Baltic index declines for second day on weak demand across vessels
Nov 19 (Reuters) -The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, pressured by weak demand across all vessel segments.
* The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 129 points to 1,627 points.
* The capesize index .BACI fell 354 points to 2,808 points.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $2,929 to $23,291.
* Iron ore futures rose for a second consecutive session to a one-week high on Tuesday, supported by a weaker dollar and the start of restocking by Chinese steelmakers to maintain production in January. IRONORE/
* The panamax index .BPNI lost 31 points to 1,171 points.
* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain cargo, shed $285 to $10,536.
* Among smaller vessels, the supramax index .BSIS shed 10 points to 999 points.
Reporting by Rahul Paswan in Bengaluru; Editing by Tasim Zahid
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