CHARTER INDEX

CHARTER INDEX

The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as follows:

WEEK ENDING 02-28-98 03-01-97 02-21-98

General-Freight

Index 219.1 254.6 216.7

Time-Charter Index

1 to 2 mos. 209.8 238.8 196.6

2 to 3 mos. 207.9 247.4 198.2

Over 6 mos. 294.7 307.6 293.7

Grain

Freight Index 223.6 266.4 220.6

Misc.

Freight Index 209.8 228.4 207.9