Baltic Exchange assessments are available for the dry bulk, tanker, gas and container box and air freight markets.
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Dry bulk
Baltic Exchange dry bulk assessments are made on a dollar per day time-charter or dollar per tonne voyage basis.
Baltic Dry Index
The Baltic Dry Index (BD) is a composite of the dry bulk timecharter averages of the Capesize (40%), Panamax (30%) and Supramax (30%) indices.
Capesize
| Capesize Code | Short Description |
| C2 | Tubarao to Rotterdam |
| C3 | Tubarao to Qingdao |
| C5 | West Australia to Qingdao |
| C7 | Bolivar to Rotterdam |
| C8_14 | Gibraltar/Hamburg transatlantic round voyage |
| C9_14 | Continent/Mediterranean trip China-Japan |
| C10_14 | China-Japan transpacific round voyage |
| C14 | China-Brazil round voyage |
| C16 | Revised backhaul |
| C17 | Saldanha Bay to Qingdao |
| 5TC Weighted Timecharter Average: Sum(C8_14*0.25, C9_14*0.125, C10_14*0.25, C14*0.25, C16*0.125) | |
| Baltic Capesize Index (BCI): Sum(C8_14*0.030145, C9_14*0.0150725, C10_14*0.030145, C14*0.030145, C16*0.0150725) | |
| Baltic Capesize vessel for Timecharter routes is a non scrubber fitted vessel based on the following description: 180,000mt dwt on 18.2m SSW draft Max age 10 yrs LOA 290m, beam 45m, TPC 121 14 knots laden / 15 knots ballast on 62mt fuel oil (380cst), no diesel at sea 198,000cbm grain 12 knots laden / 13 knots ballast on 43mt fuel oil (380cst), no diesel at sea |
|
Panamax
| Panamax Code | Short Description |
| P1A_82 | Skaw-Gib transatlantic round voyage |
| P2A_82 | P2A_82 - Skaw-Gib trip HK-S Korea incl Taiwan |
| P3A_82 | P3A_82 - HK-S Korea incl Taiwan, one Pacific RV |
| P4_82 | P4_82 - HK-S Korea incl Taiwan trip to Skaw-Gib |
| P5_82 | P5_82 - South China, one Indonesian round voyage |
| P6_82 | P6_82 - Dely Singapore for one round voyage via Atlantic |
| 5TC Weighted Timecharter Average: Sum(P1A_82*0.25, P2A_82*0.1, P3A_82*0.25, P4_82*0.10, P6_82*0.30) | |
| Baltic Panamax Index (BPI): Sum(P1A_82*0.027777775, P2A_82*0.01111111, P3A_82*0.027777775, P4_82*0.01111111, P6_82*0.03333333) | |
| Baltic Panamax vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: 82,500mt dwt on 14.43m SSW draft Max age 12 yrs LOA 229m, beam 32.25m, TPC 70.5 97,000 cbm grain 13.5 knots laden on 33mt fuel oil (380cs t) / 14 knots ballast on 31mt fuel oil (380cs t) + 0.1 MGO at sea 11.5 knots laden on 22mt fuel oil (380cs t) / 12.5 knots ballast on 23mt fuel oil (380cs t) + 0.1 MGO at sea |
|
Supramax
| Supramax Code | Short Description |
| S1B_58 | Canakkale trip via Med or Bl Sea to China-South Korea |
| S1C_58 | US Gulf trip to China-south Japan |
| S2_58 | North China one Australian or Pacific round voyage |
| S3_58 | North China trip to West Africa |
| S4A_58 | US Gulf trip to Skaw-Passero |
| S4B_58 | Skaw-Passero trip to US Gulf |
| S5_58 | West Africa trip via east coast South America to north China |
| S8_58 | South China trip via Indonesia to east coast India |
| S9_58 | West Africa trip via east coast South America to Skaw-Passero |
| S10_58 | South China trip via Indonesia to south China |
| 10TC Weighted Timecharter Average: Sum(S1B_58*0.05, S1C_58*0.05, S2_58*0.20, S3_58*0.15, S4A_58*0.075, S4B_58*0.10, S5_58*0.05, S8_58*0.15, S9_58*0.075, S10_58*0.10) | |
| Baltic Supramax Index (BSI): Sum(S1B_58*0.004545455, S1C_58*0.004545455, S2_58*0.018181818, S3_58*0.013636364, S4A_58*0.006818182, S4B_58*0.009090909, S5_58*0.004545455, S8_58*0.013636364, S9_58*0.006818182, S10_58*0.009090909) | |
| Baltic Supramax vesssel for Timecharter routes is based on a non-scrubber fitted standard “Tess58 ” type vessel of the following description: 58,328mt dwt on 12.80 m ssw Max age 15 yrs LOA 189.99m, beam 32.26m, TPC 57.5 72,360 cbm grain / 70,557 cbm bale 5 holds/hatches 4 x 30t Cr + 12 cbm grabs 14 knots laden on 33mt fuel oil (380cst) / 14 knots ballast on 32mt fuel oil (380cst), no diesel at sea 12 knots laden on 24mt fuel oil (380cst) / 12.5 knots ballast on 23mt fuel oil (380cst), no diesel at sea |
|
Handysize
| Handysize Code | Short Description |
| HS1_38 | HS1_38 - Skaw-Passero trip to Rio de Janeiro-Recalada |
| HS2_38 | HS2_38 - Skaw-Passero trip to Boston-Galveston |
| HS3_38 - Rio de Janeiro-Recalada trip to Skaw-Passero | HS3_38 - Rio de Janeiro-Recalada trip to Skaw-Passero |
| HS4_38 | HS4_38 - US Gulf trip via US Gulf or north coast South America to Skaw-Passero |
| HS5_38 | HS5_38 - South East Asia trip to Singapore-Japan |
| HS6_38 | HS6_38 - North China-South Korea-Japan trip to North China-South Korea-Japan |
| HS7_38 | HS7_38 - North China-South Korea-Japan trip to south east Asia |
| 7TC Weighted Time Charter Average: Sum(HS1_38*0.125, HS2_38*0.125, HS3_38*0.125, HS4_38*0.125, HS5_38*0.20, HS6_38*0.20, HS7_38*0.10) | |
| Baltic Handysize Index (BHSI): Sum(HS1_38*0.006944444, HS2_38*0.006944444, HS3_38*0.006944444, HS4_38*0.006944444, HS5_38*0.011111111, HS6_38*0.011111111, HS7_38*0.005555556) | |
| Baltic Handysize 38 vessel for Timecharter routes is a non-scrubber fitted vessel based on the following description: Singledeck self trimming geared bulk carrier 38,200mt dwt on 10.538m SSW Max Age 15 Years LOA 180m / Beam 29.8m / TPC 49 47,125 cbm grain / 45,300 cbm bale 5 holds / 5 hatches 4 x 30 ton cranes Speed & consumptions including main engine & auxibrary engines: 14 knots on 26mt IFO (380 CST) laden/24mt IFO (380 CST) ballast + 0.1 MDO at sea 12 knots on 18mt IFO (380 CST) laden/17mt IFO (380 CST) ballast + 0.1 MDO at sea |
|
Tankers
Baltic Exchange tanker assessments are published on both Worldscale and Time Charter Equivalent basis
Clean
| Clean Tankers Code | Short Description |
| TC1 | Middle East Gulf to Japan (CPP, UNL, naphtha condensate) |
| TC2_37 | Continent to US Atlantic coast (CPP, UNL) |
| TC5 | Middle East Gulf to Japan (CPP, UNL, naphtha condensate) |
| TC6 | Algeria to European Mediterranean (CPP, UNL) |
| TC7 | Singapore to east coast Australia (CPP) |
| TC8 | Middle East Gulf to UK-Cont. (CPP, UNL) |
| TC9 | Baltic to UK-Cont. (CPP, UNL, ULSD) |
| TC10 | South Korea to NoPac west coast (CPP/UNL) |
| TC11 | South Korea to Singapore (CPP) |
| TC12 | Sikka (WCI) to Japan (naphtha) |
| TC14 | US Gulf to Continent (CPP, UNL, diesel) |
| TC15 | TC15 - Med / Far East (naphtha) |
| TC16 | TC16 - Amsterdam to offshore Lome (CPP) |
| TC17 | TC17 - Middle East Gulf to East Africa |
| TC18 | TC18 - US Gulf to Brazil |
| MR Atlantic Basket (uses: TC2 TCE & TC14 TCE) | |
| MR Pacific Basket (uses: TC11 TCE & TC12 TCE) | |
| Baltic Clean Tanker Index (BCTI): Average (TC1, TC2_37, TC5, TC6, TC9, TC16)*4.54072288 | |
Dirty
| Dirty Tankers Code | Short Description |
| TD2 | Middle East Gulf to Singapore |
| TD3C | Middle East Gulf to China |
| TD6 | Black Sea to Mediterranean |
| TD7 | North Sea to Continent |
| TD8 | Kuwait to Singapore (Crude/DPP heat 135F) |
| TD9 | Caribbean to US Gulf |
| TD12 | Amsterdam-Rotterdam-Antwerp to US Gulf |
| TD14 | South East Asia to east coast Australia |
| TD15 | West Africa to China |
| TD17 | Baltic to UK-Cont |
| TD18 | Baltic to UK-Cont |
| TD19 | Cross Mediterranean |
| TD20 | West Africa to UK-Continent |
| TD21 | Caribbean to US Gulf (50,000mt fuel oil) |
| TD22 | TD22 - US Gulf to China (assessed in US $/lumpsum) |
| TD23 | TD23 - Middle East Gulf to Mediterranean (Light Crude) |
| TD24 | TD24 - Pacific Russia to China |
| TD25 | TD25 - US Gulf to A-R-A |
| VLCC TCE (uses: TD3C, TD15 & TD22) | |
| Suezmax TCE (uses: TD6 & TD20) | |
| Aframax TCE (Uses: TD7, TD8, TD14, TD19, TD25 & TD26) | |
| Baltic Dirty Tanker Index (BDTI): RoundedSum(TD2*0.09090909090909091, TD3C*0.09090909090909090, TD6*0.09090909090909090, TD7*0.09090909090909090, TD8*0.09090909090909090, TD9*0.09090909090909090, TD14*0.09090909090909090, TD15*0.09090909090909090, TD18*0.09090909090909090, TD19*0.09090909090909090, TD20*0.09090909090909090)*8.415737054 | |
Gas
Baltic Exchange gas assessments are made on a time charter basis for LNG and a dollar per tonne voyage basis for LPG
LNG
| BLNG Code | Short Description |
| BLNG1 | Gladstone / Tokyo RV |
| BLNG2 | Sabine / UK Cont RV |
| BLNG3 | Sabine / Tokyo RV |
LPG
| BLPG Code | Short Description |
| BLPG1 | Middle East Gulf to Japan |
| BLPG2 | US Gulf to Continent |
| BLPG3 | US Gulf to Japan |
| Baltic LPG Index (BLPG): Average (BLPG1 TCE, BLPG2 TCE, BLPG3 TCE)*0.1 | |
Containers
The Freightos Baltic Indices (FBX) reflect weekly spot rates for 40-foot containers. The data includes a headline index – the FBX Global Container Index – a weighted average of the 12 underlying tradelanes.
FBX
| FBX Code | Short Description |
| FBX00 | Global Container Index |
| FBX01 | China/East Asia to North America |
| FBX02 | North America West Coast to China/East Asia |
| FBX03 | China/East Asia to North America East Coast |
| FBX04 | North America East Coast to China/East Asia |
| FBX11 | China/East Asia to North Europe |
| FBX12 | North Europe to China/East Asia |
| FBX13 | China/East Asia to Mediterranean |
| FBX14 | Mediterranean to China/East Asia |
| FBX21 | North America East Coast to Europe |
| FBX22 | Europe to North America East Coast |
| FBX24 | Europe to South America East Coast |
| FBX26 | Europe to South America West Coast |
Air Freight
The Baltic Air freight Indices (BAI) reflect the weekly transactional rates for general cargo. The data includes a headline index - the BAI Index – a weighted average of the 17 underlying destination basket routes, as well as six outbound indices – a weighted average of the destination baskets from each of the six origin airports.
BAI
| BAI Code | Short Description |
| BAI00 | Baltic Air Freight Index |
| BAI20 | Frankfurt Outbound Index |
| BAI30 | Hong Kong Outbound Index |
| BAI40 | London Heathrow Outbound Index |
| BAI50 | O'Hare Int'l, Chicago Outbound Index |
| BAI60 | Singapore Outbound index |
| BAI80 | Shanghai Pudong Outbound Index |
| BAI22 | Frankfurt to North America |
| BAI23 | Frankfurt to South East Asia |
| BAI24 | Frankfurt to USA |
| BAI25 | Frankfurt to China |
| BAI31 | Hong Kong to Europe |
| BAI32 | Hong Kong to North America |
| BAI33 | Hong Kong to South East Asia |
| BAI34 | Hong Kong to USA |
| BAI42 | London Heathrow to North America |
| BAI43 | London Heathrow to South East Asia |
| BAI44 | London Heathrow to USA |
| BAI51 | O'Hare Int'l, Chicago to Europe |
| BAI53 | O'Hare Int'l, Chicago to South East Asia |
| BAI63 | Singapore to South East Asia |
| BAI81 | Shanghai Pudong to Europe |
| BAI82 | Shanghai Pudong to North America |
| BAI84 | Shanghai Pudong to USA |
Tools for shipping investors
Baltic Operating Expenses Index - Dry (DOPEX)
A quarterly index tracking the daily vessel operating expenses for Capesize, Panamax, Supramax and Handysize vessels.
DOPEX is calculated using crewing, technical and insurance costs.
A five year old dry dock cost, amortised over five years, is published separately.
Baltic Operating Expenses Index - Tanker (TOPEX)
A quarterly index tracking the daily vessel operating expenses for Aframax and MR product carriers.
TOPEX is calculated using crewing, technical and insurance costs.
A five year old dry dock cost, amortised over five years, is published separately.
Baltic Operating Expenses Index - Gas (GOPEX)
A quarterly index tracking the daily vessel operating expenses for LPG and LNG carriers.
GOPEX is calculated using crewing, technical and insurance costs.
A five year old dry dock cost, amortised over five years, is published separately.
Sale & Purchase
Weekly assessments of the price of a five year old vessel for the following types:
Capesize (180,000 dwt)
Panamax (82,500 dwt)
Superhandy (Tess 58 type)
Handysize (38,200 dwt)
VLCC (305,000 dwt)
Suezmax (158,000 dwt)
Aframax (115,000 dwt)
MR Product Tanker (51,000 dwt)
Recycling
Weekly assessments in US $/Lightweight for Large, medium and small bulk carriers and tankers
Delivery in Bangaldesh, India & Pakistan