The shipping sector has experienced notable activity and mixed performance in recent days. Danaos Corporation (DAC) reported its Q1 earnings with an EPS of $6.04 and a new charter backlog valued at $525 million. The company has repurchased 265,000 shares post-quarter and increased its stake in Star Bulk Carriers Corp. (SBLK). Danaos is nearly fully contracted for 2025 (99%), with 85% coverage for 2026 and 57% for 2027, and plans to add 15 new ships by late 2027 or early 2028. Jefferies raised Danaos's price target to $105. Container freight futures have surged, with June and August contracts reaching limit-up levels, increasing by as much as 16%, boosting stocks like ZIM Integrated Shipping Services Ltd. (ZIM) which saw a 9% rise over three days, reaching $18 pre-market. Maersk also benefited from the strong container freight market. European port shipping stocks, including Ningbo Marine, Guohang Ocean Shipping, Ningbo Ocean Shipping, and COSCO Shipping Holdings, saw gains with the container shipping index futures rising over 10%. Tankers have underperformed recently but showed some recovery with spot rates for VLCCs at $43,000 per day (+2%) and Suezmax at $36,000 (+5%). Okeanis Eco Tankers Corp. (ECO) reported adjusted Q1 EPS of $0.36 and a dividend of $0.32, with strong booking rates for VLCC and Suezmax spot days in Q2 2025. Star Bulk Carriers Corp. (SBLK) posted a small profit for Q1, with TCE at $12,439 and adjusted EBITDA of $49 million, declared a 5-cent dividend, and repurchased approximately 1.3 million shares. The tanker group showed mixed performance in Europe, with some stocks like TRMD gaining 3%. Overall, the shipping sector reflects strong container freight demand and improving tanker rates, supported by ongoing stock buybacks and positive earnings outlooks.