Seoul’s bold bet on Arctic shipping
Published . Updated .
Shipping through the Northern Sea Route remains practically and politically costly, but South Korea is determined not to miss out on the Arctic race.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+38.2% 18d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- EWY iShares MSCI South Korea ETF-10.4% 30d
iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“seoul”).
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- KEX Kirby-1.1% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “shipping” (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 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| IYTNo price data for this ticker | — | — | — | — | — | — | — |
| EWYNo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | -2.06% | -0.44% | base | after close | after close | after close | after close |
| MATX | -0.28% | +0.49% | base | after close | after close | after close | after close |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| DAC | -0.63% | -0.48% | 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.
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Seoul’s bold bet on Arctic shipping East Asia Forum
Source: East Asia Forum
Arctic
| Company | When | Move | Status |
|---|---|---|---|
| DAC | three days earlier | -0.48% | final price |
| DAC | five days earlier | -0.63% | final price |
| MATX | three days earlier | +0.49% | final price |
| MATX | five days earlier | -0.28% | final price |
| ZIM | three days earlier | -0.44% | final price |
| ZIM | five days earlier | -2.06% | final price |
Arctic, seven days against thirty
Geopolitics Alpha has 9 stories about Arctic from the past 7 days and 42 stories from the past 30. That is about its usual pace over the past month. “Seoul’s bold bet on Arctic shipping” is tagged to Arctic.
How solid “Seoul’s bold bet on Arctic shipping” looks
12 out of 100
“Seoul’s bold bet on Arctic shipping” scores 12 out of 100. The score uses 1 sources.