The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments.
* The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 44 points, or 3.3%, to 1,296, its lowest since May 14.
* The capesize index was down 91 points, or 4.8%, at 1,809.
* Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, fell $752 to $15,005.
* Iron ore futures fell for a third straight session amid renewed market talk of crude steel production cuts in top consumer China, which has long been plagued by overcapacity.
* The panamax index fell 38 points, or 3%, to 1,208, its lowest level in more than a month.
* Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, receded $349 to $10,869.
* Among smaller vessels, the supramax index dipped 9 points to 974, its lowest in more than two weeks.
(Reuters/Reporting by Ishaan Arora in Bengaluru; Editing by Sahal Muhammed)
