Tanker hit off Saudi and offshore tug struck in Hormuz
Published . Updated .
This report is about tanker shipping and Saudi Arabia. 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.
- KSA iShares MSCI Saudi Arabia ETF-7.6% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- FRO Frontline+14.2% 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+1.7% 11d
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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -2.94% | -2.39% | base | after close | after close | after close | after close |
| DHT | -1.70% | -2.24% | base | after close | after close | after close | after close |
| INSW | +1.66% | -0.13% | base | after close | after close | after close | after close |
| TNK | +0.20% | -1.49% | 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.
Market Call
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Tanker hit off Saudi and offshore tug struck in Hormuz Seatrade Maritime News
Source: Seatrade Maritime News
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | three days earlier | -2.24% | final price |
| DHT | five days earlier | -1.70% | final price |
| FRO | three days earlier | -2.39% | final price |
| FRO | five days earlier | -2.94% | final price |
| INSW | three days earlier | -0.13% | final price |
| INSW | five days earlier | +1.66% | final price |
| TNK | three days earlier | -1.49% | final price |
| TNK | five days earlier | +0.20% | final price |
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 172 stories about Strait of Hormuz from the past 7 days and 460 stories from the past 30. That is faster than its usual pace over the past month. “Tanker hit off Saudi and offshore tug struck in Hormuz” is tagged to Strait of Hormuz.
How solid “Tanker hit off Saudi and offshore tug struck in Hormuz” looks
12 out of 100
“Tanker hit off Saudi and offshore tug struck in Hormuz” scores 12 out of 100. The score uses 1 sources.