European shipping stocks experienced a strong trading day on July 2, 2025, with tankers rising by approximately 2.5% and dry bulk carriers showing solid gains. Notably, Golden Ocean Group Limited ($GOGL) led the market with a 5.5% increase pre-market on 77,000 volume, followed by other top gainers including BW LPG ($BWLPG) up 4%, Maersk ($MAERSK) and Oceanex ($OET) both up 3.3%, and Triton Marine ($TRMD) up 2.7%. The dry bulk sector was buoyed by Pan Ocean Co. Ltd. ($PANL) and Golden Ocean Group ($GOGL), each advancing around 3%. The Capesize index declined by 400 points, with current spot rates aligning with July contract values. Additionally, the filing of a preliminary proxy statement by Costamare Inc. ($CMBT) is believed to have contributed to the strength in $GOGL shares. In the broader freight futures market, forward freight agreements (FFAs) for bulk carriers increased by 1-2%. Meanwhile, some memecoins such as $GAYMAN and $TAP showed renewed activity, and $GOR climbed back to the trending list with a market capitalization of $26.6 million.