Shipping company shares sink on possible slowing of Red Sea hostilities

seekingalpha06-11

Shipping company shares are under heavy selling pressure Tuesday as investors weighted news of a possible ceasefire between Israel and Hamas, which could result in merchant vessels returning to the ...

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DQuek
07-17
DQuek
This war seems like no chance to end by 2024. Will b prolong till hopefully after US presidential election!

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Shares in A.P. Moller-Maersk   and Hapag-Lloyd  , which had raised guidance along with Q1 earnings as the Red Sea conflict pushed prices up, both fell more than 6% in European afternoon trading. In early U.S. trading, ZIM Integrated Shipping  -13.6%, Frontline  -5.1%, Scorpio Tankers  -4.4%, Torm  -4.4%, Safe Bulkers  -4%, Teekay Tankers  -3.8%, Danaos  -3.8%, Tsakos Energy Navigation  -3.5%, Star Bulk Carriers  -3.2%, Euronav  -3%, Costamare  -2.9%, International Seaways  -2.8%, Nordic American Tankers  -2.5%, Teekay Corp.  -2.3%. A ceasefire agreement likely would lead to a reduction or complete stop of Houthi attacks on ships in the Red Sea, which could see container ships return to the key shipping lane, meaning that 4% of global fleet capacity will co","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","HLAGF":"Hapag-Lloyd Aktien","AMKBF":"A.P. 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Moller-Maersk (OTCPK:AMKBY) (OTCPK:AMKBF) and Hapag-Lloyd (OTCPK:HLAGF) (OTCPK:HPGLY), which had raised guidance along with Q1 earnings as the Red Sea conflict pushed prices up, both fell more than 6% in European afternoon trading. In early U.S. trading, ZIM Integrated Shipping (ZIM) -13.6%, Frontline (FRO) -5.1%, Scorpio Tankers (STNG) -4.4%, Torm (TRMD) -4.4%, Safe Bulkers (SB) -4%, Teekay Tankers (TNK) -3.8%, Danaos (DAC) -3.8%, Tsakos Energy Navigation (TNP) -3.5%, Star Bulk Carriers (SBLK) -3.2%, Euronav (EURN) -3%, Costamare (CMRE) -2.9%, International Seaways (INSW) -2.8%, Nordic American Tankers (NAT) -2.5%, Teekay Corp. (TK) -2.3%. A ceasefire agreement likely would lead to a reduction or complete stop of Houthi attacks on ships in the Red Sea, which could see container ships return to the key shipping lane, meaning that 4% of global fleet capacity will come to market in 3-4 weeks, Kepler Cheuvreux chief analyst Axel Styrman said, according to Dow Jones.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":328296206409936,"gmtCreate":1721180504203,"gmtModify":1721180740814,"author":{"id":"3579899712012688","authorId":"3579899712012688","name":"DQuek","avatar":"https://static.tigerbbs.com/0041a6750d53c4d39f0f9251bea439d3","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3579899712012688","authorIdStr":"3579899712012688"},"htmlText":"This war seems like no chance to end by 2024. Will b prolong till hopefully after US presidential election!","listText":"This war seems like no chance to end by 2024. Will b prolong till hopefully after US presidential election!","text":"This war seems like no chance to end by 2024. Will b prolong till hopefully after US presidential election!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328296206409936","repostId":2442313639,"repostType":2,"repost":{"id":"2442313639","pubTimestamp":1718114151,"share":"https://ttm.financial/m/news/2442313639?lang=&edition=fundamental","pubTime":"2024-06-11 21:55","market":"us","language":"en","title":"Shipping company shares sink on possible slowing of Red Sea hostilities","url":"https://stock-news.laohu8.com/highlight/detail?id=2442313639","media":"seekingalpha","summary":"Shipping company shares are under heavy selling pressure Tuesday as investors weighted news of a possible ceasefire between Israel and Hamas, which could result in merchant vessels returning to the Red Sea and lowering freight rates. Shares in A.P. Moller-Maersk   and Hapag-Lloyd  , which had raised guidance along with Q1 earnings as the Red Sea conflict pushed prices up, both fell more than 6% in European afternoon trading. In early U.S. trading, ZIM Integrated Shipping  -13.6%, Frontline  -5.1%, Scorpio Tankers  -4.4%, Torm  -4.4%, Safe Bulkers  -4%, Teekay Tankers  -3.8%, Danaos  -3.8%, Tsakos Energy Navigation  -3.5%, Star Bulk Carriers  -3.2%, Euronav  -3%, Costamare  -2.9%, International Seaways  -2.8%, Nordic American Tankers  -2.5%, Teekay Corp.  -2.3%. A ceasefire agreement likely would lead to a reduction or complete stop of Houthi attacks on ships in the Red Sea, which could see container ships return to the key shipping lane, meaning that 4% of global fleet capacity will co","content":"<html><body><p>Shipping company shares are under heavy selling pressure Tuesday as investors weighted news of a possible ceasefire between Israel and Hamas, which could result in merchant vessels returning to the Red Sea and lowering freight rates.</p> <p>Shares in A.P. Moller-Maersk (OTCPK:AMKBY<span>) (</span>OTCPK:AMKBF<span>) and Hapag-Lloyd (</span>OTCPK:HLAGF<span>) (</span>OTCPK:HPGLY<span>), which had raised guidance along with Q1 earnings as the Red Sea conflict pushed prices up, both fell more than 6% in European afternoon trading.</span></p> <p>In early U.S. trading, ZIM Integrated Shipping (ZIM) <span>-13.6%</span>, Frontline (FRO) <span>-5.1%</span>, <a href=\"https://laohu8.com/S/STNG\">Scorpio Tankers</a> (STNG) <span>-4.4%</span>, Torm (TRMD) <span>-4.4%</span>, <a href=\"https://laohu8.com/S/SB\">Safe Bulkers</a> (SB) <span>-4%</span>, <a href=\"https://laohu8.com/S/TNK\">Teekay Tankers</a> (TNK) <span>-3.8%</span>, Danaos (DAC) <span>-3.8%</span>, Tsakos Energy Navigation (TNP) <span>-3.5%</span>, Star Bulk Carriers (SBLK) <span>-3.2%</span>, Euronav (EURN) <span>-3%</span>, <a href=\"https://laohu8.com/S/CMRE\">Costamare</a> (CMRE) <span>-2.9%</span>, International Seaways (INSW) <span>-2.8%</span>, Nordic American Tankers (NAT) <span>-2.5%</span>, <a href=\"https://laohu8.com/S/TK\">Teekay</a> Corp. (TK) <span>-2.3%</span>.</p> <p>A ceasefire agreement likely would lead to a reduction or complete stop of Houthi attacks on ships in the Red Sea, which could see container ships return to the key shipping lane, meaning that 4% of global fleet capacity will come to market in 3-4 weeks, Kepler Cheuvreux chief analyst Axel Styrman said, according to Dow Jones.</p> </body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shipping company shares sink on possible slowing of Red Sea hostilities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShipping company shares sink on possible slowing of Red Sea hostilities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-11 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4114859-shipping-company-shares-sink-on-possible-slowing-of-red-sea-hostilities><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shipping company shares are under heavy selling pressure Tuesday as investors weighted news of a possible ceasefire between Israel and Hamas, which could result in merchant vessels returning to the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4114859-shipping-company-shares-sink-on-possible-slowing-of-red-sea-hostilities\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1139205989/image_1139205989.jpg","relate_stocks":{"BK4585":"ETF&股票定投概念","HLAGF":"Hapag-Lloyd Aktien","AMKBF":"A.P. 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Moller-Maersk (OTCPK:AMKBY) (OTCPK:AMKBF) and Hapag-Lloyd (OTCPK:HLAGF) (OTCPK:HPGLY), which had raised guidance along with Q1 earnings as the Red Sea conflict pushed prices up, both fell more than 6% in European afternoon trading. In early U.S. trading, ZIM Integrated Shipping (ZIM) -13.6%, Frontline (FRO) -5.1%, Scorpio Tankers (STNG) -4.4%, Torm (TRMD) -4.4%, Safe Bulkers (SB) -4%, Teekay Tankers (TNK) -3.8%, Danaos (DAC) -3.8%, Tsakos Energy Navigation (TNP) -3.5%, Star Bulk Carriers (SBLK) -3.2%, Euronav (EURN) -3%, Costamare (CMRE) -2.9%, International Seaways (INSW) -2.8%, Nordic American Tankers (NAT) -2.5%, Teekay Corp. (TK) -2.3%. A ceasefire agreement likely would lead to a reduction or complete stop of Houthi attacks on ships in the Red Sea, which could see container ships return to the key shipping lane, meaning that 4% of global fleet capacity will come to market in 3-4 weeks, Kepler Cheuvreux chief analyst Axel Styrman said, according to Dow Jones.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442313639"}