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Transportation

Baltic index eases on lower rates for capesize, panamax vessels

Nov 10 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged lower on Tuesday due to weaker rates across all vessel segments.

* The Baltic dry index was down 7 points, or 0.6%, at 1,200.

* The capesize index eased 8 points, or 0.4%, to 1,782.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $67 to $14,781.

* The panamax index fell 11 points, or 0.9%, to 1,170 for the ninth straight session.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, fell $95 to $10,530.

* The supramax index shed 5 points to 888. (Reporting by Asha Sistla in Bengaluru; Editing by Devika Syamnath)

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