Singapore LSFO Arrivals From Europe Seen Lower in November as Freight Costs Keep Arbitrage Shut
Published . Updated .
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This report is about container shipping and Europe.
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 “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).
- EWS iShares MSCI Singapore ETF
iShares MSCI Singapore ETF holds stocks listed in Singapore, which this story is about (“singapore”).
- 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 “freight” (container shipping) in this story.
- MATX Matson-5.4% 7d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (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 “freight” (container shipping) in this story.
- GSL Global Ship Lease-7.2% 30d
Global Ship Lease (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (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 | -4.39% | -3.93% | base | -2.78% | -10.37% | after close | after close |
| IYT | -1.16% | -1.02% | base | +1.76% | +1.22% | after close | after close |
| VGK | -1.12% | -0.25% | base | +0.59% | +0.05% | after close | after close |
| EWS | +1.04% | +0.82% | base | -1.13% | -1.31% | after close | after close |
| ZIM | +4.03% | +4.49% | base | -0.14% | +3.29% | after close | after close |
| MATX | +2.55% | +2.06% | base | -1.12% | -0.85% | after close | after close |
| DAC | +0.47% | +0.95% | base | -1.95% | -2.69% | after close | after close |
| GSL | +0.62% | +1.05% | base | -3.58% | -3.40% | 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.
Singapore LSFO Arrivals From Europe Seen Lower in November as Freight Costs Keep Arbitrage Shut IndexBox
Source: IndexBox
Shipping
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -2.78% | final price |
| BWET | the next day | -10.37% | final price |
| BWET | three days earlier | -3.93% | final price |
| BWET | five days earlier | -4.39% | final price |
| DAC | that day | -1.95% | final price |
| DAC | the next day | -2.69% | final price |
| DAC | three days earlier | +0.95% | final price |
| DAC | five days earlier | +0.47% | final price |
| EWS | that day | -1.13% | final price |
| EWS | the next day | -1.31% | final price |
| EWS | three days earlier | +0.82% | final price |
| EWS | five days earlier | +1.04% | final price |
| GSL | that day | -3.58% | final price |
| GSL | the next day | -3.40% | final price |
| GSL | three days earlier | +1.05% | final price |
| GSL | five days earlier | +0.62% | final price |
| IYT | that day | +1.76% | final price |
| IYT | the next day | +1.22% | final price |
| IYT | three days earlier | -1.02% | final price |
| IYT | five days earlier | -1.16% | final price |
| MATX | that day | -1.12% | final price |
| MATX | the next day | -0.85% | final price |
| MATX | three days earlier | +2.06% | final price |
| MATX | five days earlier | +2.55% | final price |
| VGK | that day | +0.59% | final price |
| VGK | the next day | +0.05% | final price |
| VGK | three days earlier | -0.25% | final price |
| VGK | five days earlier | -1.12% | final price |
| ZIM | that day | -0.14% | final price |
| ZIM | the next day | +3.29% | final price |
| ZIM | three days earlier | +4.49% | final price |
| ZIM | five days earlier | +4.03% | final price |
How solid the shipping case looks
12 out of 100
“Singapore LSFO Arrivals From Europe Seen Lower in November as Freight Costs Keep Arbitrage Shut” scores 12 out of 100. The score uses 1 sources.