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 885 -16.3 - - 1424 -0.6 - 2069 498 24.1
3-mths 588 26.0 - - 967 46.3 - 1567 1000 63.8
1-mth 770 -3.8 - - 1256 12.7 - 2024 543 26.8
1-wk 699 6.0 - - 1308 8.2 - 2201 366 16.6
 
10-Apr-26 699 - US$11,944 US$10,077 1308 - US$13,779 2201 - -
13-Apr-26 701 0.3 US$11,995 US$10,127 1320 0.9 US$13,915 2250 49 2.2
14-Apr-26 706 0.7 US$12,073 US$10,205 1344 1.8 US$14,206 2354 104 4.6
15-Apr-26 715 1.3 US$12,231 US$10,364 1371 2.0 US$14,531 2484 130 5.5
16-Apr-26 730 2.1 US$12,486 US$10,618 1398 2.0 US$14,853 2523 39 1.6
17-Apr-26 741 1.5 US$12,670 US$10,802 1415 1.2 US$15,059 2567 44 1.7

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

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