The dry bulk shipping sector experienced notable gains, particularly in the Capesize and Panamax segments, on March 12, 2025. The Capesize index surged by 2,370 points to reach 22,884, while the Panamax sector saw increases of 3% to 6%. The strong performance continued into March 13, with the Capesize index further rising to 23,992, up 1,108 points. Freight Forward Agreements (FFAs) also rallied, reflecting a robust market sentiment. Key stocks in the sector, including $GOGL and $BDRY, reported increases of 5% and 7%, respectively. The Baltic Dirty Tanker Index (BDTI) rose by over 2%, with Suezmax rates jumping more than 20%. Overall, dry bulk equities gained approximately 1% in European trading, indicating a positive outlook for the sector as it enters the second quarter of 2025.