Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses
Published . Updated .
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.
- 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.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- KEX Kirby+3.8% 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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | -1.23% | -0.66% | base | +0.34% | +1.30% | +1.09% | -0.37% |
| MATX | +1.35% | +2.85% | base | +0.30% | +1.57% | -0.15% | -0.75% |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| DACNo price data for this ticker | — | — | — | — | — | — | — |
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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Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses Financial Times
Source: Financial Times
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| MATX | that day | +0.30% | final price |
| MATX | the next day | +1.57% | final price |
| MATX | two days later | -0.15% | final price |
| MATX | three days later | -0.75% | final price |
| MATX | three days earlier | +2.85% | final price |
| MATX | five days earlier | +1.35% | final price |
| ZIM | that day | +0.34% | final price |
| ZIM | the next day | +1.30% | final price |
| ZIM | two days later | +1.09% | final price |
| ZIM | three days later | -0.37% | final price |
| ZIM | three days earlier | -0.66% | final price |
| ZIM | five days earlier | -1.23% | final price |
The Strait of Hormuz count beside this story
Geopolitics Alpha has 182 stories about Strait of Hormuz from the past 7 days and 479 stories from the past 30. That is faster than its usual pace over the past month. “Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses” is tagged to Strait of Hormuz.
How solid the shipping case looks
12 out of 100
“Mercuria challenging the ‘Dow Jones of shipping’ in court after Hormuz losses” scores 12 out of 100. The score uses 1 sources.