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 554 46.8 - - 977 42.0 - 1280 797 62.3
3-mths 690 17.8 - - 1336 3.8 - 2025 52 2.6
1-mth 874 -7.0 - - 1400 -0.9 - 2144 -67 -3.1
1-wk 815 -0.2 - - 1312 5.7 - 2063 14 0.7
 
06-Nov-25 815 - US$13,929 US$12,061 1312 - US$13,817 2063 - -
07-Nov-25 810 -0.6 US$13,853 US$11,985 1319 0.5 US$13,912 2104 41 2.0
10-Nov-25 809 -0.1 US$13,839 US$11,971 1327 0.6 US$14,006 2084 -20 -1.0
11-Nov-25 809 0.0 US$13,828 US$11,961 1344 1.3 US$14,209 2072 -12 -0.6
12-Nov-25 811 0.2 US$13,861 US$11,994 1365 1.6 US$14,460 2030 -42 -2.0
13-Nov-25 813 0.2 US$13,905 US$12,037 1387 1.6 US$14,718 2077 47 2.3

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

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