Bearish sentiment on the worst day for the Dow since 1987 sent the index down 10% and crushed most of the shipping stocks in its path, overpowering even a $1.5trn intervention by the US Federal Reserve Thursday afternoon.

A few tanker owners stoked by the impending glut in world oil supplies managed to buck the carnage and turn green numbers, even as the Dow Jones Industrial Average bled 2,300 points.