Sanctioned tanker towed by Suez Canal tug after engine failure
Published . Updated .
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This report is about tanker shipping and container 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.
- ZIM ZIM Integrated Shipping Services-1.2% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “suez” (container shipping) in this story.
- MATX Matson-3.7% 7d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “suez” (container shipping) in this story.
- KEX Kirby-7.5% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “suez” (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 | +38.94% | +24.54% | base | after close | after close | after close | after close |
| FRO | +27.38% | +17.44% | base | after close | after close | after close | after close |
| DHT | +22.29% | +17.01% | base | after close | after close | after close | after close |
| INSW | +18.39% | +10.91% | base | after close | after close | after close | after close |
| TNK | +22.76% | +16.36% | base | after close | after close | after close | after close |
| ZIM | +3.37% | +6.77% | base | after close | after close | after close | after close |
| MATX | +4.82% | +3.93% | base | after close | after close | after close | after close |
| KEX | +20.63% | +18.14% | 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.
Sanctioned tanker towed by Suez Canal tug after engine failure TradeWinds News
Source: TradeWinds News
Suez Canal
| Company | When | Move | Status |
|---|---|---|---|
| BWET | three days earlier | +24.54% | final price |
| BWET | five days earlier | +38.94% | final price |
| DHT | three days earlier | +17.01% | final price |
| DHT | five days earlier | +22.29% | final price |
| FRO | three days earlier | +17.44% | final price |
| FRO | five days earlier | +27.38% | final price |
| INSW | three days earlier | +10.91% | final price |
| INSW | five days earlier | +18.39% | final price |
| KEX | three days earlier | +18.14% | final price |
| KEX | five days earlier | +20.63% | final price |
| MATX | three days earlier | +3.93% | final price |
| MATX | five days earlier | +4.82% | final price |
| TNK | three days earlier | +16.36% | final price |
| TNK | five days earlier | +22.76% | final price |
| ZIM | three days earlier | +6.77% | final price |
| ZIM | five days earlier | +3.37% | final price |
Suez Canal, seven days against thirty
Geopolitics Alpha has 5 stories about Suez Canal from the past 7 days and 8 stories from the past 30. That is faster than its usual pace over the past month. “Sanctioned tanker towed by Suez Canal tug after engine failure” is tagged to Suez Canal.
How solid the energy case looks
12 out of 100
“Sanctioned tanker towed by Suez Canal tug after engine failure” scores 12 out of 100. The score uses 1 sources.