The Purple People Eater – Tight Tanker Supply Sends Shipping Costs to Frightening Heights
Published . Updated .
This report is about tanker shipping and transport and logistics. 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+38.2% 18d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “shipping costs” (transport and logistics) in this story.
- FRO Frontline+0.2% 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+1.3% 8d
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.
- 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.
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 | — | — | — | — | — | — | — |
| FRO | -7.71% | -0.56% | base | after close | after close | after close | after close |
| DHT | -1.31% | +0.55% | base | after close | after close | after close | after close |
| INSW | -2.92% | +1.80% | base | after close | after close | after close | after close |
| TNK | -4.03% | +1.71% | base | after close | after close | after close | after close |
| 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 |
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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The Purple People Eater – Tight Tanker Supply Sends Shipping Costs to Frightening Heights RBN Energy
Source: RBN Energy
Energy
| Company | When | Move | Status |
|---|---|---|---|
| DHT | three days earlier | +0.55% | final price |
| DHT | five days earlier | -1.31% | final price |
| FRO | three days earlier | -0.56% | final price |
| FRO | five days earlier | -7.71% | final price |
| INSW | three days earlier | +1.80% | final price |
| INSW | five days earlier | -2.92% | final price |
| MATX | three days earlier | +0.49% | final price |
| MATX | five days earlier | -0.28% | final price |
| TNK | three days earlier | +1.71% | final price |
| TNK | five days earlier | -4.03% | final price |
| ZIM | three days earlier | -0.44% | final price |
| ZIM | five days earlier | -2.06% | final price |
How solid the energy case looks
12 out of 100
“The Purple People Eater – Tight Tanker Supply Sends Shipping Costs to Frightening Heights” scores 12 out of 100. The score uses 1 sources.