January 9, 2020 / 1:58 PM / 10 days ago

CORRECTED-Baltic index slows slide, weaker vessel demand persists

(Corrects day in para 1- should be Thursday instead of Wednesday)

Jan 9 (Reuters) - The Baltic Exchange’s main sea freight index inched down on Thursday, falling for its 21st straight session, to an over eight-month low on lower demand across all vessels.

* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 1 point, or 0.1%, to 772 points, its lowest level since April 17, 2019.

* This is the smallest daily percentage fall since the index started its slide on Dec. 4.

* The capesize index fell 42 points, or 3.5%, to 1,155 - its lowest since May 7.

* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, increased $179 to $9,199.

* The panamax index declined 18 points, or 2.2%, to 785 points, its lowest since Feb. 27.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, dipped $160 to $7,063.

* The supramax index fell 12 points to 581. (Reporting by Harshith Aranya in Bengaluru; Editing by Krishna Chandra Eluri)

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