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Jan 27 (Reuters)– The Baltic Exchange’s major sea products index was up to its least expensive degree given that April 2016, dragged down by reduced vessels prices throughout groups.

* The Baltic index, which tracks prices for capesize, panamax as well as supramax vessels shuttling completely dry mass assets, went down 11 factors, or 2.0%, to 546– its least expensive in over 3 years.

* The capesize index dropped 30 factors, or 18.2%, to 135.

* The index registered its 32nd successive session of losses, touching its least expensive degree given that April 3 in 2015.

* Average day-to-day revenues for capesizes, which normally deliver 170,000-180,000 tonne freights consisting of iron ore as well as coal, dropped $140 to $4,632.

* “The dry bulk shipping market will soften in the first quarter of 2020 before rebounding due to growth in Brazilian exports and very low fleet growth,” Randy Giveans, vice-president, equity research study at Jefferies stated in a note.

* The panamax index dropped 18 factors, or 2.6%, to 673.

* Average day-to-day revenues for panamaxes, which normally bring coal or grain freights of concerning 60,000 tonnes to 70,000 tonnes, went down $162 to $6,054.

* The supramax index dropped 1 indicate 542. (Reporting by Anjishnu Mondal in Bengaluru; Editing by Vinay Dwivedi)