Baltic index falls to 2-week low as panamax, supramax rates slip

Jan 10 (Reuters) – The Baltic Exchange’s dry bulk sea freight index (.BADI) fell to a more than two-week low on Monday, as a decline in smaller vessel rates eclipsed gains in the capesize segment.

* The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 12 points, or 0.5%, to 2,277, its lowest since Dec. 24.

* The capesize index (.BACI) rose 122 points, or 5%, to 2,554.

* Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, rose by $1,014 to $21,181.

* The panamax index (.BPNI) dropped 108 points, or 3.7%, to 2,849.

* Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, fell by $965 to $25,645.

* The supramax index (.BSIS) slipped 73 points to its lowest level since April 2021 at 2,001.

Reporting by Brijesh Patel in Bengaluru; Editing by Aditya Soni

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