Baltic index posts 3rd straight weekly fall on weakness in smaller vessels
June 10 (Reuters) - The Baltic Exchange's main sea freight index .BADI extended its slide on Friday and was headed for a straight third weekly loss as rates weakened across smaller vessel segments.
* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 22 points to 2,320 points.
* The index was down 12% for the week.
* The capesize index .BACI inched up 2 points to 2,371 but has lost about 19% this week.
* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased by $22 to $19,665.
* The panamax index .BPNI dropped 45 points, or 1.7%, to 2,629 points and has lost about 7.8% in this week.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased by $402 to $23,662.
* Iron ore prices fell with the Singapore benchmark headed to a weekly loss on renewed concerns over demand in China, where fresh COVID-19 alerts threaten to derail the economy's reopening and steel margins have come under pressure. IRONORE/
* The supramax index .BSIS lost 32 points to 2,495.
(Reporting by Rahul Paswan in Bengaluru; Editing by Aditya Soni)
((RahulKumar.Paswan@thomsonreuters.com; If within U.S. +1 646 223 8780;;))