Feb 26 (Reuters) – The Baltic Exchange’s main sea freight index fell to its lowest in more than a week on Friday, weighed by weaker demand for capesize and panamax vessels.
* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 25 points, or 1.5%, to 1,675, its lowest since Feb. 16.
* The capesize index slipped 32 points, or 2.2%, to an over one-week low of 1,439. The index is down 16% for the week.
* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, declined $269 at $11,934.
* The panamax index dropped 68 points, or 3.1%, to 2,140, extending its losing streak to a seventh straight session.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, were down by $612 at $19,256.
* The supramax index rose 12 points to 1,878, its highest level, as per Refinitiv Eikon records going back to April 2017. (Reporting by Brijesh Patel in Bengaluru; Editing by Amy Caren Daniel)
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