The Baltic Exchange's dry bulk sea freight index snapped a two-session losing streak, as gains in the Capesize segment outweighed weaker Panamax rates.
The main Baltic index was up 15 points, or 0.5 per cent, at 2,791.
The Capesize index gained 53 points, or 1.2 per cent, to 4,429.
Average daily earnings for Capesize vessels rose $486 to $36,667.
Iron ore futures fell, giving back gains from the previous session's jump driven mainly by coking coal and coke prices, as persistently weak steel demand continued to weigh on sentiment.
The Panamax index was down 19 points, or one per cent, at 2,088, its lowest level since July 31.
Average daily earnings for Panamax vessels fell $174 to $18,790.
Among smaller vessels, the supramax index gained three points, or 0.2 per cent, to 1,637, its highest level since July 28.
(Reporting by Vedika Thorat in Bengaluru; Editing by Tasim Zahid)
