* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 8 points, or about 1.5%, at 538.
* The index, however, was down 10.6% for the week.
* The capesize index fell 4 points, or about 1.5%, to 271 — its lowest since early June 2020. It was down more than 44% for the week.
* Average daily earnings for capesizes , which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $34 to $2,246.
* High inventories in the world's top coal consumer, China, are capping its appetite for imports as domestic mine production is recovering faster than demand.
* The panamax index fell 7 points, or about 0.9%, to
811. It was down 6.1% for the week, marking its seventh straight
weekly fall.
* Average daily earnings for panamaxes , which
usually carry coal or grain cargoes of about 60,000 to 70,000
tonnes, were down $56 at $7,302.
* Ukraine's grain and oilseed crop harvest is set to fall in
2023 from the previous year, with wheat and corn exports seen at
14 million tonnes and 20 million tonnes, respectively, Ukrainian
grain traders union UGA said.
* The Indian government has decided not to approve new sugar
shipments after meetings with some cane officials from major
producing regions this week, Bloomberg News reported, citing
people with knowledge of the matter.
* The supramax index rose 35 points, or 5.3%, to
695, on its best day in over a year.
(Reporting by Harshit Verma in Bengaluru; Editing by Shweta
Agarwal)
