Russian Owner of Notorious Tanker Challenge US Sale as It Reaches Scrappers
Published . Updated .
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This report is about tanker shipping. Names like FRO and DHT typically gain because 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.
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+1.0% 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-9.6% 14d
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 | +32.30% | +28.62% | base | -4.78% | after close | after close | after close |
| FRO | +16.66% | +7.37% | base | -6.75% | after close | after close | after close |
| DHT | +13.74% | +8.20% | base | -5.69% | after close | after close | after close |
| INSW | +14.12% | +6.11% | base | -3.90% | after close | after close | after close |
| TNK | +14.26% | +7.57% | base | -6.61% | 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.
Russian Owner of Notorious Tanker Challenge US Sale as It Reaches Scrappers The Maritime Executive
Source: The Maritime Executive
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -4.78% | final price |
| BWET | three days earlier | +28.62% | final price |
| BWET | five days earlier | +32.30% | final price |
| DHT | that day | -5.69% | final price |
| DHT | three days earlier | +8.20% | final price |
| DHT | five days earlier | +13.74% | final price |
| FRO | that day | -6.75% | final price |
| FRO | three days earlier | +7.37% | final price |
| FRO | five days earlier | +16.66% | final price |
| INSW | that day | -3.90% | final price |
| INSW | three days earlier | +6.11% | final price |
| INSW | five days earlier | +14.12% | final price |
| TNK | that day | -6.61% | final price |
| TNK | three days earlier | +7.57% | final price |
| TNK | five days earlier | +14.26% | final price |
How solid the energy case looks
12 out of 100
“Russian Owner of Notorious Tanker Challenge US Sale as It Reaches Scrappers” scores 12 out of 100. The score uses 1 sources.