Investment
Features
FeesSafety
Academy
More
Pluang+

Oil tanker shipping ETF surges 3,600% YTD amid geopolitical disruptions raising freight costs.

Market News
13 Sep 2026
CNBC
View Source
Bullish
Oil tanker shipping ETF surges 3,600% YTD amid geopolitical disruptions raising freight costs.

The Breakwave Tanker Shipping ETF (BWET) has soared over 3,600% year-to-date as geopolitical tensions, especially the U.S.-Iran conflict and Houthi control of key Red Sea ports, disrupt oil shipping routes and spike freight costs. This ETF uniquely tracks the cost of transporting crude oil, not oil prices themselves, making it a direct play on shipping rates that have surged nearly 500% year-over-year. Supply chain disruptions, rerouted trade routes, and vessel shortages are expected to keep shipping rates elevated for the near future, though the fund carries risks of sharp reversals if geopolitical tensions ease. Longer-term relief may come from new vessels entering the market in 18-36 months, but ongoing conflicts and trade issues suggest volatility will persist.

More News

CIQ launches Fuzzball 4.3 for easy AI model deployment on existing GPU infrastructure

CIQ launches Fuzzball 4.3 for easy AI model deployment on existing GPU infrastructure

CIQ has released Fuzzball 4.3, a platform that enables enterprises to deploy validated open-weight AI models and agents on their existing GPU infrastructure with a single command. This update simplifies operationalizing AI by automatically connecting...

Market News
Bullish
28 minutes ago
Societe Generale reports 739 million shares and 821 million voting rights as of Sept 30, 2026.

Societe Generale reports 739 million shares and 821 million voting rights as of Sept 30, 2026.

As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....

Company Fundamentals
Neutral
28 minutes ago
Weyerhaeuser shares hit 52-week low amid mixed analyst price targets and dividend concerns.

Weyerhaeuser shares hit 52-week low amid mixed analyst price targets and dividend concerns.

Weyerhaeuser's stock recently dropped to a new 52-week low of $18.31, trading around $18.51, reflecting market pressure. Analysts have mixed views: Seaport Global lowered its price target to $30, Raymond James upgraded to "strong buy" with the same t...

Analyst Insights
Bearish
1 hour ago
Canadian Utilities to merge with Emera, RBC Capital keeps 'Sector Perform' rating

Canadian Utilities to merge with Emera, RBC Capital keeps 'Sector Perform' rating

Canadian Utilities and Emera have agreed to merge as equals, creating a larger utility and energy infrastructure company. RBC Capital maintains a 'Sector Perform' rating on Canadian Utilities, indicating expected performance in line with the sector. ...

Market News
Neutral
1 hour ago
Domino's Pizza Q3 earnings expected to rise slightly with focus on promo impact

Domino's Pizza Q3 earnings expected to rise slightly with focus on promo impact

Domino's Pizza is set to report its Q3 earnings on October 13, 2026, with analysts forecasting earnings per share between $4.33 and $4.36 and revenue around $1.17 billion, a 1.6% increase year-over-year. Investors will watch closely how promotional d...

Company Fundamentals
Neutral
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App