In trading on Monday, shipping shares were relative laggards, down on the day by about 6.5%. Helping drag down the group were shares of Genco Shipping & Trading (NYSE:GNK), down about 14.2% and shares of Navios Maritime Partners (NYSE:NMM) down about 11.8% on the day.
Also lagging the market Monday are oil & gas equipment & services shares, down on the day by about 6.4% as a group, led down by Energy Transfer Equity (NYSE:ETE), trading lower by about 35.5% and Williams Companies (NYSE:WMB), trading lower by about 32.3%.
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