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Baltic dry bulk index slips as capesize rates weaken
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June 25 (Reuters) - The Baltic Exchange's main sea freight index that tracks rates for ships carrying dry bulk commodities fell on Wednesday, weighed by a decline in capesize vessel rates.
* The main index .BADI, which monitors rates for capesize, panamax and supramax shipping vessels, was down 16 points, or 1%, at 1,665, hitting its lowest level since June 6.
* The capesize index .BACI fell 93 points, or 3.3%, to 2,724, hitting its lowest level since June 4. The contract was down for a seventh-straight session.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $768 to $22,592.
* Iron ore futures prices fell for a second straight session on Wednesday, weighed down by rising shipments from Australia and Brazil and a seasonal slowdown in demand from top consumer China. IRONORE/
* The panamax index .BPNI rose 41 points, or 3%, to 1,425, gaining for the third straight session.
* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain, increased $370 to $12,825.
* Among smaller vessels, the supramax index .BSIS gained 11 points or 1.1% to 994.
(Reporting by Sherin Elizabeth Varghese in Bengaluru; Editing by Sahal Muhammed)
((sherinelizabeth.varghese@thomsonreuters.com;))