Geopolitics Alpha

Bahri adds to Saudi Arabian orderbook with $450m deal for VLCCs

Published . Updated .

Bahri adds to Saudi Arabian orderbook with $450m deal for VLCCs

State shipowner returns to new International Maritime Industries yard at Ras Al-Khair for big tankers

Directly affected

  • No company is named in this report.

Indirectly affected

  • FRO Frontline+4.7%

    Tanker operators earn more when freight rates spike

  • INSW International Seaways+0.8%

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • ZIM ZIM Integrated Shipping-1.2%

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson-5.7%

    Container lines are exposed when a shipping lane is disrupted

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • STNG Scorpio Tankers

    Tanker operators earn more when freight rates spike

  • DAL Delta Air Lines-3.8%

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FRONo price data for this ticker———————
INSWNo price data for this ticker———————
DHTNo price data for this ticker———————
TNKNo price data for this ticker———————
ZIMNo price data for this ticker———————
MATXNo price data for this ticker———————
XOMNo price data for this ticker———————
CVXNo price data for this ticker———————
STNGNo price data for this ticker———————
DALNo 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.

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Bahri adds to Saudi Arabian orderbook with $450m deal for VLCCs TradeWinds News

Source: TradeWinds News

This story

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This story

12 out of 100

“Bahri adds to Saudi Arabian orderbook with $450m deal for VLCCs” scores 12 out of 100. The score uses 1 sources.