Arctic shipping brings shorter routes but few rewards, new research finds
Published . Updated .
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New research finds that new Arctic shipping routes offer limited economic benefits while still posing sizeable environmental and geopolitical risks.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services-1.2% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- MATX Matson-5.8% 11d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- KEX Kirby-10.4% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +44.12% | +15.72% | base | -10.42% | -6.15% | after close | after close |
| IYT | -1.32% | -2.08% | base | +0.10% | +0.11% | after close | after close |
| ZIM | +2.88% | -3.65% | base | -1.40% | +1.60% | after close | after close |
| MATX | +6.71% | +2.67% | base | -0.50% | +1.34% | after close | after close |
| KEX | +13.54% | -3.89% | base | -0.12% | after close | after close | after close |
| DAC | +3.92% | +0.84% | base | +0.13% | +0.58% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Arctic shipping brings shorter routes but few rewards, new research finds Arctic Today
Source: Arctic Today
Arctic
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -10.42% | final price |
| BWET | the next day | -6.15% | still updating |
| BWET | three days earlier | +15.72% | final price |
| BWET | five days earlier | +44.12% | final price |
| DAC | that day | +0.13% | final price |
| DAC | the next day | +0.58% | still updating |
| DAC | three days earlier | +0.84% | final price |
| DAC | five days earlier | +3.92% | final price |
| IYT | that day | +0.10% | final price |
| IYT | the next day | +0.11% | still updating |
| IYT | three days earlier | -2.08% | final price |
| IYT | five days earlier | -1.32% | final price |
| KEX | that day | -0.12% | final price |
| KEX | three days earlier | -3.89% | final price |
| KEX | five days earlier | +13.54% | final price |
| MATX | that day | -0.50% | final price |
| MATX | the next day | +1.34% | still updating |
| MATX | three days earlier | +2.67% | final price |
| MATX | five days earlier | +6.71% | final price |
| ZIM | that day | -1.40% | final price |
| ZIM | the next day | +1.60% | still updating |
| ZIM | three days earlier | -3.65% | final price |
| ZIM | five days earlier | +2.88% | final price |
How busy Arctic has been lately
Geopolitics Alpha has 13 stories about Arctic from the past 7 days and 60 stories from the past 30. That is about its usual pace over the past month. “Arctic shipping brings shorter routes but few rewards, new research finds” is tagged to Arctic.
How solid the shipping case looks
12 out of 100Price not final
“Arctic shipping brings shorter routes but few rewards, new research finds” scores 12 out of 100. The score uses 1 sources. The price is not final yet.