Baltic index falls on subdued demand for vessels
July 28 (Reuters) - The Baltic Exchange's main sea freight index declined for the seventh straight session to a more than one-month low on Tuesday, hurt by weaker rates across all vessel segments.
* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 29 points, or 2.2%, to 1,264, its lowest since June 17.
* The Baltic capesize index slipped 60 points, or 2.9%, to 1,992, its lowest in six weeks.
* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, declined by $490 to $16,524.
* The panamax index dropped 25 points, or about 2.2%, to 1,136.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $229 to $10,220.
* The supramax index was down 9 points at 897. (Reporting by Shreyansi Singh in Bengaluru; Editing by Ramakrishnan M.)
