Baltic index falls to 2-week low as panamax, supramax rates slip
Jan 10 (Reuters) - The Baltic Exchange's dry bulk sea
freight index fell to a more than two-week low on
Monday, as a decline in smaller vessel rates eclipsed gains in
the capesize segment.
* The overall index, which factors in rates for capesize,
panamax and supramax vessels, fell 12 points, or 0.5%, to 2,277,
its lowest since Dec. 24.
* The capesize index rose 122 points, or 5%, to
2,554.
* Average daily earnings for capesizes, which transport
150,000-tonne cargoes such as iron ore and coal, rose by $1,014
to $21,181.
* The panamax index dropped 108 points, or 3.7%, to
2,849.
* Average daily earnings for panamaxes, which ferry
60,000-70,000 tonne coal or grain cargoes, fell by $965 to
$25,645.
* The supramax index slipped 73 points to its lowest
level since April 2021 at 2,001.
(Reporting by Brijesh Patel in Bengaluru; Editing by Aditya
Soni)
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