GasLog Ltd. ($GLNG) reported first-quarter 2025 results with adjusted EBITDA of $41 million, cash reserves of $678 million, and declared a 25-cent dividend. The company indicated plans to potentially order additional floating liquefied natural gas (FLNG) units later in 2025 and expressed openness to equity partnerships to accelerate new unit development. Following the earnings announcement, GLNG shares rose by 3.5% and continued to gain an additional 4% the next day. In the broader shipping market, container freight futures declined by 1-4%, with August contracts down 4%, while the Freightos Baltic Index (FBX) showed a 13-20% increase in China-US routes but a 4-6% decline in Europe. Tanker spot rates weakened, with VLCC rates down 7% to $40,000 per day, Suezmax down 1% to $31,000, and Aframax down 6% to $26,000. Tanker stocks experienced mixed performance, initially rising up to 2.5% but later declining 3-5%. The overall European shipping market saw tankers down 1-3% and dry bulk flat to up 3%. Companies mentioned include GasLog Ltd. ($GLNG), ZIM Integrated Shipping Services ($ZIM), Maersk ($MAERSK), Frontline Ltd. ($FRO), Teekay Tankers ($TNK), Scorpio Tankers ($STNG), DHT Holdings ($DHT), and Hafnia ($HAFNI).