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Baltic index posts gains as capesize rates rise



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Nov 8 (Reuters) -The Baltic Exchange's dry bulk sea freight index rose on Friday, buoyed by gains across the capesize vessel segment.

* The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, gained 44 points to 1,495 points.

* The capesize index .BACI rose 154 points to 2,316 points.

* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $1,280 to $19,210.

* Iron ore futures slid as investors adopted a cautious stance amid continuously falling demand. IRONORE/

* The panamax index .BPNI lost 2 points to 1,176 points.

* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain cargo, fell by $13 to $10,586.

* Among smaller vessels, the supramax index .BSIS lost 19 points to 1,079 points.



Reporting by Anjana Anil in Bengaluru; Editing by Shreya Biswas

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