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Baltic index down on lower capesize rates

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July 14 (Reuters) - The Baltic Exchange's main sea freight index fell on Tuesday weighed by falling rates for capesize vessels, while the panamax segment was flat following eight straight sessions of gains.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 50 points, or about 2.8%, to 1,742.

* The Baltic capesize index lost 169 points, or 5.2%, to 3,082, its lowest since June 17.

* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, was down by $1,402 at $25,562.

* Rising iron ore demand from China, as the world's second-largest economy opened up for business after months-long coronavirus-led lockdowns, has helped the capesize index gain 58% so far this year.

* The panamax index was flat at 1,597.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell by a dollar to $14,375.

* However, the supramax index rose 19 points, or 2.2%, to 875. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Amy Caren Daniel)