Baltic index rises for fifth straight day on strong capesize demand
July 2 (Reuters) -The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth straight session on Tuesday as capesize vessel rates rose.
* The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose 21 points, or 1%, to 2,179.
* The capesize index .BACI was up 97 points, or 2.6%, to 3,888, its highest level since March 19.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes, such as iron ore and coal, were up $810 at $32,248.
* Dalian iron ore futures rose on Tuesday, supported by bets of more stimulus in top consumer China. IRONORE/
* The panamax index .BPNI fell 22 points, or about 1.3%, to 1,640, its lowest level since April 10.
* Average daily earnings for panamax vessels .BPWT, which usually carry about 60,000-70,000 tons of coal or grain cargo, declined $196 to $14,759.
* Among smaller vessels, the supramax index .BSIS fell 18 points, or 1.3% to 1,351.
Reporting by Anmol Choubey in Bengaluru; Editing by Shreya Biswas
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