Geopolitics Alpha

New Orleans port aims to seize tanker with lawsuit after cruise ship collision

Published . Updated .

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New Orleans port aims to seize tanker with lawsuit after cruise ship collision

The tanker, the Atlantic Asphalt, collided with the American Heritage cruise ship on Friday, leading to what the lawsuit stated was over $1 million in damages to the dock, but no deaths.

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.

  • XLY Consumer Discretionary Select Sector SPDR+5.7% 30d

    Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “cruise” (travel) in this story.

  • FRO Frontline+0.8% 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-4.9% 30d

    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.

  • BKNG Booking Holdings+1.3% 30d

    Booking Holdings (transportation services): travel firms move with tourism demand. Linked by “cruise” (travel) in this story.

  • MAR Marriott International+2.0% 9d

    Marriott International (hotels and motels): travel firms move with tourism demand. Linked by “cruise” (travel) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BWET-5.09%-10.82%baseafter closeafter closeafter closeafter close
XLY+0.82%+0.83%baseafter closeafter closeafter closeafter close
FRO-5.72%-2.93%baseafter closeafter closeafter closeafter close
DHT-7.51%-3.06%baseafter closeafter closeafter closeafter close
INSW-8.19%-3.57%baseafter closeafter closeafter closeafter close
TNK-4.67%-0.26%baseafter closeafter closeafter closeafter close
BKNGPrices arriving within minutes———after closeafter closeafter closeafter close
MARPrices arriving within minutes———after closeafter closeafter closeafter 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.

New Orleans port aims to seize tanker with lawsuit after cruise ship collision The Jerusalem Post

Source: The Jerusalem Post

Energy

CompanyWhenMoveStatus
BWETthree days earlier-10.82%final price
BWETfive days earlier-5.09%final price
DHTthree days earlier-3.06%final price
DHTfive days earlier-7.51%final price
FROthree days earlier-2.93%final price
FROfive days earlier-5.72%final price
INSWthree days earlier-3.57%final price
INSWfive days earlier-8.19%final price
TNKthree days earlier-0.26%final price
TNKfive days earlier-4.67%final price
XLYthree days earlier+0.83%final price
XLYfive days earlier+0.82%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100

“New Orleans port aims to seize tanker with lawsuit after cruise ship collision” scores 12 out of 100. The score uses 1 sources.