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 678 10.6 - - 1247 19.3 - 1832 -89 -4.9
3-mths 597 25.6 - - 1062 40.1 - 1499 244 16.3
1-mth 792 -5.3 - - 1386 7.4 - 2123 -380 -17.9
1-wk 735 2.0 - - 1365 9.0 - 1901 -158 -8.3
 
18-Apr-24 735 - US$12,564 US$10,696 1365 - US$14,262 1901 - -
19-Apr-24 741 0.8 US$12,667 US$10,800 1394 2.1 US$14,571 1919 18 0.9
22-Apr-24 744 0.4 US$12,722 US$10,855 1410 1.1 US$14,739 1882 -37 -1.9
23-Apr-24 751 0.9 US$12,844 US$10,976 1430 1.4 US$14,948 1804 -78 -4.1
24-Apr-24 751 0.0 US$12,836 US$10,969 1456 1.8 US$15,214 1774 -30 -1.7
25-Apr-24 750 -0.1 US$12,823 US$10,955 1488 2.2 US$15,549 1743 -31 -1.7

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

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