On April 11, 2025, the shipping sector experienced notable gains, particularly in the tanker and dry bulk markets. Suezmax and Aframax tanker rates approached $50,000 per day, contributing to a 6% increase in tanker stocks, including Frontline Plc (FRO), Nordic American Tanker (NAT), Tsakos Energy Navigation Ltd. (TEN), and others. The dry bulk market also rallied, with freight forward agreements (FFAs) increasing by 5-7% following a 90-day tariff pause announced by former President Donald Trump. Despite a broader market decline of 4-5%, dry bulk FFAs showed resilience. Additionally, the Office of Foreign Assets Control (OFAC) sanctioned 30 more tankers linked to Iran, impacting companies like FRO and NAT. Spot rates for Very Large Gas Carriers (VLGCs) surged by 29% to $15,000 per day, with expectations of further increases. The shipping indices reflected this positive trend, with the Baltic Dry Index (BDI) rising to 1,274, and other indices also reporting gains.