India’s HPCL Says Booking Tankers for Hormuz Still Complicated
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This report is about tanker shipping and India. Names like TNK and FRO typically gain because teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- INDA iShares MSCI India ETF
iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker 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 | +38.94% | +24.54% | base | +0.00% | -13.59% | -22.59% | -18.80% |
| INDA | -4.71% | -2.79% | base | +1.64% | +2.66% | +3.21% | +2.96% |
| TNK | +22.76% | +16.36% | base | +4.60% | +3.83% | +4.22% | +7.31% |
| FRO | +27.38% | +17.44% | base | +2.08% | -0.85% | -1.76% | +1.77% |
| DHT | +22.29% | +17.01% | base | +1.64% | +0.54% | +1.71% | +5.79% |
| INSW | +18.39% | +10.91% | base | +3.69% | +1.27% | +4.05% | +8.06% |
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.
India’s HPCL Says Booking Tankers for Hormuz Still Complicated Bloomberg.com
Source: Bloomberg
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | 0.00% | final price |
| BWET | the next day | -13.59% | final price |
| BWET | two days later | -22.59% | final price |
| BWET | three days later | -18.80% | final price |
| BWET | three days earlier | +24.54% | final price |
| BWET | five days earlier | +38.94% | final price |
| DHT | that day | +1.64% | final price |
| DHT | the next day | +0.54% | final price |
| DHT | two days later | +1.71% | final price |
| DHT | three days later | +5.79% | final price |
| DHT | three days earlier | +17.01% | final price |
| DHT | five days earlier | +22.29% | final price |
| FRO | that day | +2.08% | final price |
| FRO | the next day | -0.85% | final price |
| FRO | two days later | -1.76% | final price |
| FRO | three days later | +1.77% | final price |
| FRO | three days earlier | +17.44% | final price |
| FRO | five days earlier | +27.38% | final price |
| INDA | that day | +1.64% | final price |
| INDA | the next day | +2.66% | final price |
| INDA | two days later | +3.21% | final price |
| INDA | three days later | +2.96% | final price |
| INDA | three days earlier | -2.79% | final price |
| INDA | five days earlier | -4.71% | final price |
| INSW | that day | +3.69% | final price |
| INSW | the next day | +1.27% | final price |
| INSW | two days later | +4.05% | final price |
| INSW | three days later | +8.06% | final price |
| INSW | three days earlier | +10.91% | final price |
| INSW | five days earlier | +18.39% | final price |
| TNK | that day | +4.60% | final price |
| TNK | the next day | +3.83% | final price |
| TNK | two days later | +4.22% | final price |
| TNK | three days later | +7.31% | final price |
| TNK | three days earlier | +16.36% | final price |
| TNK | five days earlier | +22.76% | final price |
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 191 stories about Strait of Hormuz from the past 7 days and 719 stories from the past 30. That is about its usual pace over the past month. “India’s HPCL Says Booking Tankers for Hormuz Still Complicated” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“India’s HPCL Says Booking Tankers for Hormuz Still Complicated” scores 12 out of 100. The score uses 1 sources.