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 776 13.5 - - 1338 22.9 - 2140 967 45.2
3-mths 844 4.4 - - 1565 5.1 - 3124 -17 -0.5
1-mth 903 -2.4 - - 1670 -1.5 - 2696 411 15.2
1-wk 871 1.1 - - 1637 0.5 - 2791 316 11.3
 
20-Aug-26 871 - US$14,887 US$13,019 1637 - US$17,731 2791 - -
21-Aug-26 874 0.3 US$14,943 US$13,075 1640 0.2 US$17,759 2841 50 1.8
24-Aug-26 875 0.1 US$14,967 US$13,100 1641 0.1 US$17,772 2882 41 1.4
25-Aug-26 877 0.2 US$15,004 US$13,137 1643 0.1 US$17,794 2926 44 1.5
26-Aug-26 880 0.3 US$15,042 US$13,175 1644 0.1 US$17,813 3056 130 4.4
27-Aug-26 881 0.1 US$15,057 US$13,189 1645 0.1 US$17,817 3107 51 1.7

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

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