As Attacks Mount, Shipping Faces an Uncomfortable Question: Are Safety Rules Fit for War?
Published . Updated .
October has become the worst month on record for attacks on merchant ships in and around the Strait of Hormuz, and oil is now washing onto the beaches of the United Arab Emirates.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
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.
- ITA iShares U.S. Aerospace & Defense ETF-6.7% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“emirates”).
- 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-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- KEX Kirby-4.0% 18d
Kirby (water transportation): 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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| ITA | -0.49% | -1.27% | base | after close | after close | after close | after close |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| UAENo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | -1.34% | -1.63% | base | after close | after close | after close | after close |
| MATX | +3.59% | -0.77% | base | after close | after close | after close | after close |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
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As Attacks Mount, Shipping Faces an Uncomfortable Question: Are Safety Rules Fit for War? gCaptain
Source: gCaptain
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| ITA | three days earlier | -1.27% | final price |
| ITA | five days earlier | -0.49% | final price |
| MATX | three days earlier | -0.77% | final price |
| MATX | five days earlier | +3.59% | final price |
| ZIM | three days earlier | -1.63% | final price |
| ZIM | five days earlier | -1.34% | final price |
Strait of Hormuz on the map for this story
Geopolitics Alpha has 116 stories about Strait of Hormuz from the past 7 days and 296 stories from the past 30. That is faster than its usual pace over the past month. “As Attacks Mount, Shipping Faces an Uncomfortable Question: Are Safety Rules Fit for War?” is tagged to Strait of Hormuz.
How solid the defense case looks
12 out of 100
“As Attacks Mount, Shipping Faces an Uncomfortable Question: Are Safety Rules Fit for War?” scores 12 out of 100. The score uses 1 sources.