UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about tanker shipping and container 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+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.
- 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.
- 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.
- MATX Matson-6.5% 8d
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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | -1.54% | +2.86% | base | after close | after close | after close | after close |
| FRO | +3.34% | +8.65% | base | after close | after close | after close | after close |
| DHT | +1.11% | +5.11% | base | after close | after close | after close | after close |
| ZIM | +4.85% | +3.12% | base | after close | after close | after close | after close |
| INSW | +5.42% | +7.55% | base | after close | after close | after close | after close |
| TNK | +3.04% | +6.23% | base | after close | after close | after close | after close |
| MATX | +4.99% | +2.59% | base | after close | after close | after close | after close |
| DAC | +2.07% | +3.14% | 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.
UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions safety4sea
Source: safety4sea
How Amplify Commodity Trust (BWET) moved after the last 10 energy shocks
Amplify Commodity Trust (BWET) the next day, across 10 earlier stories: average +0.12%, largest gain +0.12%, largest drop +0.12%, from 10 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Amplify Commodity Trust (BWET) | the next day | +0.12% | +0.12% | +0.12% | 10 |
| Amplify Commodity Trust (BWET) | three days later | +4.59% | +4.59% | +4.59% | 10 |
| Frontline (FRO) | the next day | +1.89% | +3.90% | +1.67% | 10 |
| Frontline (FRO) | three days later | +6.89% | +6.89% | +6.89% | 9 |
| DHT Holdings (DHT) | the next day | -1.67% | -0.77% | -1.77% | 10 |
| DHT Holdings (DHT) | three days later | +2.18% | +2.18% | +2.18% | 9 |
| International Seaways (INSW) | the next day | +0.64% | +1.55% | +0.54% | 10 |
| International Seaways (INSW) | three days later | +2.56% | +2.56% | +2.56% | 9 |
- 🇺🇸🇮🇷 The next Iran war could send oil to $150 The world survived the first energy shock by burning through inventories while China slashed imports. That cushion is largely gone. El-Erian warns that another disruption to Hormuz and the Red Sea could push
- LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening
- US says helped Gulf nations export 1.5 bn barrels of oil through Hormuz
- Shafaq News..US: Hormuz oil exports exceed 1.5B barrels
- CENTCOM says helped Gulf nations export 1.5 billion barrels of oil via Hormuz
- Adnoc Gas Exploring New LNG Export Plant to Avoid Hormuz
The price since 3 Nov 2026: Amplify Commodity Trust (BWET) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Danaos (DAC) | three days earlier | +3.14% | final price |
| Danaos (DAC) | five days earlier | +2.07% | final price |
| DHT Holdings (DHT) | three days earlier | +5.11% | final price |
| DHT Holdings (DHT) | five days earlier | +1.11% | final price |
| Frontline (FRO) | three days earlier | +8.65% | final price |
| Frontline (FRO) | five days earlier | +3.34% | final price |
| International Seaways (INSW) | three days earlier | +7.55% | final price |
| International Seaways (INSW) | five days earlier | +5.42% | final price |
| Matson (MATX) | three days earlier | +2.59% | final price |
| Matson (MATX) | five days earlier | +4.99% | final price |
| Teekay Tankers (TNK) | three days earlier | +6.23% | final price |
| Teekay Tankers (TNK) | five days earlier | +3.04% | final price |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +3.12% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +4.85% | final price |
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 185 stories about Strait of Hormuz from the past 7 days and 487 stories from the past 30. That is faster than its usual pace over the past month. “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions” is tagged to Strait of Hormuz.
Who gains and who pays if Strait of Hormuz stays in the story
Companies that tend to gain
- FRO Frontline
For “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” Frontline (FRO) tends to benefit, medium confidence. Reason on file: 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
In “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: 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
International Seaways (INSW) tends to benefit, medium confidence in the 3 Nov 2026 story “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions.” Reason on file: 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
For “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” Teekay Tankers (TNK) tends to benefit, medium confidence. Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
No up or down call on file
- BWET Amplify Commodity Trust
For “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
- ZIM ZIM Integrated Shipping Services
ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions.” Reason on file: 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
In “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- DAC Danaos
In “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions,” Danaos (DAC) is linked, with no stored direction, medium confidence. Reason on file: 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
How a Strait of Hormuz shock reaches Amplify Commodity Trust (BWET)
On 3 Nov 2026, “UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions” is the story that connects Amplify Commodity Trust (BWET) to Strait of Hormuz.
Amplify Commodity Trust (BWET) is on the page because Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
Frontline (FRO) is here too. Its reason reads: 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
What this energy story puts on the calendar
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. FRO traded between 49.05 and 59.74 across 20 sessions. The latest close on file is 56.89.
A simple score for Amplify Commodity Trust (BWET)
46 out of 100
“UNCTAD: Tanker freight rates and bunker costs surge amid Hormuz disruptions” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.