On December 10, 2024, the shipping industry in Europe showed mixed performance across various sectors. Container freight futures ended flat to a decline of 3%, with open interest on contracts at low levels compared to earlier in the year. The Baltic Dry Index fell by 1.03% to 1,156, while the Capesize index decreased by 238 points to 12,464. In tanker spot rates, the LR2 increased by 4% to $26,100, and the Suezmax rose by 4% to $31,000. However, the Very Large Crude Carrier (VLCC) rates saw a decrease of 2% to $30,400. The dry bulk sector experienced a modest gain of 1%, while container shipping saw a decline of 1%. Notable stock movements included $HAFN rising by 3%, $BORR increasing by 4%, and $ZIM declining by 1%. Additionally, the 2025 VLCC futures contract hit lifetime lows, pricing below $28,000 per day. Factors influencing these trends include lower U.S. imports and an increase in vessel supply, partly attributed to front-loading of cargo due to a port strike threat and tariffs imposed by the Trump administration.