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 616 20.3 - - 1088 25.4 - 1460 537 36.8
3-mths 722 2.6 - - 1272 7.2 - 1729 268 15.5
1-mth 708 4.7 - - 1297 5.2 - 1836 161 8.8
1-wk 742 -0.1 - - 1335 2.2 - 1966 31 1.6
 
05-Jul-24 742 - US$12,697 US$10,829 1335 - US$13,947 1966 - -
08-Jul-24 739 -0.4 US$12,634 US$10,766 1334 -0.1 US$13,936 1940 -26 -1.3
09-Jul-24 737 -0.3 US$12,595 US$10,727 1347 1.0 US$14,077 1894 -46 -2.4
10-Jul-24 735 -0.3 US$12,572 US$10,705 1353 0.4 US$14,136 1939 45 2.4
11-Jul-24 740 0.7 US$12,646 US$10,779 1361 0.6 US$14,222 1947 8 0.4
12-Jul-24 741 0.1 US$12,672 US$10,804 1364 0.2 US$14,254 1997 50 2.6

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

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