More of the same rates strength in the containership sector and a resurgent LNG market combined to send US-listed shipping shares higher last week.
With boxships up a further 6% and LNG owners rising 4%, the 29 shipping stocks under coverage of investment bank Jefferies rebounded to an average 2.6% gain.
This put shipping back on the plus side against the broader S&P 500 index, which climbed 1.6%,
