BALTIC FREIGHT INDEX

BALTIC FREIGHT INDEX

1302 (June 4, 1990) Previous day - 1301

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% 11.817 1302

U.S. Gulf-Japan Grain 20% 21.000 1470

U.S. North Pacific-Japan Grain 15% 11.725 1271

U.S. Gulf-Venezuela Grain 5% 15.358 1316

Antwerp-Jeddah Grain 5% 20.467 1965

Hampton Roads-Richards Bay-Japan

Coal 7.5% 14.658 1421

Hampton Roads-North Continent Coal 5% 6.608 1144

Queensland-Rotterdam Coal 5% 11.725 1036

Vancouver-San Diego-Rotterdam Petcoke 5% 12.225 930

Monrovia-Rotterdam Iron Ore 5% 5.933 1319

Casablanca-West Coast India Phosrock 2.5% 32.225 903

Aqaba-West Coast India Phosrock 5% 18.792 1388