Feb 25 (Reuters) – The Baltic Exchange’s main sea freight index inched higher on Tuesday, marking its eighth straight session gain, as higher rates for panamax and supramax vessels outweighed lower capesize rates.
* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 2 points, or 0.4%, to 508 points
* The capesize index fell 39 points to -278 points
* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, declined by $218 to $2,475.
* The panamax index climbed 19 points, or 2.3%, to 830 points and registered its 14th straight session of gains
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000-70,000 tonnes, increased $165 to $7,467
* The supramax index rose 18 points to 561 (Reporting by Harshith Aranya in Bengaluru)