Baltic edges up on stronger capesize and panamax vessel rates

Oct 7 (Reuters) – The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged up on Tuesday, supported by higher capesize and panamax vessel rates. * The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 15 points to 1,947 points. * The capesize index rose 57 points to 2,885 points. * Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $474 to $23,927. * The panamax index snapped a seven-day losing streak, rising 11 points to 1,665 points. * Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, rose by $102 to $14,988. * Among smaller vessels, the supramax index fell 18 points to 1,425 points, its lowest since August 22. (Reporting by Pablo Sinha in Bengaluru; Editing by Vijay Kishore)

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