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 1640 -54.6 - - 2774 -57.8 - 2571 -1216 -47.3
3-mths 919 -19.0 - - 1691 -30.7 - 1017 338 33.2
1-mth 897 -17.1 - - 1483 -21.0 - 1534 -179 -11.7
1-wk 752 -1.1 - - 1163 0.8 - 1184 171 14.4
 
23-Nov-22 752 - US$12,862 US$10,994 1163 - US$12,156 1184 - -
24-Nov-22 747 -0.7 US$12,775 US$10,907 1174 0.9 US$12,265 1242 58 4.9
25-Nov-22 745 -0.3 US$12,733 US$10,865 1182 0.7 US$12,354 1324 82 6.6
28-Nov-22 746 0.1 US$12,749 US$10,881 1180 -0.2 US$12,328 1347 23 1.7
29-Nov-22 745 -0.1 US$12,742 US$10,875 1177 -0.3 US$12,295 1327 -20 -1.5
30-Nov-22 744 -0.1 US$12,727 US$10,859 1172 -0.4 US$12,244 1355 28 2.1

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

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