May 13 (Reuters) - The Baltic Exchange's main sea freight index fell for the third consecutive session on Monday, weighed down by lower capesize and panamax vessel rates.
- The overall index .BADI , which factors in rates for capesize, panamax and supramax shipping vessels, dipped 63 points, or 2.96%, to 2,066.
- The capesize index .BACI slipped 184 points, or 5.59%, to 3,108.
- Average daily earnings for capesize vessels .BATCA , which typically transport 150,000-ton cargoes of iron ore and coal, among others, decreased $1,528 to $25,773.
- Iron ore futures prices strengthened on Monday, as news of Chinese authorities issuing more bonds to spur economic growth outweighed the impact of weaker-than-expected credit data in the country.
- The panamax index .BPNI was down 9 points, or about 0.44%, to 2,017, snapping a seven-session winning streak.
- Average daily earnings for panamax vessels .BPWT , which usually carry about 60,000-70,000 tons of coal or grain cargo, lost $73 to $18,157.
- Among smaller vessels, the supramax index .BSIS held steady at 1,485.
