Baltic index falls on lower capesize rates

May 27 (Reuters) - The Baltic exchange's main sea freight index fell on Thursday largely due to a fall in rates for the capesize vessel segment.

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 66 points, or roughly 2.4%, to 2,688, falling for a third session.

* The capesize index shed 204 points, or 5.7%, to 3,368, the lowest since April 15.

* ​Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, fell by $1,686 to $27,934.

* "Main players waiting for market to find a floor and again improve, as major commodities much in demand and overall fleet efficiency moderate," ship broker Fearnleys said in a weekly note, referring to the capesize segment.

* Asia's iron ore benchmark recovered on Thursday after hitting an over six-week low buoyed by easing concerns about a crackdown on speculative trading, while soft profits by industrial sector kept worries over policy tightening by top steel producer China at bay.

* The panamax index slipped by 27 points, or 0.9%, to 2,735, falling for the fifth session in a row.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell by $285 to $24,618.

* The supramax index rose by 28 points to 2,520. (Reporting by Seher Dareen in Bengaluru; Editing by Krishna Chandra Eluri)

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