* The overall index, which factors in rates for capesize,
panamax and supramax shipping vessels, fell 28 points, or 1.9%,
to 1,435.
* The index was down 8% for the week — its biggest weekly
percentage fall since Feb. 17.
* The capesize index shed 38 points, or 2%, to
1,850. The index was down 9.4% for the week - its worst since
the week ended March 31.
* Average daily earnings for capesizes , which
typically transport 150,000-tonne cargoes carrying commodities
such as iron ore and coal, decreased $313 to $15,344.
* Iron ore futures wobbled and are on track for their second
consecutive weekly fall amid mounting concerns about demand for
the steel-making ingredient in top steel producer China.
* The panamax index fell 45 points, or 2.6%, to
1,702. The index was down 8.1% for the week its lowest since
week ending March 24.
* Average daily earnings for panamaxes , which
usually carry coal or grain cargoes of about 60,000 to 70,000
tonnes, decreased $407 to $15,317.
* Among smaller vessels, the supramax index lost 9
points at 1,096.
(Reporting by Ananya Bajpai in Bengaluru; Editing by Pooja
Desai)
April 14 (Reuters) - The Baltic Exchange's main sea
freight index , tracking rates for ships carrying dry
bulk commodities, fell on Friday to mark it worst week since
mid-February as demand waned across all vessel segments.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.