Baltic index logs worst week in 4 months as rates across vessels fall
May 26 (Reuters) -The Baltic Exchange's main sea freight index .BADI logged its worst weekly decline in more than four months on Friday, weighed down by declining rates across vessels.
* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, dropped 43 points, or 3.5%, to 1,172 points.
* The main index was down 15.3%, its biggest weekly fall since Jan. 20.
* The capesize index .BACI posted its second straight weekly dip, falling 75 points, or 4.3%, to 1,683 points.
* The index declined about 20% this week.
* Average daily earnings for capesizes .BATCA, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $621 to $13,956.
* Dalian iron ore was on track for weekly losses pressured by darkening demand outlook in top steel producer China due to a seasonal slowdown in construction. IRONORE/
* The panamax index .BPNI lost 22 points, or 1.9% to 1,119 points, and was headed for its seventh straight weekly fall.
* The index dropped 8.4% for the week.
* Average daily earnings for panamaxes .BPWT, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, dropped $200 to $10,072.
* Among smaller vessels, the supramax index .BSIS was down 34 points, or 3.5%, at 946 points. It was headed for its worst week since Jan. 13, dropping 12.3% for the week.
Reporting by Rahul Paswan in Bengaluru;
Editing by Vinay Dwivedi
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