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 534 35.8 - - 886 60.7 - 981 963 98.2
3-mths 574 26.3 - - 986 44.4 - 1341 603 45.0
1-mth 678 6.9 - - 1329 7.1 - 2035 -91 -4.5
1-wk 698 3.9 - - 1353 5.2 - 2044 -100 -4.9
 
15-Aug-25 698 - US$11,942 US$10,074 1353 - US$14,313 2044 - -
18-Aug-25 702 0.6 US$12,003 US$10,136 1361 0.6 US$14,414 2022 -22 -1.1
19-Aug-25 708 0.9 US$12,104 US$10,236 1369 0.6 US$14,505 1964 -58 -2.9
20-Aug-25 714 0.8 US$12,207 US$10,339 1388 1.4 US$14,740 1927 -37 -1.9
21-Aug-25 719 0.7 US$12,298 US$10,430 1405 1.2 US$14,936 1893 -34 -1.8
22-Aug-25 725 0.8 US$12,401 US$10,534 1424 1.4 US$15,162 1944 51 2.7

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

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