US-listed shipping firms jump on Middle East conflict

Hoegh Autoliners ASA

02/03/2026 13:16

** Shares of U.S.-listed shipping firms jump premarket as Iran conflict widens in the Middle East

    ** Shipping traffic in the Gulf shut after a weekend of bombing that killed Iran's supreme leader, dragging the region into war

    ** Geopolitical tensions raise the risk of oil supply disruptions, prompting shippers to reroute shipments, potentially driving up freight rates due to longer routes

** Oil tankers surge premarket: Nordic American Tankers NAT.N 12%, Frontline FRO.N 7%, Teekay Tankers TNK.N 7%, International Seaways INSW.N 4%, DHT DHT.N 10%

** Pyxis Tankers PXS.O up 12%, Navios Maritime NMM.N up 3% on thin volume

** European shippers Maersk MAERSKb.CO and Hapag-Lloyd HLAG.DE leaping on Mon

** Breakwave Tanker Shipping ETF BWET.P up 25% before the bell

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))