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 503 -27.2 - - 1017 -46.3 - 2165 -1589 -73.4
3-mths 642 -43.0 - - 1210 -54.9 - 1779 -1203 -67.6
1-mth 494 -25.9 - - 728 -25.0 - 1103 -527 -47.8
1-wk 383 -4.4 - - 559 -2.3 - 768 -192 -25.0
 
16-Jan-20 383 - US$6,555 US$4,687 559 - US$5,843 768 - -
17-Jan-20 379 -1.0 US$6,484 US$4,616 560 0.2 US$5,848 754 -14 -1.8
20-Jan-20 378 -0.3 US$6,462 US$4,594 560 0.0 US$5,848 729 -25 -3.3
21-Jan-20 375 -0.8 US$6,415 US$4,548 556 -0.7 US$5,810 689 -40 -5.5
22-Jan-20 372 -0.8 US$6,370 US$4,502 550 -1.1 US$5,750 623 -66 -9.6
23-Jan-20 366 -1.6 US$6,262 US$4,395 546 -0.7 US$5,702 576 -47 -7.5

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