Shipping Costs From China Surge Fivefold as 4,000 Trucks Remain Stalled at Iranian Borders
Published . Updated .
The cost of shipping a container from China to Iran has surged from approximately $2,700–$2,800 to $13,600. Simultaneously, over 4,000 t ...
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 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.
- FXI iShares China Large-Cap ETF-5.0% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- 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.
- 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.
- KEX Kirby+3.8% 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.
- UPS United Parcel Service+5.7% 17d
United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “shipping costs” (transport and logistics) 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 | — | — | — | — | — | — | — |
| FXINo price data for this ticker | — | — | — | — | — | — | — |
| MATX | -0.28% | +0.49% | base | -0.60% | -2.02% | after close | after close |
| ZIM | -2.06% | -0.44% | base | -1.45% | -4.62% | after close | after close |
| KEXNo price data for this ticker | — | — | — | — | — | — | — |
| DACNo price data for this ticker | — | — | — | — | — | — | — |
| UPSNo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
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Shipping Costs From China Surge Fivefold as 4,000 Trucks Remain Stalled at Iranian Borders IranWire
Source: IranWire
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| MATX | that day | -0.60% | final price |
| MATX | the next day | -2.02% | final price |
| MATX | three days earlier | +0.49% | final price |
| MATX | five days earlier | -0.28% | final price |
| ZIM | that day | -1.45% | final price |
| ZIM | the next day | -4.62% | final price |
| ZIM | three days earlier | -0.44% | final price |
| ZIM | five days earlier | -2.06% | final price |
How solid the shipping case looks
12 out of 100
“Shipping Costs From China Surge Fivefold as 4,000 Trucks Remain Stalled at Iranian Borders” scores 12 out of 100. The score uses 1 sources.