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 508 26.6 - - 819 44.3 - 1048 417 39.8
3-mths 586 9.7 - - 941 25.6 - 1269 196 15.4
1-mth 601 7.0 - - 919 28.6 - 1680 -215 -12.8
1-wk 633 1.6 - - 1052 12.4 - 1434 31 2.2
 
03-Jul-25 633 - US$10,819 US$8,951 1052 - US$10,704 1434 - -
04-Jul-25 633 0.0 US$10,821 US$8,953 1081 2.8 US$11,052 1436 2 0.1
07-Jul-25 637 0.6 US$10,889 US$9,021 1100 1.8 US$11,276 1436 0 0.0
08-Jul-25 639 0.3 US$10,928 US$9,060 1125 2.3 US$11,579 1431 -5 -0.3
09-Jul-25 640 0.2 US$10,944 US$9,076 1151 2.3 US$11,888 1423 -8 -0.6
10-Jul-25 643 0.5 US$10,989 US$9,121 1182 2.7 US$12,265 1465 42 3.0

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

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