As oil climbed past $46 per barrel, shipping stocks found themselves back on the plus side Thursday, with small-cap name Horizon Lines ( HRZ) leading the group in percentage gains.

Shares of Horizon, based in Charlotte, N.C., rose 17.4% Thursday to $3.44 -- somewhat off their 52-week low of $1.95 but nowhere near their 52-week high of $20.29.

The company recently reported a fourth-quarter net loss of $18.8 million, or 63 cents per share, and said it expected 2009 to "be a very challenging year for the ocean transport industry," according to Horizon CEO Chuck Raymond. Elsewhere:
  • Diana Shipping (DSX) rose 4.3% to $13.47.
  • DryShips (DRYS) rose 3.1% to $4.31.
  • Genco Shipping (GNK) rose 5.5% to $12.84.
  • Excel Maritime (EXM) rose 3.4% to $4.28.
  • Euroseas (ESEA) rose 5.7% to $4.66.
  • Eagle Bulk Shipping (EGLE) rose 6.6% to $4.88.
  • Teekay (TGP) rose 7.9% to $19.72.
  • Seacor Holdings (CKG) rose 2.9% to $55.28.
  • Tidewater (TDW) rose 6.6% to $34.21.
  • Frontline (FRO) shares rose 3.1% to $17.49.