Broad markets experienced a decline of 1.5% to 2% on March 4, 2025, with tankers initially opening sharply lower before rebounding to moderate gains. The Baltic Capesize Index reported a drop to 15,711, down 617 points, while the Baltic Dry Index rose by 4.72% to 1,286 points on March 6. The Capesize index later increased to 17,267, gaining 1,556 points, indicating a strong day for freight forward agreements (FFAs), with March Capesize contracts returning to $20,000. In the tanker market, spot rates showed positive movement with VLCC rates at $41,000, Suezmax at $29,000, and Aframax at $29,000, reflecting daily increases of 2%, 2%, and 1%, respectively. The container freight futures also saw a substantial rebound, with April contracts up by 5% and June contracts increasing by 15%. Overall, tankers and dry bulk sectors demonstrated resilience amid broader market fluctuations.