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 634 23.2 - - 1221 8.6 - 1381 993 71.9
3-mths 908 -14.0 - - 1426 -7.0 - 2348 26 1.1
1-mth 567 37.7 - - 1058 25.3 - 1581 793 50.2
1-wk 762 2.5 - - 1318 0.6 - 2345 29 1.2
 
08-Mar-24 762 - US$13,028 US$11,161 1318 - US$13,768 2345 - -
11-Mar-24 764 0.3 US$13,071 US$11,203 1316 -0.2 US$13,748 2377 32 1.4
12-Mar-24 766 0.3 US$13,097 US$11,229 1306 -0.8 US$13,645 2315 -62 -2.6
13-Mar-24 769 0.4 US$13,149 US$11,281 1301 -0.4 US$13,591 2370 55 2.4
14-Mar-24 777 1.0 US$13,291 US$11,424 1314 1.0 US$13,735 2350 -20 -0.8
15-Mar-24 781 0.5 US$13,354 US$11,486 1326 0.9 US$13,856 2374 24 1.0

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

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