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 1346 42.3 - - 2126 57.5 - 2271 2380 104.8
3-mths 1455 31.7 - - 2852 17.4 - 3147 1504 47.8
1-mth 1881 1.9 - - 3303 1.4 - 4147 504 12.2
1-wk 1845 3.8 - - 3283 2.0 - 4215 436 10.3
 
16-Sep-21 1845 - US$31,555 US$29,688 3283 - US$34,307 4215 - -
17-Sep-21 1861 0.9 US$31,824 US$29,956 3307 0.7 US$34,559 4275 60 1.4
20-Sep-21 1876 0.8 US$32,084 US$30,217 3319 0.4 US$34,688 4304 29 0.7
21-Sep-21 1885 0.5 US$32,240 US$30,372 3327 0.2 US$34,769 4410 106 2.5
22-Sep-21 1901 0.8 US$32,504 US$30,637 3338 0.3 US$34,881 4560 150 3.4
23-Sep-21 1916 0.8 US$32,762 US$30,894 3349 0.3 US$34,996 4651 91 2.0

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