Oil tanker captain detained at sea set for novel sanctions trial
Published . Updated .
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Ajay Pant, a 38-year-old Indian national, has taken advice from Kingsley Napley and at least three silks as he prepares to defend charges of breaching UK sanctions by allegedly shipping Russian oil through British waters.
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.
- USO United States Oil Fund
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- EWU iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“uk”).
- INDA iShares MSCI India ETF
iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).
- 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.
- 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| USO | +2.78% | +4.95% | base | +1.96% | after close | after close | after close |
| EWUPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| INDAPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| FRO | +10.52% | +3.52% | base | +4.18% | after close | after close | after close |
| DHT | +6.01% | -0.62% | base | +4.13% | after close | after close | after close |
| INSW | +1.26% | -0.13% | base | +3.08% | after close | after close | after close |
| TNK | +3.72% | +0.36% | base | +3.06% | after close | after close | after 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.
Oil tanker captain detained at sea set for novel sanctions trial Global Investigations Review
Source: Global Investigations Review
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | +4.90% | still updating |
| BWET | three days earlier | +29.19% | final price |
| BWET | five days earlier | +35.67% | final price |
| DHT | that day | +4.13% | still updating |
| DHT | three days earlier | -0.62% | final price |
| DHT | five days earlier | +6.01% | final price |
| FRO | that day | +4.18% | still updating |
| FRO | three days earlier | +3.52% | final price |
| FRO | five days earlier | +10.52% | final price |
| INSW | that day | +3.08% | still updating |
| INSW | three days earlier | -0.13% | final price |
| INSW | five days earlier | +1.26% | final price |
| TNK | that day | +3.06% | still updating |
| TNK | three days earlier | +0.36% | final price |
| TNK | five days earlier | +3.72% | final price |
| USO | that day | +1.96% | still updating |
| USO | three days earlier | +4.95% | final price |
| USO | five days earlier | +2.78% | final price |
How solid the energy case looks
25 out of 100Price not final
“Oil tanker captain detained at sea set for novel sanctions trial” scores 25 out of 100. The score uses 2 sources. The price is not final yet.