BALTIC HANDY INDEX

BALTIC HANDY INDEX

783 (Feb. 12, 1998) Previous day - 793

The Baltic Exchange in London on Tuesdays and Thursdays publishes an index based on rates for chartering a modern, geared handy max sized vessel, 43,000 deadweight tons, on the four routes listed below. Two trial routes, which may be added to the index at a later date, are also published.

ROUTE NO.SIZE TIMECHARTER TRIP WEIGHT $ DAILY

1 43,000 dwt. Continent/Far East 25.00 pct 8,317

2 43,000 dwt. Japan-SK/NoPac/Australia rv 30.00 pct 6,686

3 43,000 dwt. Singapore-Australia-Continent 15.00 pct 5,114

4 43,000 dwt. Continent/N. or S. Atlantic rv 30.00 pct 5,860

TRIAL ROUTES COMMODITY $ PMT

T1 1.4-1.6 mln 55 ft USG/Continent grains $10.50

T2 28-32,000t 53ft Brazil/Continent grains $11.50