The workforce numbers that leave Indian seafarers exposed as attacks spread from Strait of Hormuz to Red Sea
Published . Updated .
Houthis said they are rescuing 14 Indian sailors from a yacht attacked off Yemen. The Indian Mission in Yemen said it was ascertaining what had happened. | HT Explainers
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 “red sea” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “red sea” (container shipping) in this story.
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “hormuz” (oil) in this story.
- INDA iShares MSCI India ETF-5.0% 30d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).
- 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 “red sea” (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 “red sea” (container shipping) in this story.
- FRO Frontline+10.0% 30d
Tanker operators earn more when freight rates spike. Linked by “hormuz” in this story
- INSW International Seaways+3.4% 10d
Tanker operators earn more when freight rates spike. Linked by “hormuz” 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 | — | — | — | — | — | — | — |
| USO | -0.46% | -1.11% | base | +4.31% | +2.68% | +0.50% | +2.58% |
| INDANo price data for this ticker | — | — | — | — | — | — | — |
| ZIM | +0.53% | +0.29% | base | +0.76% | +1.34% | +2.31% | +2.10% |
| MATX | +3.16% | +4.40% | base | +0.44% | +0.73% | +2.01% | +0.29% |
| FRO | +2.38% | -1.82% | base | +3.26% | +7.75% | +4.99% | +9.23% |
| INSW | +1.36% | -3.49% | base | +2.13% | +4.86% | +2.68% | +3.39% |
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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Source: hindustantimes.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| FRO | that day | +3.26% | final price |
| FRO | the next day | +7.75% | final price |
| FRO | two days later | +4.99% | final price |
| FRO | three days later | +9.23% | final price |
| FRO | three days earlier | -1.82% | final price |
| FRO | five days earlier | +2.38% | final price |
| INSW | that day | +2.13% | final price |
| INSW | the next day | +4.86% | final price |
| INSW | two days later | +2.68% | final price |
| INSW | three days later | +3.39% | final price |
| INSW | three days earlier | -3.49% | final price |
| INSW | five days earlier | +1.36% | final price |
| MATX | that day | +0.44% | final price |
| MATX | the next day | +0.73% | final price |
| MATX | two days later | +2.01% | final price |
| MATX | three days later | +0.29% | final price |
| MATX | three days earlier | +4.40% | final price |
| MATX | five days earlier | +3.16% | final price |
| USO | that day | +4.31% | final price |
| USO | the next day | +2.68% | final price |
| USO | two days later | +0.50% | final price |
| USO | three days later | +2.58% | final price |
| USO | three days earlier | -1.11% | final price |
| USO | five days earlier | -0.46% | final price |
| ZIM | that day | +0.76% | final price |
| ZIM | the next day | +1.34% | final price |
| ZIM | two days later | +2.31% | final price |
| ZIM | three days later | +2.10% | final price |
| ZIM | three days earlier | +0.29% | final price |
| ZIM | five days earlier | +0.53% | final price |
How busy Strait of Hormuz has been lately
Geopolitics Alpha has 145 stories about Strait of Hormuz from the past 7 days and 403 stories from the past 30. That is faster than its usual pace over the past month. “The workforce numbers that leave Indian seafarers exposed as attacks spread from Strait of Hormuz to Red Sea” is tagged to Strait of Hormuz.
How solid the shipping case looks
12 out of 100
“The workforce numbers that leave Indian seafarers exposed as attacks spread from Strait of Hormuz to Red Sea” scores 12 out of 100. The score uses 1 sources.