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 966 -27.2 - - 1652 -19.4 - 1816 -327 -18.0
3-mths 663 6.0 - - 1062 25.4 - 1515 -26 -1.7
1-mth 505 39.2 - - 996 33.7 - 883 606 68.6
1-wk 694 1.3 - - 1318 1.1 - 1535 -46 -3.0
 
17-Mar-23 694 - US$11,875 US$10,007 1318 - US$13,777 1535 - -
20-Mar-23 703 1.3 US$12,014 US$10,146 1329 0.8 US$13,888 1542 7 0.5
21-Mar-23 705 0.3 US$12,048 US$10,180 1335 0.5 US$13,948 1512 -30 -1.9
22-Mar-23 706 0.1 US$12,068 US$10,200 1337 0.1 US$13,968 1456 -56 -3.7
23-Mar-23 704 -0.3 US$12,030 US$10,162 1333 -0.3 US$13,935 1484 28 1.9
24-Mar-23 703 -0.1 US$12,019 US$10,152 1332 -0.1 US$13,924 1489 5 0.3

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

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