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 705 -5.1 - - 1335 1.1 - 1512 57 3.8
3-mths 455 47.0 - - 761 77.4 - 1138 431 37.9
1-mth 477 40.3 - - 900 50.0 - 1223 346 28.3
1-wk 624 7.2 - - 1196 12.9 - 1340 229 17.1
 
14-Sep-23 624 - US$10,676 US$8,808 1196 - US$12,497 1340 - -
15-Sep-23 634 1.6 US$10,849 US$8,981 1221 2.1 US$12,755 1381 41 3.1
18-Sep-23 645 1.7 US$11,034 US$9,167 1240 1.6 US$12,959 1439 58 4.2
19-Sep-23 652 1.1 US$11,144 US$9,276 1286 3.7 US$13,439 1526 87 6.0
20-Sep-23 662 1.5 US$11,316 US$9,449 1324 3.0 US$13,838 1584 58 3.8
21-Sep-23 669 1.1 US$11,432 US$9,565 1350 2.0 US$14,109 1569 -15 -0.9

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

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