Container ship sinks near the Strait of Hormuz as shipping attacks increase
Published . Updated .
This report is about container shipping and oil. Names like FRO typically gain because tanker operators earn more when freight rates spike. Linked by “hormuz” in this story.
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 “container” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “container” (container shipping) in this story.
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “hormuz” (oil) 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 “container” (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 “container” (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 “container” (container shipping) in this story.
- GSL Global Ship Lease-8.5% 30d
Global Ship Lease (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “container” (container shipping) in this story.
- FRO Frontline+4.7% 30d
Tanker operators earn more when freight rates spike. Linked by “tanker” 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 | — | — | — | — | — | — | — |
| USO | -5.13% | -5.78% | base | -2.74% | after close | after close | after close |
| ZIM | -1.23% | -0.66% | base | +0.27% | after close | after close | after close |
| MATXNo price data for this ticker | — | — | — | — | — | — | — |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| GSLNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -4.16% | -3.04% | base | +4.20% | 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.
Market Call
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Container ship sinks near the Strait of Hormuz as shipping attacks increase theticker.org
Source: theticker.org
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| FRO | that day | +4.20% | still updating |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| USO | that day | -2.74% | still updating |
| USO | three days earlier | -5.78% | final price |
| USO | five days earlier | -5.13% | final price |
| ZIM | that day | +0.27% | still updating |
| ZIM | three days earlier | -0.66% | final price |
| ZIM | five days earlier | -1.23% | final price |
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 118 stories about Strait of Hormuz from the past 7 days and 295 stories from the past 30. That is faster than its usual pace over the past month. “Container ship sinks near the Strait of Hormuz as shipping attacks increase” is tagged to Strait of Hormuz.
How solid the defense case looks
12 out of 100Price not final
“Container ship sinks near the Strait of Hormuz as shipping attacks increase” scores 12 out of 100. The score uses 1 sources. The price is not final yet.