Port of New Orleans sues tanker owner hours after riverboat crash
Published . Updated .
Covered by 3 outlets: FOX 5 DC, FOX 26 Houston, LiveNOW from FOX.
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The Port of New Orleans wasted no time in filing a lawsuit against the owners of an asphalt tanker the same day it slammed into a river cruise boat on the Mississippi.
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.
- XLY Consumer Discretionary Select Sector SPDR
Consumer Discretionary Select Sector SPDR: it holds travel and leisure firms. Linked by “cruise” (travel) in this story.
- 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.
- ZIM ZIM Integrated Shipping Services
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “port” (container shipping) in this story.
- MATX Matson
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “port” (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 | -5.09% | -10.82% | base | after close | after close | after close | after close |
| XLYPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| FRO | -5.72% | -2.93% | base | after close | after close | after close | after close |
| DHT | -7.51% | -3.06% | base | after close | after close | after close | after close |
| INSW | -8.19% | -3.57% | base | after close | after close | after close | after close |
| TNK | -4.67% | -0.26% | base | after close | after close | after close | after close |
| ZIM | -2.63% | -0.94% | base | after close | after close | after close | after close |
| MATX | -0.37% | +1.59% | base | after close | 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.
Port of New Orleans sues tanker owner hours after riverboat crash FOX 5 DC
Source: FOX 5 DC
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | three days earlier | -10.82% | final price |
| BWET | five days earlier | -5.09% | final price |
| DHT | three days earlier | -3.06% | final price |
| DHT | five days earlier | -7.51% | final price |
| FRO | three days earlier | -2.93% | final price |
| FRO | five days earlier | -5.72% | final price |
| INSW | three days earlier | -3.57% | final price |
| INSW | five days earlier | -8.19% | final price |
| MATX | three days earlier | +1.59% | final price |
| MATX | five days earlier | -0.37% | final price |
| TNK | three days earlier | -0.26% | final price |
| TNK | five days earlier | -4.67% | final price |
| ZIM | three days earlier | -0.94% | final price |
| ZIM | five days earlier | -2.63% | final price |
How solid the energy case looks
38 out of 100
“Port of New Orleans sues tanker owner hours after riverboat crash” scores 38 out of 100. The score uses 3 sources.