Monrovia-Rotterdam

Iron Ore 5 percent 6.500 1444

Casablanca-West Coast India

Phosrock 2.5 percent 33.000 924

Aqaba-West Coast India

Phosrock 5 percent 19.000 1403

*May 7 - holiday.