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 1343 14.7 - - 2504 -7.1 - 2596 285 11.0
3-mths 1897 -18.8 - - 3470 -32.9 - 4235 -1354 -32.0
1-mth 1972 -21.9 - - 3104 -25.0 - 3519 -638 -18.1
1-wk 1547 -0.5 - - 2235 4.1 - 2645 236 8.9
 
22-Nov-21 1547 - US$26,456 US$24,588 2235 - US$23,356 2645 - -
23-Nov-21 1540 -0.5 US$26,326 US$24,459 2243 0.4 US$23,437 2715 70 2.6
24-Nov-21 1536 -0.3 US$26,271 US$24,404 2255 0.5 US$23,562 2654 -61 -2.2
25-Nov-21 1536 0.0 US$26,258 US$24,390 2284 1.3 US$23,863 2678 24 0.9
26-Nov-21 1539 0.2 US$26,318 US$24,450 2316 1.4 US$24,198 2767 89 3.3
29-Nov-21 1540 0.1 US$26,343 US$24,475 2327 0.5 US$24,319 2881 114 4.1

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