Shipping shares were swept up in a global share price slump Tuesday driven by a sharp decline in Japanese equities.
The Dow Jones Global Shipping Index has plunged 4.2% so far today, after sliding 2.7% in yesterday’s session.
Broader market declines across the globe followed a 5% plunge in the main Japanese stock index. Shipping share fared no better, as the TOPIX Marine Transportation Index of Japanese shipping stocks closed 7.1%
