The Baltic Exchange's dry bulk sea freight index rose to its highest in two months on Monday on higher Capesize vessel rates.
The main index edged four points higher or 0.3 per cent, to 1,422, its highest since April 4.
The Capesize index was up 23 points or one per cent, at 2,300, its highest level since April 3. Average daily earnings for Capesize vessels added $186 to $19,071.
On Sunday, US Treasury Secretary Scott Bessent said President Donald Trump would soon speak with Chinese President Xi Jinping to iron out a dispute over critical minerals.
The Panamax index was down 12 points, or one per cent, at 1,107. Average daily earnings for Panamax vessels receded by $105 to $9,967.
Among smaller vessels, the supramax index was unchanged at 951 points.
(Reporting by Ishaan Arora in Bengaluru; Editing by Leroy Leo)
