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 678 111.7 - - 1048 171.0 - 1330 1789 134.5
3-mths 1356 5.8 - - 2133 33.1 - 2319 800 34.5
1-mth 1317 9.0 - - 2408 17.9 - 2869 250 8.7
1-wk 1370 4.7 - - 2667 6.5 - 3025 94 3.1
 
15-Jun-21 1370 - US$23,429 US$21,561 2667 - US$27,865 3025 - -
16-Jun-21 1377 0.5 US$23,551 US$21,683 2713 1.7 US$28,346 3176 151 5.0
17-Jun-21 1388 0.8 US$23,727 US$21,860 2754 1.5 US$28,784 3267 91 2.9
18-Jun-21 1398 0.7 US$23,912 US$22,044 2802 1.7 US$29,278 3218 -49 -1.5
21-Jun-21 1417 1.4 US$24,235 US$22,367 2825 0.8 US$29,519 3190 -28 -0.9
22-Jun-21 1435 1.3 US$24,543 US$22,676 2840 0.5 US$29,681 3119 -71 -2.2

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