Sept 2 (Reuters) – The Baltic Exchange’s main sea freight index dropped on Wednesday, pressured by a dip in capesize and panamax vessel rates.
* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 26 points, or 1.8%, to 1,445.
* The capesize index dipped by 49 points, or 2.3%, to 2,127.
* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes including iron ore and coal, declined $406 to $17,638.
* The panamax index edged 36 points lower to 1,568.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, were down by $326 at $14,113.
* The supramax index inched up by a point to 959. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shailesh Kuber)
