Shipping stocks drop one after another due to virus outbreak

Shipping and transport equities on Danish and Norwegian exchanges suddenly dropped late Monday morning CET. Coronavirus worries weigh down on share prices, and at noon, Maersk, Torm and Golden Ocean declined by more than 5 percent.

Photo: Sun Yilei/Reuters/Ritzau Scanpix

Major shipping equities like Maersk, Golden Ocean and Frontline have, like most stock markets, started the week off with significant declines in share prices, with concerns over the Coronavirus factoring in.

On Nasdaq Copenhagen, this yields major price drops for Maersk B, DFDS and DSV Panalpina shares, which on Monday just past noon are down by 5.7, 6 and 5.6 percent, respectively.

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