Baltic index rallies for fifth day on stronger capesize, panamax rates

June 29 (Reuters) - Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, rose for the fifth straight session, boosted by robust gains in capesize and panamax vessels.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 94 points, or 2.8%, at 3,418.

* The capesize index gained 115 points, or 2.9%, to 4,136.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $951 to $34,299.

* The panamax index was up 183 points, or 4.8%, at 4,010, its highest level June 2010.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $1,640 to $36,087.

* Among smaller vessels, the supramax index rose 22 points to 2,921. (Reporting by Eileen Soreng in Bengaluru; Editing by Rashmi Aich)

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