Gains for Greek shipping companies on Wall Street on the US-China truce

Greek-owned shipping firms on Wall Street opened the week on a high note, experiencing substantial gains following the US-China trade agreement. This preliminary deal between the two major economies to “freeze” new tariffs has heightened market optimism and encouraged expectations for steady global trade flows.

Costamare, led by Costis Konstantakopoulos, saw a rise of 9.17%, while Dr.Danaos Corp, under Dr. Ioannis Koustas, increased by 3.60%. Other notable gains included Star Bulk Carriers helmed by Petros Pappas (+5.03%) and Diana Shipping Inc. from the Palios family (+1.44%). Additionally, Tsakos Energy Navigation (TEN) climbed by 2.28%, and Okeanis Eco Tankers from the Alafouzos Group finished up 1.77%.

The positive trends were not confined to Greek companies.