* The overall index, which factors in rates for capesize,
panamax and supramax shipping vessels, dropped 44 points, or
2.9%, to its lowest in more than a week at 1,463.
* The capesize index lost 89 points, or 4.7%, at
1,822.
* Average daily earnings for capesizes , which
typically transport 150,000-tonne cargoes carrying commodities
such as iron ore and coal, decreased $743 to $15,106.
* However, shipbroker Intermodal stated in a weekly note
that the capesize sector outlook looks more promising amid
optimism for the rebounding Chinese mineral demand.
* Dalian iron ore futures edged up as China's robust loan
growth in the first quarter bolstered hopes for an economic
rebound for the world's biggest steel producer, though traders
remained wary of growth and regulatory risks.
* The panamax index fell 40 points, or about 2.2% to
1,812 — its biggest dip since March 22.
* Average daily earnings for panamaxes , which
usually carry coal or grain cargoes of about 60,000 to 70,000
tonnes, decreased $357 to $16,312.
* Among smaller vessels, the supramax index lost 13
points at 1,118.
(Reporting by Ananya Bajpai in Bengaluru; Editing by Shilpi
Majumdar)
April 12 (Reuters) - The Baltic Exchange's main sea
freight index , tracking rates for ships carrying dry
bulk commodities, fell on Wednesday, pressured by lower shipping
rates for all vessel segments.
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