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 822 2.6 - - 1435 8.6 - 2401 684 28.5
3-mths 763 10.5 - - 1299 20.0 - 2117 968 45.7
1-mth 797 5.8 - - 1535 1.6 - 2665 420 15.8
1-wk 850 -0.8 - - 1568 -0.6 - 3054 31 1.0
 
18-May-26 852 - US$14,572 US$12,704 1570 - US$16,924 3092 - -
19-May-26 850 -0.2 US$14,539 US$12,671 1568 -0.1 US$16,899 3054 -38 -1.2
20-May-26 848 -0.2 US$14,493 US$12,626 1566 -0.1 US$16,867 3005 -49 -1.6
21-May-26 846 -0.2 US$14,463 US$12,595 1571 0.3 US$16,938 2964 -41 -1.4
22-May-26 843 -0.4 US$14,410 US$12,542 1567 -0.3 US$16,879 2991 27 0.9
26-May-26 843 0.0 US$14,411 US$12,543 1559 -0.5 US$16,793 3085 94 3.1

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

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