Shipping shares plummet on the New York Stock Exchange
Black Monday for tanker and bulk shares on Wall Street, where investors do not share the view that the low oil price brings increased demand in the global shipping industry. Massive declines across tanker and dry bulk Monday night.
BY OLE ANDERSEN
Shipping shares on Wall Street were hammered down across the board on Monday, which brought double-digit drops on a day marked by investors' concerns about the consequences of the low oil price.
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