Seanergy leads gainers in mixed session

Shipping stocks mostly rising in New York though most other bulker owners sink. Asia declines.

9 March 2016 17:32 GMT Updated 9 March 2016 17:32 GMT

Shipping and offshore vessel shares moved in all directions Wednesday, as Seanergy Maritime led a rising day in New York after most Asian shares pulled back.

Nasdaq-listed shares in bulker owner Seanergy catapulted by 39.1% to hit $3.64 in late-morning trading.

While gainers are only slightly outnumbering decliners, New York’s shipping shares were mostly rising along with the broader markets today. The improvements were insufficient to erase declines earlier this week.