Greek-owned shipping companies on Wall Street started the week with a strong boost, recording significant gains in the wake of the US-China trade truce. The tentative agreement between the two superpowers to “freeze” new tariffs boosted positive sentiment in the markets and restored optimism for stable global trade flows.

Costamare of Costis Konstantakopoulos rose 9.17%, while Dr.Danaos Corp of Dr. Ioannis Koustas posted a gain of 3.60%. Positive figures were also reported for Star Bulk Carriers of Petros Pappas (+5.03%) and Diana Shipping Inc. of the Palios family (+1.44%). Tsakos Energy Navigation (TEN) was also up 2.28%, as was Okeanis Eco Tankers of the Alafouzos Group, which closed up 1.77%.

The positive momentum was not limited to Greek companies.