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 878 -9.2 - - 1369 12.1 - 1991 674 33.9
3-mths 600 32.8 - - 1026 49.6 - 1762 903 51.2
1-mth 731 9.0 - - 1215 26.3 - 1989 676 34.0
1-wk 741 7.6 - - 1415 8.5 - 2567 98 3.8
 
17-Apr-26 741 - US$12,670 US$10,802 1415 - US$15,059 2567 - -
20-Apr-26 754 1.8 US$12,892 US$11,025 1422 0.5 US$15,139 2633 66 2.6
21-Apr-26 769 2.0 US$13,152 US$11,284 1443 1.5 US$15,396 2640 7 0.3
22-Apr-26 781 1.6 US$13,348 US$11,480 1484 2.8 US$15,890 2675 35 1.3
23-Apr-26 791 1.3 US$13,523 US$11,656 1522 2.6 US$16,347 2673 -2 -0.1
24-Apr-26 797 0.8 US$13,636 US$11,769 1535 0.9 US$16,501 2665 -8 -0.3

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

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