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 257 149.4 - - 495 104.2 - 506 713 140.9
3-mths 565 13.5 - - 960 5.3 - 1509 -290 -19.2
1-mth 596 7.6 - - 972 4.0 - 1402 -183 -13.1
1-wk 598 7.2 - - 915 10.5 - 1134 85 7.5
 
19-Nov-20 598 - US$10,223 US$8,355 915 - US$9,558 1134 - -
20-Nov-20 602 0.7 US$10,296 US$8,428 930 1.6 US$9,715 1148 14 1.2
23-Nov-20 606 0.7 US$10,364 US$8,496 952 2.4 US$9,949 1169 21 1.8
24-Nov-20 613 1.2 US$10,478 US$8,610 973 2.2 US$10,164 1178 9 0.8
25-Nov-20 625 2.0 US$10,685 US$8,817 995 2.3 US$10,397 1197 19 1.6
26-Nov-20 641 2.6 US$10,961 US$9,093 1011 1.6 US$10,568 1219 22 1.8

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