Everything Rallied Except The Yards That Build The Ships

Fifty-two of the 54 shipping stocks tracked across ten segments finished the session in the green. The two that did not were shipyards. And the third-worst performer was also a shipyard. That is the whole story of the day, and it is a neat one: the people who own ships had a very good afternoon, and the people who build them did not. Wan Hai Lines topped the board with a gain of 9.69 per cent, followed by Yang Ming Marine at 6.14, SITC International at 5.41 and COSCO Shipping…

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