The Baltic Exchange's main sea freight index snapped a 10-session losing streak and rose on Monday as Capesize rates strengthened.
The main Baltic index rose 35 points, or 1.39 per cent, to 2,546 points; the index declined about 14 per cent last week.
The Capesize index gained 116 points, or 3.57 per cent, to 3,365 points; it dropped 25 per cent last week.
Average daily earnings for Capesize vessels increased by $1,054 to $27,015.
Iron ore futures rose after data showed China's economic growth beat expectations and steel output increased, though soft underlying iron ore fundamentals capped gains.
The Panamax index shed 28 points, or 1.21 per cent, to 2,286 points.
Average daily earnings for Panamax vessels fell by $254 to $20,573.
Among smaller vessels, the supramax index rose by three points, or 0.16 per cent, to 1,868 points.
(Reporting by Noel John in Bengaluru; Editing by Joyjeet Das)