* The overall index, which factors in rates for
capesize, panamax and supramax shipping vessels, dropped 17 points to 761
points, its lowest since February 2023. * The capesize index slipped 25 points
to 958 points, down to March 2023 levels. * Average daily earnings for capesize
vessels, which typically transport 150,000-ton cargoes such as iron ore and
coal, lost $210 to $7,946.
* Dalian iron ore futures prices climbed on Monday and were set for
monthly gains, aided by resilient demand in top consumer China, while U.S.
President Donald Trump’s recent comments eased concerns about an escalation in
U.S.-China trade tensions.
* The panamax index fell 15 points to 759 points,
hitting its lowest since May 2020. *
Average daily earnings for panamax vessels, which usually carry about
60,000-70,000 tons of coal or grain, decreased by $142 to $6,827. * Among
smaller vessels, the supramax index was down 10 points at 629 points, its
lowest since February 2023.