The Baltic Exchange's primary sea freight index, which tracks rates for ships carrying dry bulk products, slipped to its lowest level in almost three weeks on Wednesday, weighed down by lower rates for capesize vessels.

* The overall index, which factors in rates for supramax, panamax and capesize shipping vessels, fell 25 points, or 1.37%, to 1,804, its lowest level considering that May 2.

* The capesize index slipped 71 points, or 2.67%, to 2,584.

* Typical daily incomes for capesize vessels, which normally transport 150,000-ton cargoes of iron ore and coal, to name a few, reduced $586 to $21,429.

* The dry bulk market saw decreases last week due to decreased cargo and an abundance of vessels. In spite of capacity for more powerful rates recommended by the paper market, total sentiment stays unsure, Intermodal Research expert Chara Georgousi said in a weekly note on Tuesday.

* Iron ore futures hit a three-month high on Wednesday as investors bank on better need following China's support for the property sector, regardless of sufficient stocks on the planet's top customer.

* The panamax index extended its gain from the previous session by 9 points, or about 0.49%, at 1,831.

* Average everyday revenues for panamax vessels, which generally bring about 60,000-70,000 tons of coal or grain freight, increased $75 to $16,476.

* Amongst smaller vessels, the supramax index fell by 11 points, or 0.80%, to 1,371, for seventh consecutive session marking its lowest level given that April 18.