Shipping ETFs Surge on Red Sea Attacks

Breakwave Advisors’ Kartsonas breaks down everything you need to know about the turmoil along a key shipping route.

TalkETFs2x
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Reviewed by: etf.com Staff
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Edited by: Kent Thune

The Red Sea is in crisis after terrorist attacks on shipping vessels caused a massive rejiggering of trade routes. Shipping prices exploded to the upside, fueling gains for shipping-related exchange-traded funds. 

Is this a short-term move or does this rally have legs? In this episode of Talk ETFs, John Kartsonas, managing partner of Breakwave Advisors, sits down with etf.com senior analyst Sumit Roy to discuss the outlook for the shipping industry. 

Kartsonas dives into the best-case and worst-case scenarios for the shipping industry and what it means for the Breakwave Dry Bulk Shipping ETF (BDRY) and the Breakwave Tanker Shipping ETF (BWET)—two of the most volatile ETFs on the market today. 

Kartsonas is the founder and managing partner of Breakwave Advisors. He was a senior portfolio manager at Carlyle Commodity Management from 2011 to 2017, a commodity-focused investment firm based in New York and part of the Carlyle Group. He was responsible for the firm’s shipping and freight investments. During his tenure, he managed one of the largest freight futures funds globally. 

Prior to his role, Kartsonas was a co-founder and portfolio manager of the Sea Advisors Fund, an investment fund focused on shipping. From 2004 to 2009, he was the leading transportation analyst at Citi Investment Research covering the broader transportation space including shipping. Prior to that, Kartsonas was an equity analyst focusing on shipping and energy for Standard & Poor’s Investment Research. 

Talk ETFs is a weekly video series hosted by etf.com’s Senior Analyst Sumit Roy. Episodes highlight up-to-the-minute investing trends and strategies with commentary from leading experts in the ETF industry.