BALTIC HANDY INDEX

BALTIC HANDY INDEX

921 (June 16, 1998) Previous day - 925

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 6,759

2 43,000 dwt.Japan-SK/NoPac/Australia rv 30.00 pct 8,353

3 43,000 dwt.Singapore-Australia-Continent 15.00 pct 8,805

4 43,000 dwt.Continent/N. or S. Atlantic rv30.00 pct 5,881

Trial Routes Commodity$ pmt

T1 1.4-1.6 mln 55 ft USG/Continent grains $10.39

T2 28-32,000t 53ft Brazil/Continent grains $13.10