* The overall index, which factors in rates for capesize,
panamax and supramax shipping vessels carrying dry bulk
commodities, fell 7 points, or about 1.2%, to 601, its lowest
since early-June 2020.
* The panamax index lost 40 points, or about 4.4%,
to 867, its lowest since June 12, 2020.
* Average daily earnings for panamaxes , which
usually carry coal or grain cargoes of about 60,000 to 70,000
tonnes, fell by $353 to $7,806.
* "As the East returns from the Lunar holidays, rates in the
Pacific showed signs of resurgence, but overall performance
remained weak with the Atlantic pulling down any positive
results," shipbroker Allied wrote in a weekly market report.
* The supramax index fell 13 points to 667.
* The capesize index snapped its 15-day long losing
streak, gaining 24 points, or about 5.7%, to 443.
* Average daily earnings for capesizes , which
typically transport 150,000-tonne cargoes such as iron ore and
coal, were up $202 at $3,677.
* Dalian and Singapore iron ore futures fell to three-week
lows on Tuesday, as rising portside inventory in China weighed
on prices already pressured by weak demand prospects. (Reporting by Harshit Verma in Bengaluru; editing by Eileen
Soreng)
Feb 7 (Reuters) - The Baltic Exchange's main sea freight
index , tracking rates for ships carrying dry bulk
commodities, fell for the fifth straight session, dragged by
weaker rates in panamax and supramax segments.
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