Shipping equities fell with the broader market on Thursday after the US Federal Reserve ordered the biggest interest rate increase in three decades, to try to control rising inflation.
Shares plummeted after the 75-basis-point hike out of fear that the drastic move by the nation’s central bank would send the economy into a recession.
Norwegian Cruise Line Holdings was the biggest New York-listed loser of the day: its shares dropped 11.5%
