Shipping stocks were off to the races again in New York Monday after a week in which they outpaced even the broader market indices and their record highs.

Monday's continued momentum once again turned on positive news regarding a vaccine for Covid-19, as this time Moderna released results showing 95% effectiveness in early trials.

Last week it had been Pfizer with a similar revelation, sending both the Dow Jones Industrial Average and the S&P 500 to record highs.