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 1660 -27.2 - - 2865 -33.2 - 3228 -1355 -42.0
3-mths 2017 -40.1 - - 3502 -45.3 - 5206 -3333 -64.0
1-mth 1568 -22.9 - - 2552 -25.0 - 3216 -1343 -41.8
1-wk 1335 -9.4 - - 2124 -9.8 - 2296 -423 -18.4
 
06-Jan-22 1335 - US$22,823 US$20,955 2124 - US$22,197 2296 - -
07-Jan-22 1300 -2.6 US$22,232 US$20,364 2074 -2.4 US$21,672 2289 -7 -0.3
10-Jan-22 1268 -2.5 US$21,677 US$19,809 2001 -3.5 US$20,912 2277 -12 -0.5
11-Jan-22 1250 -1.4 US$21,381 US$19,513 1958 -2.1 US$20,466 2151 -126 -5.5
12-Jan-22 1227 -1.8 US$20,989 US$19,122 1936 -1.1 US$20,229 2027 -124 -5.8
13-Jan-22 1209 -1.5 US$20,678 US$18,810 1915 -1.1 US$20,016 1873 -154 -7.6

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