Geopolitics Alpha

Tanker crashes and catches fire on I-405 Wednesday night

Published . Updated .

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ENERGYTanker crashes and catches fire onI-405 Wednesday nightGEOPOLITICS ALPHA

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

TickerT-5T-3T-1T0T+1T+2T+3
BWET+32.30%+28.62%baseafter closeafter closeafter closeafter close
FRO+16.66%+7.37%base-1.91%after closeafter closeafter close
DHT+13.74%+8.20%base-1.22%after closeafter closeafter close
INSW+14.12%+6.11%base-1.31%after closeafter closeafter close
TNK+14.26%+7.57%base-0.05%after closeafter closeafter 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.

Tanker crashes and catches fire on I-405 Wednesday night KIRO 7 News Seattle

Source: KIRO 7 News Seattle

Energy

CompanyWhenMoveStatus
BWETthree days earlier+28.62%final price
BWETfive days earlier+32.30%final price
DHTthat day-1.22%still updating
DHTthree days earlier+8.20%final price
DHTfive days earlier+13.74%final price
FROthat day-1.91%still updating
FROthree days earlier+7.37%final price
FROfive days earlier+16.66%final price
INSWthat day-1.31%still updating
INSWthree days earlier+6.11%final price
INSWfive days earlier+14.12%final price
TNKthat day-0.05%still updating
TNKthree days earlier+7.57%final price
TNKfive days earlier+14.26%final price

How solid “Tanker crashes and catches fire on I-405 Wednesday night” looks

12 out of 100Price not final

“Tanker crashes and catches fire on I-405 Wednesday night” scores 12 out of 100. The score uses 1 sources. The price is not final yet.