BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1311 (May 18, 1990) Previous day - 1309

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% 11.950 1316

U.S. Gulf-Japan Grain 20% 21.690 1518

U.S. North Pacific-Japan Grain 15% 11.350 1230

U.S. Gulf-Venezuela Grain 5% 15.830 1356

Antwerp-Jeddah Grain 5% 20.450 1963

Hampton Roads-Richards Bay-Japan

Coal 7.5% 14.660 1421

Hampton Roads-North Continent Coal 5% 6.560 1135

Queensland-Rotterdam Coal 5% 11.710 1034

Vancouver-San Diego-Rotterdam Petcoke 5% 12.180 927

Monrovia-Rotterdam Iron Ore 5% 5.920 1316

Casablanca-West Coast India Phosrock 2.5% 32.550 912

Aqaba-West Coast India Phosrock 5% 19.000 1403