Industry information

Baltic Exchange Indices

The Baltic Exchange Handysize Index (BHSI) was formally launched in 2007 and is a measure of the strength of spot freight earnings for smaller dry bulk vessels, currently based on a standard 38,000 dwt bulk carrier (since 2 Jan 2020).

The Baltic Exchange Supramax Index (BSI) was officially launched in 2006 and is currently based on a standard 58,000 dwt bulk carrier.

The BHSI and BSI reflect average spot market TCE earnings across several representative routes.

The Baltic Exchange Dry Index (BDI) is the dry bulk freight market indicator comprising several key routes across the Capesize, Panamax and Supramax segments.

Key: BDI = Baltic Exchange Dry Index
BSI = Baltic Exchange Supramax Index
BHSI = Baltic Exchange Handysize Index

Baltic Indices

BHSI 38,000 BHSI 28,000 BSI BDI
% Net TC Avg* Net TC Avg* % Net TC Avg* Difference %
6-mths 690 4.9 - - 1269 3.3 - 1972 -193 -9.8
3-mths 600 20.7 - - 1060 23.7 - 1324 455 34.4
1-mth 781 -7.3 - - 1326 -1.1 - 2374 -595 -25.1
1-wk 727 -0.4 - - 1259 4.1 - 1570 209 13.3
 
09-Apr-24 727 - US$12,436 US$10,569 1259 - US$13,152 1570 - -
10-Apr-24 724 -0.4 US$12,385 US$10,517 1260 0.1 US$13,170 1587 17 1.1
11-Apr-24 724 0.0 US$12,382 US$10,515 1261 0.1 US$13,180 1690 103 6.5
12-Apr-24 722 -0.3 US$12,342 US$10,475 1272 0.9 US$13,291 1729 39 2.3
15-Apr-24 721 -0.1 US$12,325 US$10,458 1280 0.6 US$13,373 1730 1 0.1
16-Apr-24 724 0.4 US$12,374 US$10,506 1311 2.4 US$13,702 1779 49 2.8

Source: The Baltic Exchange
* Net TC Average excludes 5% commission

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