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 822 14.4 - - 1312 31.0 - 1926 1581 82.1
3-mths 890 5.6 - - 1633 5.3 - 2729 778 28.5
1-mth 870 8.0 - - 1600 7.4 - 3046 461 15.1
1-wk 900 4.4 - - 1675 2.6 - 3628 -121 -3.3
 
04-Sep-26 900 - US$15,389 US$13,521 1675 - US$18,186 3628 - -
07-Sep-26 906 0.7 US$15,488 US$13,620 1682 0.4 US$18,271 3575 -53 -1.5
08-Sep-26 913 0.8 US$15,604 US$13,736 1693 0.7 US$18,401 3584 9 0.3
09-Sep-26 922 1.0 US$15,773 US$13,905 1704 0.6 US$18,528 3620 36 1.0
10-Sep-26 931 1.0 US$15,913 US$14,046 1713 0.5 US$18,640 3521 -99 -2.7
11-Sep-26 940 1.0 US$16,079 US$14,211 1719 0.4 US$18,709 3507 -14 -0.4

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

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