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 815 -8.1 - - 1489 -17.5 - 2203 -146 -6.6
3-mths 746 0.4 - - 1222 0.6 - 2023 34 1.7
1-mth 706 6.1 - - 1160 5.9 - 2019 38 1.9
1-wk 807 -7.2 - - 1290 -4.7 - 1972 85 4.3
 
12-Mar-26 807 - US$13,807 US$11,940 1290 - US$13,556 1972 - -
13-Mar-26 796 -1.4 US$13,614 US$11,746 1283 -0.5 US$13,470 2028 56 2.8
16-Mar-26 788 -1.0 US$13,477 US$11,609 1268 -1.2 US$13,296 2038 10 0.5
17-Mar-26 770 -2.3 US$13,170 US$11,302 1256 -0.9 US$13,152 2024 -14 -0.7
18-Mar-26 759 -1.4 US$12,985 US$11,117 1240 -1.3 US$12,960 2064 40 2.0
19-Mar-26 749 -1.3 US$12,816 US$10,949 1229 -0.9 US$12,831 2057 -7 -0.3

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

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