Baltic index flat as lower capesize rates offset gains in smaller vessels

Feb 7 (Reuters) – The Baltic Exchange’s dry bulk sea freight index (.BADI) inched lower on Monday, as a dip in capesize rates countered a rise in the panamax and supramax segments.

* The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by a point to 1,422.

* The capesize index (.BACI) fell 94 points, or 7.6%, to 1,148.

* Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell by $781 to $9,521.

* The panamax index (.BPNI) rose 59 points, or 3.3% to 1,855.

* Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, increased by $529 to $16,694.

* The supramax index (.BSIS) gained 44 points to 1,638.

Reporting by Brijesh Patel in Bengaluru;
Editing by Vinay Dwivedi

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