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Baltic index extends decline on weaker capesize, panamax rates

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Aug 20 (Reuters) - The Baltic Exchange's main sea freight index on Thursday declined for a third straight session, weighed down by weaker demand for capesize and panamax vessels.

* 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 3.2%, to 1,518.

* The capesize index declined 108 points, or 4.6%, to 2,239.

* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes including iron ore and coal, were down by $898 at $18,570.

* The panamax index fell 57 points, or 3.2%, to 1,700.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell by $514 to $15,301.

* The supramax index edged 3 points higher to 957. (Reporting by Eileen Soreng in Bengaluru, Editing by Sherry Jacob-Phillips)