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 597 27.0 - - 1050 31.9 - 1507 357 23.7
3-mths 751 0.9 - - 1456 -4.9 - 1774 90 5.1
1-mth 757 0.1 - - 1405 -1.4 - 1973 -109 -5.5
1-wk 747 1.5 - - 1370 1.1 - 1890 -26 -1.4
 
17-Jul-24 747 - US$12,770 US$10,902 1370 - US$14,316 1890 - -
18-Jul-24 749 0.3 US$12,804 US$10,936 1370 0.0 US$14,312 1912 22 1.2
19-Jul-24 752 0.4 US$12,866 US$10,998 1374 0.3 US$14,361 1902 -10 -0.5
22-Jul-24 756 0.5 US$12,931 US$11,064 1374 0.0 US$14,360 1896 -6 -0.3
23-Jul-24 757 0.1 US$12,949 US$11,082 1380 0.4 US$14,422 1869 -27 -1.4
24-Jul-24 758 0.1 US$12,966 US$11,098 1385 0.4 US$14,476 1864 -5 -0.3

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

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