Please use symbol entry at top right of page to search

Baltic index falls as capesize, panamax rates retreat

May 25 (Reuters) - The Baltic Exchange's main sea freight index fell on Wednesday, as rates declined across the larger vessel segments.

* The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, lost 126 points, or 3.9%, to 3,127.

* The capesize index dipped 301 points, or around 7%, to 3,987 points.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $2,495 at $33,069.

* Chinese steel futures flitted in a tight range on Wednesday, as COVID-19 lockdowns continue to dampen market demand despite a raft of recent stimulus measures to prop up an ailing real-estate market and the world's second-largest economy.

* The panamax index fell 103 points, or 3.1%, to 3,218 points.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $927 to $28,965.

* The supramax index rose 5 points to 2,833 points. (Reporting by Rahul Paswan in Bengaluru; Editing by Shailesh Kuber)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.