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Baltic index hits over 1-month low as rates fall across vessel segments

June 7 (Reuters) - The Baltic Exchange's main sea freight index hit a more than one-month low on Tuesday, hurt by lower rates across vessel segments.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 46 points, or 1.8%, to 2,514 points.

* The capesize index fell 89 points, or about 3.2%, to 2,668 points.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $738 at $22,128.

* "Negative pressure is still present in some of the main routes, indicating a relatively more volatile market in the near term," Allied Shipbroking said in a weekly note referring to the capesize segment.

* The panamax index dropped 26 points, or 0.9%, to 2,815 points.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $234 to $25,339.

* Benchmark iron ore futures in Asia slipped as traders fretted about high prices squeezing steel mill margins after Chinese demand for the steelmaking ingredient spurred an earlier rally.

* The supramax index lost 28 points to 2,632 points.

(Reporting by Rahul Paswan in Bengaluru; Editing by Devika Syamnath)

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