Baltic index falls as capesize rates decline
Oct 30 (Reuters) -The Baltic Exchange's main sea freight index .BADI tracking rates for ships carrying dry bulk commodities fell on Wednesday, weighed down by losses in the capesize segment.
* The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, lost 7 points to 1,395 points.
* The capesize index .BACI fell 13 points to 1,846 points.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased $106 to $15,311.
* Iron ore futures were range-bound, as concerns over steel demand in top consumer China ignited by the European Union's decision to hike tariff on Chinese electric vehicles countered prospects of more fiscal stimulus from Beijing. IRONORE/
* The panamax index .BPNI gained 7 points to 1,202 points.
* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain cargo, rose $67 to $10,819.
* Among smaller vessels, the supramax index .BSIS lost 14 points to 1,207 points.
Reporting by Sherin Elizabeth Varghese in Bengaluru; Editing by Vijay Kishore
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