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 678 -18.0 - - 999 -1.9 - 1627 -280 -17.2
3-mths 511 8.8 - - 839 16.8 - 904 443 49.0
1-mth 569 -2.3 - - 950 3.2 - 1261 86 6.8
1-wk 554 0.4 - - 970 1.0 - 1304 43 3.3
 
12-May-25 554 - US$9,479 US$7,611 970 - US$9,713 1304 - -
13-May-25 554 0.0 US$9,469 US$7,601 977 0.7 US$9,795 1280 -24 -1.8
14-May-25 553 -0.2 US$9,459 US$7,591 977 0.0 US$9,798 1267 -13 -1.0
15-May-25 554 0.2 US$9,467 US$7,599 975 -0.2 US$9,778 1305 38 3.0
16-May-25 554 0.0 US$9,469 US$7,601 978 0.3 US$9,808 1388 83 6.4
19-May-25 556 0.4 US$9,513 US$7,646 980 0.2 US$9,836 1347 -41 -3.0

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

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