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 724 20.9 - - 1217 34.8 - 2129 753 35.4
3-mths 843 3.8 - - 1567 4.7 - 2991 -109 -3.6
1-mth 905 -3.3 - - 1694 -3.1 - 2743 139 5.1
1-wk 864 1.3 - - 1628 0.8 - 2878 4 0.1
 
17-Aug-26 864 - US$14,775 US$12,908 1628 - US$17,611 2878 - -
18-Aug-26 866 0.2 US$14,806 US$12,938 1631 0.2 US$17,651 2815 -63 -2.2
19-Aug-26 867 0.1 US$14,825 US$12,957 1634 0.2 US$17,686 2776 -39 -1.4
20-Aug-26 871 0.5 US$14,887 US$13,019 1637 0.2 US$17,731 2791 15 0.5
21-Aug-26 874 0.3 US$14,943 US$13,075 1640 0.2 US$17,759 2841 50 1.8
24-Aug-26 875 0.1 US$14,967 US$13,100 1641 0.1 US$17,772 2882 41 1.4

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

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