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 608 -0.2 - - 955 -1.7 - 1071 904 84.4
3-mths 572 6.1 - - 930 1.0 - 1669 306 18.3
1-mth 554 9.6 - - 978 -4.0 - 1388 587 42.3
1-wk 601 1.0 - - 926 1.4 - 1691 284 16.8
 
09-Jun-25 601 - US$10,271 US$8,404 926 - US$9,189 1691 - -
10-Jun-25 601 0.0 US$10,270 US$8,403 919 -0.8 US$9,104 1680 -11 -0.7
11-Jun-25 601 0.0 US$10,284 US$8,416 922 0.3 US$9,135 1738 58 3.5
12-Jun-25 603 0.3 US$10,305 US$8,437 933 1.2 US$9,273 1904 166 9.6
13-Jun-25 604 0.2 US$10,323 US$8,455 936 0.3 US$9,312 1968 64 3.4
16-Jun-25 607 0.5 US$10,376 US$8,508 939 0.3 US$9,347 1975 7 0.4

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

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