Updated from 10:23 a.m. EST
, which rose Thursday on a big jump in fourth-quarter earnings, sharply reversed course Friday.
Shares of the company, which rose more than 7% to close at$14.09 Thursday, were sinking 14.3% to $12.07 in Friday trading.
Elsewhere in the shipping sector:
Eagle Bulk Shipping was falling 14.5% to $3.31.
was down 10.7% to $11.81.
Excel Maritime Carriers , which endured a double-digit plunge Thursday, was down 9.2% to $4.04.
DryShips was down 2.5% to $3.50.