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 539 -46.0 - - 1022 -54.0 - 1950 -1525 -78.2
3-mths 514 -43.4 - - 745 -36.9 - 1364 -939 -68.8
1-mth 395 -26.3 - - 563 -16.5 - 763 -338 -44.3
1-wk 304 -4.3 - - 491 -4.3 - 415 10 2.4
 
07-Feb-20 304 - US$5,195 US$3,327 491 - US$5,130 415 - -
10-Feb-20 302 -0.7 US$5,156 US$3,288 484 -1.4 US$5,061 411 -4 -1.0
11-Feb-20 296 -2.0 US$5,056 US$3,188 477 -1.4 US$4,986 418 7 1.7
12-Feb-20 293 -1.0 US$5,018 US$3,150 472 -1.0 US$4,930 421 3 0.7
13-Feb-20 292 -0.3 US$4,990 US$3,123 468 -0.8 US$4,894 421 0 0.0
14-Feb-20 291 -0.3 US$4,972 US$3,105 470 0.4 US$4,912 425 4 1.0

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