March 24 (Reuters) – The Baltic Exchange’s main sea freight index fell on Tuesday, recording its steepest fall in over a month on lower rates across all vessel segments.
* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 14 points, or 2.3%, to 603, its biggest daily percentage decline since Feb. 7.
* The panamax index declined by 28 points, or 3.6%, to 746, its 12th successive fall.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $254 to $6,714.
* The capesize index dipped by a point, to -110, ending a seven-session gain streak.
* Iron ore producer Rio Tinto was the latest among other miners across the world that said it would move to slow down operations in response to the rapidly spreading COVID-19 epidemic.
* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, were down by $50 at $4,102.
* The supramax index fell 12 points to 720. (Reporting by Nakul Iyer in Bengaluru)