Chinese engineers reduce cargo ship fuel use by 5% with high-speed torpedo tech
Published . Updated .
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This report is about container shipping and China.
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 “cargo ship” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “cargo ship” (container shipping) in this story.
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”).
- ZIM ZIM Integrated Shipping Services-2.4% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “cargo ship” (container shipping) in this story.
- MATX Matson-3.5% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “cargo ship” (container shipping) in this story.
- KEX Kirby-12.6% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “cargo ship” (container shipping) in this story.
- GSL Global Ship Lease-7.5% 30d
Global Ship Lease (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “cargo ship” (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 | +35.08% | +5.02% | base | after close | after close | after close | after close |
| IYT | +2.62% | +5.05% | base | after close | after close | after close | after close |
| FXI | -4.96% | -1.02% | base | after close | after close | after close | after close |
| ZIM | +1.38% | +2.00% | base | after close | after close | after close | after close |
| MATX | +4.55% | -0.52% | base | after close | after close | after close | after close |
| KEX | +16.23% | +5.83% | base | after close | after close | after close | after close |
| GSL | +3.01% | +2.71% | base | after close | after close | 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.
Chinese engineers reduce cargo ship fuel use by 5% with high-speed torpedo tech South China Morning Post
Source: South China Morning Post
This story
| Company | When | Move | Status |
|---|---|---|---|
| BWET | three days earlier | +5.02% | final price |
| BWET | five days earlier | +35.08% | final price |
| FXI | three days earlier | -1.02% | final price |
| FXI | five days earlier | -4.96% | final price |
| GSL | three days earlier | +2.71% | final price |
| GSL | five days earlier | +3.01% | final price |
| IYT | three days earlier | +5.05% | final price |
| IYT | five days earlier | +2.62% | final price |
| KEX | three days earlier | +5.83% | final price |
| KEX | five days earlier | +16.23% | final price |
| MATX | three days earlier | -0.52% | final price |
| MATX | five days earlier | +4.55% | final price |
| ZIM | three days earlier | +2.00% | final price |
| ZIM | five days earlier | +1.38% | final price |
This story
12 out of 100
“Chinese engineers reduce cargo ship fuel use by 5% with high-speed torpedo tech” scores 12 out of 100. The score uses 1 sources.