Shipping stocks catch a wave with word out that shipping tycoon John Fredriksen might be looking...

|By:, SA News Editor

Shipping stocks catch a wave with word out that shipping tycoon John Fredriksen might be looking to expand with a new order for vessels. The development gives some hope up that the Baltic Dry Index, up 1% YTD, bottomed out in December and will start the march back to 1,000. Daily advancers: FREE +26.4%, ESEA +4.9%, NEWL +12.7%, SB +1.4%, GNK +1.9%, EGLE +2.6%, SHIP +7.4%, EXM +10.6%, PRGN +15.3%.