Dimerco November Freight Report Highlights Capacity Squeeze Within Asia
Published . Updated .
Covered by 2 outlets: Kitsap Sun, El Paso Times.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about container shipping and Asia.
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 “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-5.9% 15d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”).
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-6.5% 8d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (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 “freight” (container shipping) in this story.
- KEX Kirby+1.3% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (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 | -1.54% | +2.86% | base | after close | after close | after close | after close |
| IYT | -1.11% | -1.81% | base | after close | after close | after close | after close |
| AAXJ | +2.41% | +2.89% | base | after close | after close | after close | after close |
| ZIM | +4.85% | +3.12% | base | after close | after close | after close | after close |
| MATX | +4.99% | +2.59% | base | after close | after close | after close | after close |
| DAC | +2.07% | +3.14% | base | after close | after close | after close | after close |
| KEX | -2.29% | +3.79% | 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.
Dimerco November Freight Report Highlights Capacity Squeeze Within Asia Kitsap Sun
Source: Kitsap Sun
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| AAXJ | three days earlier | +2.89% | final price |
| AAXJ | five days earlier | +2.41% | final price |
| BWET | three days earlier | +2.86% | final price |
| BWET | five days earlier | -1.54% | final price |
| DAC | three days earlier | +3.14% | final price |
| DAC | five days earlier | +2.07% | final price |
| IYT | three days earlier | -1.81% | final price |
| IYT | five days earlier | -1.11% | final price |
| KEX | three days earlier | +3.79% | final price |
| KEX | five days earlier | -2.29% | final price |
| MATX | three days earlier | +2.59% | final price |
| MATX | five days earlier | +4.99% | final price |
| ZIM | three days earlier | +3.12% | final price |
| ZIM | five days earlier | +4.85% | final price |
How solid the shipping case looks
25 out of 100
“Dimerco November Freight Report Highlights Capacity Squeeze Within Asia” scores 25 out of 100. The score uses 2 sources.