The Baltic Exchange Handysize Index (BHSI) is a daily average calculated from the reports of an independent international board of Panellists. These Panellists are required to make a daily assessment on a basket of timecharter and voyage routes in the dry bulk shipping market representative of Handysize vessels.
Since March 2018 the BHSI is no longer included in the BDI calculation but is still reported apart.
Applicable weightings for the calculation of the Time Charter Average value are the following routes: HS1_38 (12.5%), HS2_38 (12.5%), HS3_38 (12.5%), HS4_38 (12.5%), HS5_38 (20%), HS6_38 (20%), HS7_38 (10%).
Currently the Baltic Handysize 38 vessel for Time Charter 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
– 47,125cbm grain / 45,300cbm bale
– 5 holds / 5 hatches
– 4 x 30 ton cranes
– Speed & consumptions including main engine & auxiliary 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
Route definitions:
Route HS1_38
Delivery Skaw-Passero range, laydays/cancelling 5/10 days from index date, redelivery Recalada-Rio de Janeiro range, duration 35-45 days. 5% total commission.
Route HS2_38
Delivery Skaw-Passero range, laydays/cancelling 5/10 days from index date, redelivery Boston-Galveston range, duration 35-45 days. 5% total commission.
Route HS3_38
Delivery Recalada-Rio de Janeiro range, laydays/cancelling 5/10 days from index date, redelivery Skaw-Passero range, duration 35-45 days. 5% total commission.-
Route HS4_38
Delivery Brownsville-Key West, laydays/cancelling 5/10 days from index date, for a trip via US Gulf or North Coast South America, redelivery Skaw-Passero range, duration 35-45 days. 5% total commission.
Route HS5_38
Delivery SE Asia (Krabi-Campha range including Malayisa, Indonesia & Philippines), laydays/ cancelling 5/10 days from index date, for a 30-45 days trip, redelivery Singapore–Japan range including China. 5% total commission.
Route HS6_38
Delivery North China-South Korea-Japan range, laydays/ cancelling 5/10 days from index date, for a 40-45 days trip, redelivery North China-South Korea-Japan range. 5% total commission.
Route HS7_38
Delivery North China-South Korea-Japan range, laydays/cancelling 5/10 days from index date, for a 25-30 day trip, redelivery SE Asia (Krabi-Campha range including Malaysia, Indonesia & Philippines). 5% total commission.
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Continue reading…….
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With the beginning of 2020, the below mentioned routes and vessel sizes have been replaced.
28,000 mt dwt self trimming single deck bulkcarrier on 9.78m ssw 169m loa 27 m beam. 5 holds/5 hatches. 37,523 c.um grain 35,762 c.um bale 14 knots average laden/ballast on 22 mt ifo (380) no diesel at sea. 4 x 30 t cranes. Maximum age 15 years.
Route 1:
Dely Skaw – Passero for a trip about 35/45 days, redelivery Recalada – Rio de Janeiro range. 5% Laycan 5/10 days in advance.
Weighting 12.5%
Route 2:
Dely Skaw – Passero range for a trip about 35/45 days, redelivery Boston – Galveston range. 5% . Laycan 5/10 days in advance.
Weighting 12.5%.
Route 3:
Dely Recalada – Rio de Janeiro for a trip about 35/45 days, redelivery Skaw – Passero range. 5% . Laycan 5/10 days in advance.
Weighting 12.5%.
Route 4:
Dely US Gulf for a trip about 35/45 days, via US Gulf or NC South America, redelivery Skaw – Passero range. 5% . Laycan 5/10 days in advance.
Weighting 12.5%
Route 5:
Dely SE Asia for a trip via Australia, about 25/30 days, redelivery Singapore – Japan range including China. 5% . Laycan 5/10 days in advance.
Weighting 25%.
Route 6:
Dely S Korea – Japan range for a trip via Nopac of about 40/45 days, redelivery Singapore-Japan range including China. 5%. Laycan 5/10 days in advance.
Weighting 25%
All routes are based on always within IWL and always afloat.
Details provided by the Baltic Exchange Information Services Ltd.
