In trading on Monday, shipping shares were relative laggards, down on the day by about 5.1%. Helping drag down the group were shares of Golden Ocean Group (NASDAQ:GOGL), down about 10% and shares of Ultrapetrol (ULTR) down about 9.5% on the day.
Also lagging the market Monday are oil & gas exploration & production shares, down on the day by about 5% as a group, led down by Cobalt International Energy (CIE), trading lower by about 18.6% and Ocean Rig UDW (NASDAQ:ORIG), trading lower by about 16.7%.
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