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 589 53.8 - - 963 78.6 - 1532 1397 91.2
3-mths 715 26.7 - - 1371 25.5 - 2484 445 17.9
1-mth 905 0.1 - - 1664 3.4 - 2720 209 7.7
1-wk 923 -1.8 - - 1686 2.0 - 2871 58 2.0
 
08-Jul-26 923 - US$15,789 US$13,921 1686 - US$18,319 2871 - -
09-Jul-26 917 -0.7 US$15,681 US$13,813 1700 0.8 US$18,483 2910 39 1.4
10-Jul-26 915 -0.2 US$15,643 US$13,775 1706 0.4 US$18,559 2944 34 1.2
13-Jul-26 914 -0.1 US$15,623 US$13,755 1707 0.1 US$18,562 2960 16 0.5
14-Jul-26 909 -0.5 US$15,552 US$13,684 1710 0.2 US$18,606 2980 20 0.7
15-Jul-26 906 -0.3 US$15,490 US$13,622 1720 0.6 US$18,727 2929 -51 -1.7

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

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