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 719 31.4 - - 1144 46.0 - 1877 647 34.5
3-mths 721 31.1 - - 1205 38.6 - 2014 510 25.3
1-mth 843 12.1 - - 1559 7.1 - 3085 -561 -18.2
1-wk 934 1.2 - - 1718 -2.8 - 2722 -198 -7.3
 
19-Jun-26 934 - US$15,964 US$14,096 1718 - US$18,697 2722 - -
22-Jun-26 936 0.2 US$15,997 US$14,129 1715 -0.2 US$18,658 2684 -38 -1.4
23-Jun-26 941 0.5 US$16,084 US$14,217 1705 -0.6 US$18,542 2667 -17 -0.6
24-Jun-26 941 0.0 US$16,099 US$14,231 1693 -0.7 US$18,398 2634 -33 -1.2
25-Jun-26 943 0.2 US$16,125 US$14,258 1678 -0.9 US$18,222 2591 -43 -1.6
26-Jun-26 945 0.2 US$16,163 US$14,296 1670 -0.5 US$18,127 2524 -67 -2.6

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

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