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 406 36.5 - - 754 23.3 - 612 682 111.4
3-mths 344 61.0 - - 634 46.7 - 1246 48 3.9
1-mth 504 9.9 - - 943 -1.4 - 1598 -304 -19.0
1-wk 562 -1.4 - - 923 0.8 - 1269 25 2.0
 
10-Sep-20 562 - US$9,616 US$7,748 923 - US$9,643 1269 - -
11-Sep-20 560 -0.4 US$9,571 US$7,704 917 -0.7 US$9,587 1267 -2 -0.2
14-Sep-20 558 -0.4 US$9,537 US$7,669 914 -0.3 US$9,554 1282 15 1.2
15-Sep-20 554 -0.7 US$9,470 US$7,602 912 -0.2 US$9,530 1289 7 0.5
16-Sep-20 553 -0.2 US$9,462 US$7,594 921 1.0 US$9,629 1281 -8 -0.6
17-Sep-20 554 0.2 US$9,476 US$7,609 930 1.0 US$9,715 1294 13 1.0

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