In trading on Wednesday, shipping shares were relative leaders, up on the day by about 1.8%. Leading the group were shares of Navios Maritime Holdings (NYSE:NM), up about 11.8% and shares of Golden Ocean Group (NASDAQ:GOGL) up about 6.6% on the day.
Also showing relative strength are packaging & containers shares, up on the day by about 1.3% as a group, led by Owens-Illinois (NYSE:OI), trading higher by about 2.1% and International Paper Company (NYSE:IP), trading higher by about 1.8% on Wednesday.
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