Frontline Ltd.(NYSE:FRO) is one of the leading shipping stocks. This morning the stock is trading slightly higher by 0.60 cents from the close yesterday. This could be an indication of higher prices for the shipping sector. The problems in the Middle East effecting the Suez Canal could be a catalyst for higher shipping rates, however, the hostile Egyptian region seems to have calmed down today. Other shipping stocks that could be in play today will be General Maritime Corp.(NYSE:GMR), and Nordic American Tanker Shipping Ltd.(NYSE:NAT).