The Breakwave Tanker Shipping ETF is an extremely concentrated bet on specific forward freight agreements, not a direct tanker shipping investment. BWET's 3,440% YTD surge is driven by niche exposure
The Breakwave Tanker Shipping ETF (BWET) is up over 3,600% year to date, according to Morningstar, by far the best performance of any non-levered U.S. fund as the price of transporting oil has soared
Shares of shipping companies have surged to their highest levels in a decade or more, as a prolonged crisis in the Strait of Hormuz squeezes the global supply of vessels. The rally is being driven by