Baltic index en route to weekly fall as capesize dips
Sept 13 (Reuters) -The Baltic Exchange's main sea freight index .BADI fell on Friday and was on its way for its first weekly decline in five weeks on Friday, pressured by a dip in the capesize segment.
* The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, declined 37 points, or 1.9%, to 1,890. The index dropped about 0.7% so far this week.
* The capesize index .BACI dipped by 136 points, or 4.2%, to 3,089 points and lost about 3.9% this week registering its first weekly decline in six.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased $1,130 to $25,620.
* The panamax index .BPNI gained 26 points, or 1.9% to reach 1,428 points.
* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain cargo, increased $229 to $12,849.
* Dalian iron ore futures prices dipped on Friday but logged a weekly rise, as the prospect of fresh Chinese stimulus and a recovery in steel demand lifted market sentiment amid the top consumer's faltering economic recovery. IRONORE/
* Among smaller vessels, the supramax index .BSIS edged up 1 points to 1,264.
Reporting by Anjana Anil in Bengaluru; Editing by Vijay Kishore
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