The continued rates rally in the containership sector is getting noticed by investors and helping move the broader pack of New York-listed shipping stocks higher.
US containership shares surged an average 14% last week, helping the 30 shipping stocks under the coverage of investment bank Jefferies gain 4.6% overall.
Jefferies lead shipping analyst Randy Giveans said he was encouraged by a rebound in investor interest as 21 of the New York listings gained ground.
