Baltic index marks worst week in 4 months as capesize rates drop

May 28 (Reuters) - The Baltic exchange's main sea freight index fell on Friday to log its worst weekly performance in about four months, as capesize rates dropped.

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 92 points, or 3.4%, to 2,596.

* The main index fell 9.5% for the week, the biggest decline since the week of Jan. 29.

* The capesize index dropped 279 points, or 8.3%, to 3,089, the lowest since April 9.

* The index shed 21.4% this week, its third straight weekly fall and worst since the week of Jan. 29.

* ​Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, fell by $2,320 to $25,614.

* Iron ore futures in Asia rose, but were set for a third weekly decline on persistent price-control concerns.

* The panamax index rose 25 points, or 0.9%, to 2,760, but was down 3.3% for the week.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell by $223 to $24,841.

* The supramax index fell 16 points to 2,504. (Reporting by Seher Dareen in Bengaluru; Editing by Vinay Dwivedi)

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