Shipping firms trade higher in frenzied action tied to a strong outlook for shipping rates in...

|By:, SA News Editor

Shipping firms trade higher in frenzied action tied to a strong outlook for shipping rates in 2013. Despite the rush, many analysts warn the sector is a place for investors to look to "rent" stocks instead of buy and hold. Advancers: EGLE +40.5%, EXM +26.5%, DRYS +12.2%, PRGN +7.8%, ESEA +7.5%, DSX +6.1%, GNK +8.1%.