Shipping activity in Europe has shown fluctuations in early February, with a notable decline on February 5. The Freightos Baltic Index (FBX) recorded a decrease to 3,439, down 40 points. Container freight futures saw a drop of 2% for February and 8% for April, while the Shanghai Containerized Freight Index for Europe fell 7.8% week-over-week to 2,274.32. In the stock market, notable movers included ZIM, which rose by 2% in pre-market trading, and Maersk, which increased by 2.5%. In contrast, several shipping stocks such as CLCO and AGAS experienced declines of 3.5% and 2.8%, respectively. Overall, the shipping sector is experiencing a cooling trend following a strong performance earlier in the week, with tankers down 2%, dry bulk down 1.5%, and LNG down by 1-8%.