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 657 -8.8 - - 979 -2.9 - 1298 124 9.6
3-mths 547 9.5 - - 895 6.3 - 1229 193 15.7
1-mth 560 7.0 - - 955 -0.4 - 1421 1 0.1
1-wk 581 3.1 - - 983 -3.3 - 1340 82 6.1
 
23-May-25 581 - US$9,928 US$8,061 983 - US$9,872 1340 - -
27-May-25 587 1.0 US$10,039 US$8,171 974 -0.9 US$9,766 1296 -44 -3.3
28-May-25 595 1.4 US$10,177 US$8,310 964 -1.0 US$9,648 1303 7 0.5
29-May-25 600 0.8 US$10,252 US$8,385 956 -0.8 US$9,552 1353 50 3.8
30-May-25 601 0.2 US$10,272 US$8,405 951 -0.5 US$9,492 1418 65 4.8
02-Jun-25 599 -0.3 US$10,240 US$8,372 951 0.0 US$9,482 1422 4 0.3

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

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