US shipping shares headed downward amid slumping stock markets in New York, with Navios Maritime Holdings and Pyxis Tankers leading the dip.
Angeliki Frangou-led Navios, that bulker owner whose stock price had seen recent gains after a legal win against Vale, saw its shares move downward by 12.4% today to $1.41.
And products tanker owner Pyxis also pulled back from recent gains, dropping 12.5%
