The Baltic Exchange's dry bulk sea freight index rose on Monday, as rates increased across larger vessel segments.
The index edged up four points to 994 points.
The Capesize index was up 17 points to 1,132 points. Average daily earnings for Capesize vessels increased by $144 to $9,388.
Iron ore futures rose on Monday, aided by expectations of restocking by steelmakers in top consumer China, although high portside inventories and concerns about demand going into next year limited the gains.
The Panamax index rose four points to 980 points. Average daily earnings for Panamax vessels rose $38 to $8,820.
Among smaller vessels, the supramax index was down eight points at 932 points, its lowest level since August last year.
(Reporting by Anmol Choubey in Bengaluru; Editing by Sahal Muhammed)