Iraq revives shipping line after 50 years as Hormuz crisis bites
Published . Updated .
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This report is about container shipping.
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 “shipping” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- MATX Matson-5.4% 7d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- 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 “shipping” (container shipping) in this story.
- KEX Kirby+2.6% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (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 “shipping” (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 | -3.51% | +0.00% | base | +0.12% | +0.48% | +4.59% | +4.59% |
| IYT | -1.05% | +1.53% | base | +1.82% | +0.14% | +1.10% | +1.18% |
| MATX | +3.59% | -0.77% | base | +1.23% | -0.48% | -1.08% | -2.49% |
| ZIM | -1.34% | -1.63% | base | +0.64% | +0.44% | -1.02% | -4.20% |
| KEX | +1.17% | -2.51% | base | +1.94% | +8.42% | +8.29% | +6.87% |
| DAC | -0.63% | -0.15% | base | -0.39% | +0.48% | +0.66% | -0.47% |
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.
Iraq revives shipping line after 50 years as Hormuz crisis bites The New Arab
Source: The New Arab
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | +0.12% | final price |
| BWET | the next day | +0.48% | final price |
| BWET | two days later | +4.59% | final price |
| BWET | three days later | +4.59% | final price |
| BWET | three days earlier | 0.00% | final price |
| BWET | five days earlier | -3.51% | final price |
| DAC | that day | -0.39% | final price |
| DAC | the next day | +0.48% | final price |
| DAC | two days later | +0.66% | final price |
| DAC | three days later | -0.47% | final price |
| DAC | three days earlier | -0.15% | final price |
| DAC | five days earlier | -0.63% | final price |
| IYT | that day | +1.82% | final price |
| IYT | the next day | +0.14% | final price |
| IYT | two days later | +1.10% | final price |
| IYT | three days later | +1.18% | final price |
| IYT | three days earlier | +1.53% | final price |
| IYT | five days earlier | -1.05% | final price |
| KEX | that day | +1.94% | final price |
| KEX | the next day | +8.42% | final price |
| KEX | two days later | +8.29% | final price |
| KEX | three days later | +6.87% | final price |
| KEX | three days earlier | -2.51% | final price |
| KEX | five days earlier | +1.17% | final price |
| MATX | that day | +1.23% | final price |
| MATX | the next day | -0.48% | final price |
| MATX | two days later | -1.08% | final price |
| MATX | three days later | -2.49% | final price |
| MATX | three days earlier | -0.77% | final price |
| MATX | five days earlier | +3.59% | final price |
| ZIM | that day | +0.64% | final price |
| ZIM | the next day | +0.44% | final price |
| ZIM | two days later | -1.02% | final price |
| ZIM | three days later | -4.20% | final price |
| ZIM | three days earlier | -1.63% | final price |
| ZIM | five days earlier | -1.34% | final price |
The Strait of Hormuz count beside this story
Geopolitics Alpha has 189 stories about Strait of Hormuz from the past 7 days and 497 stories from the past 30. That is faster than its usual pace over the past month. “Iraq revives shipping line after 50 years as Hormuz crisis bites” is tagged to Strait of Hormuz.
How solid the shipping case looks
12 out of 100
“Iraq revives shipping line after 50 years as Hormuz crisis bites” scores 12 out of 100. The score uses 1 sources.