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Baltic index retreats on lower capesize rates

·1 min read

Oct 28 (Reuters) - The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels.

* The Baltic index fell 29 points, or 2.1%, to 1,384.

* The capesize index slipped 88 points, or 3.9%, to 2,156.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, declined $725 to $17,881.

* The panamax index inched up 5 points, or 0.4%, to 1,300.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $47 to $11,700.

* Among smaller vessels, the supramax index eased 6 points to 962. (Reporting by Sumita Layek in Bengaluru; Editing by Ramakrishnan M.)