MSI sees downward warning signs in tanker and bulker asset prices
Published . Updated .
Consultancy questions whether current secondhand valuations can withstand the next phase of the shipping cycle
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 tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline+14.2% 30d
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+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- 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.
- 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.
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 | — | — | — | — | — | — | — |
| FRO | -7.71% | -0.56% | base | +1.86% | +2.38% | after close | after close |
| DHT | -1.31% | +0.55% | base | +2.64% | +2.02% | after close | after close |
| INSW | -2.92% | +1.80% | base | +1.69% | -0.14% | after close | after close |
| TNK | -4.03% | +1.71% | base | +1.93% | +1.10% | after close | after close |
| ZIM | -2.06% | -0.44% | base | -1.45% | -4.62% | after close | after close |
| MATX | -0.28% | +0.49% | base | -0.60% | -2.02% | after close | after close |
| KEXNo 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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MSI sees downward warning signs in tanker and bulker asset prices TradeWinds News
Source: TradeWinds News
Energy
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +2.64% | final price |
| DHT | the next day | +2.02% | final price |
| DHT | three days earlier | +0.55% | final price |
| DHT | five days earlier | -1.31% | final price |
| FRO | that day | +1.86% | final price |
| FRO | the next day | +2.38% | final price |
| FRO | three days earlier | -0.56% | final price |
| FRO | five days earlier | -7.71% | final price |
| INSW | that day | +1.69% | final price |
| INSW | the next day | -0.14% | final price |
| INSW | three days earlier | +1.80% | final price |
| INSW | five days earlier | -2.92% | final price |
| MATX | that day | -0.60% | final price |
| MATX | the next day | -2.02% | final price |
| MATX | three days earlier | +0.49% | final price |
| MATX | five days earlier | -0.28% | final price |
| TNK | that day | +1.93% | final price |
| TNK | the next day | +1.10% | final price |
| TNK | three days earlier | +1.71% | final price |
| TNK | five days earlier | -4.03% | final price |
| ZIM | that day | -1.45% | final price |
| ZIM | the next day | -4.62% | final price |
| ZIM | three days earlier | -0.44% | final price |
| ZIM | five days earlier | -2.06% | final price |
How solid the energy case looks
12 out of 100
“MSI sees downward warning signs in tanker and bulker asset prices” scores 12 out of 100. The score uses 1 sources.