Best Shipping Stocks To Consider - September 27th

Key Points

• Five shipping stocks to consider include Viking, Scorpio Tankers, Pitney Bowes, ZIM Integrated Shipping Services, and Golar LNG, highlighted for their high trading volumes recently.
• Viking Holdings Ltd operates a diverse fleet of 92 ships, engaging mainly in passenger transport and tourism activities across North America, the UK, and internationally.
• Scorpio Tankers Inc. focuses on the transportation of crude oil and refined petroleum products, managing a fleet of 110 tankers with a weighted average age of approximately 8.1 years.

Viking, Scorpio Tankers, Pitney Bowes, ZIM Integrated Shipping Services, and Golar LNG are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is the operation, ownership, or management of sea‐going vessels—such as container ships, bulk carriers, tankers, and specialized freighters. Investors in these equities seek exposure to global trade flows and freight rate cycles, which can drive significant share‐price volatility in response to changes in supply, demand and shipping regulations. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

Read Our Latest Research Report on VIK

Scorpio Tankers (STNG)

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.

Read Our Latest Research Report on STNG

Pitney Bowes (PBI)

Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.

Read Our Latest Research Report on PBI

ZIM Integrated Shipping Services (ZIM)

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.

Read Our Latest Research Report on ZIM

Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

Read Our Latest Research Report on GLNG

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