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 814 24.6 - - 1525 22.3 - 2686 28 1.0
3-mths 890 13.9 - - 1610 15.8 - 2673 41 1.5
1-mth 1012 0.2 - - 1797 3.8 - 3113 -399 -12.8
1-wk 1020 -0.6 - - 1887 -1.2 - 2660 54 2.0
 
23-Oct-26 1020 - US$17,443 US$15,575 1887 - US$20,724 2660 - -
26-Oct-26 1020 0.0 US$17,445 US$15,577 1888 0.1 US$20,739 2628 -32 -1.2
27-Oct-26 1020 0.0 US$17,444 US$15,576 1883 -0.3 US$20,683 2603 -25 -1.0
28-Oct-26 1017 -0.3 US$17,389 US$15,521 1878 -0.3 US$20,614 2652 49 1.9
29-Oct-26 1015 -0.2 US$17,360 US$15,493 1870 -0.4 US$20,527 2712 60 2.3
30-Oct-26 1014 -0.1 US$17,342 US$15,475 1865 -0.3 US$20,458 2714 2 0.1

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

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