Baltic index slips on falling capesize, panamax rates
Sept 3 (Reuters) - The Baltic Exchange's main sea freight index fell on Thursday, hurt by declining rates 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 3.5%, to 1,395, its lowest since Aug. 3.
* The capesize index dropped by 108 points, or 5.1%, to 2,019, its lowest since July 28.
* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes including iron ore and coal, declined $890 to $16,748.
* The panamax index was down 53 points, or 3.4%, at 1,515.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell by $478 at $13,635.
* The supramax index inched down by a point to 958. (Reporting by Nakul Iyer in Bengaluru; Editing by Ramakrishnan M.)
