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 418 1.9 - - 581 39.2 - 772 1038 134.5
3-mths 306 39.2 - - 441 83.4 - 635 1175 185.0
1-mth 304 40.1 - - 532 52.1 - 714 1096 153.5
1-wk 408 4.4 - - 693 16.7 - 1823 -13 -0.7
 
02-Jul-20 408 - US$6,976 US$5,108 693 - US$7,247 1823 - -
03-Jul-20 412 1.0 US$7,053 US$5,185 701 1.2 US$7,330 1894 71 3.9
06-Jul-20 414 0.5 US$7,085 US$5,217 708 1.0 US$7,399 1956 62 3.3
07-Jul-20 417 0.7 US$7,123 US$5,255 725 2.4 US$7,580 1949 -7 -0.4
08-Jul-20 420 0.7 US$7,177 US$5,310 773 6.6 US$8,073 1849 -100 -5.1
09-Jul-20 426 1.4 US$7,286 US$5,418 809 4.7 US$8,451 1810 -39 -2.1

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