Shipping/NOL

Shipping/NOL: Maersk Line sees container freight rates & volumes remaining unchanged for the rest of the yr. This is welcome news for box shippers like NOL, where expectations are for shipping rates to peak during 3Q before softening in 4Q as more capacity is added. Stock has lost 20¢ from recent high of $2.15 on 6 Aug; 200-MA support lies at $1.88.