- There are broad gains again in the shipping sector off some rampant speculation and short interest sorting out. Many analysts and trade publications are having a tough time getting a handle on the frenzied action.
- Looking ahead -- the Hanjin bankruptcy factor, the rollback of sanctions, M&A and the Jones Act are considered sector wildcards.
- Notable movers include Global Ship Lease (GSL +39%), Diana Containerships (DCIX +5%), Navios Maritime Partners (NMM +12.9%), Safe Bulkers (SB +2.6%), Overseas Shipholding Group (OSG +2.7%), Gener8 Maritime (GNRT +3.5%) and Pangea Logistics Solutions (PANL +14.2%).
- Previously: Shipping stocks race higher again on sector-wide volatility (Nov. 16)