- Select shipping stocks are showing strength today with developments in the Ukraine just a small part of the story.
- Issues of demand and shipping rates in the industry have been in focus, while the reactions of shorts is still an underlying factor.
- Advancers: Eagle Bulk Shippers (NASDAQ:EGLE) +9.5%, Diana Shipping (NYSE:DSX) +3.5%, FreeSeas (FREE) +3.4%, Navios Maritime Holdings (NYSE:NM) +3.6%, Euroseas (NASDAQ:ESEA) +4.6%, Baltic Trading (NYSE:BALT) +3.8%, Paragon Shipping (PRGN) +2.2%.
- The Baltic Dry Index is up 1.5% on the day.