Summary of European Inland Barge Freight Rates

(1) European traders provided barge freight rate quotes as of 1:00 PM on November 2 (local time) for the Hamburg, Rotterdam to German ports and German ports to Amsterdam, Rotterdam, Ghent port range (HGFW), quoted in euros/ton. (2) Freight from the UK east coast to Portugal quoted at 24, to Oldenburg at 19, to the northern Spanish coast at 21. (3) From Germany's Baltic Sea to ARAG quoted at 24, to Portugal at 35, to the western Italian coast at 60, to Greece at 70. (4) From Germany's Baltic Sea to the UK east coast quoted at 25, to the UK west coast at 30, to the northern Spanish coast at 30, to the southern Spanish coast at 43. (5) At 2:00 PM (Central European Time) on the same day, the lowest barge freight rates were published, applicable to 1,200-ton class dry bulk ships (excluding iron ore). (6) From Brunswick to ARA quoted at 26, Buelstringen/Vahldorf to ARA at 26, Hamburg to ARA at 32, Hanover to ARA at 26. (7) From Hildesheim to ARA quoted at 28.5, Magdeburg to ARA at 29, Minden to ARA at 23. (8) From Rotterdam to Duisburg quoted at 12.5, to Cologne at 15, to Kehl/Strasbourg at 25, to Basel at 28. (9) From Rotterdam to Frankfurt quoted at 20, to Würzburg at 25, to Nuremberg at 26.5, to Stuttgart at 25. (10) From Rotterdam to Bramsche/Engter quoted at 18.5, to Minden at 19.5, to Hanover at 21, to Brunswick at 21. (11) From Rotterdam to Hildesheim quoted at 22, to Uelzen at 25, to Hamburg at 26, to ARAG at 10.5. (12) From Rotterdam to Bremen quoted at 18.5, to Papenburg at 18, to Magdeburg at 23, to Mainz at 18, to Buelstringen/Vahldorf at 23.