More of the same rates strength in the containership sector and a resurgent LNG market combined to send US-listed shipping shares higher last week.

With boxships up a further 6% and LNG owners rising 4%, the 29 shipping stocks under coverage of investment bank Jefferies rebounded to an average 2.6% gain.

This put shipping back on the plus side against the broader S&P 500 index, which climbed 1.6%, and the small-cap Russell 2000 index, which edged up 1.1%.

The Jefferies Shipping Index has now appreciated 69.7%