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 681 14.4 - - 1318 2.7 - 1752 93 5.3
3-mths 879 -11.4 - - 1369 -1.2 - 2094 -249 -11.9
1-mth 667 16.8 - - 1220 10.9 - 1899 -54 -2.8
1-wk 790 -1.4 - - 1370 -1.2 - 2284 -439 -19.2
 
20-Mar-24 790 - US$13,512 US$11,644 1370 - US$14,314 2284 - -
21-Mar-24 795 0.6 US$13,587 US$11,719 1379 0.7 US$14,409 2240 -44 -1.9
22-Mar-24 795 0.0 US$13,594 US$11,726 1383 0.3 US$14,451 2196 -44 -2.0
25-Mar-24 792 -0.4 US$13,537 US$11,669 1386 0.2 US$14,486 2123 -73 -3.3
26-Mar-24 784 -1.0 US$13,412 US$11,544 1375 -0.8 US$14,374 1989 -134 -6.3
27-Mar-24 779 -0.6 US$13,323 US$11,455 1353 -1.6 US$14,134 1845 -144 -7.2

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

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