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Best Shipping Stocks To Watch Now - October 3rd

Viking logo with Consumer Discretionary background

Key Points

  • Top shipping stocks to watch include Viking, Golar LNG, ZIM Integrated Shipping Services, Frontline, and Scorpio Tankers, as they have experienced the highest trading volume recently.
  • Viking Holdings Ltd operates a fleet of 92 ships, focusing on passenger shipping and related tourism activities across North America and the UK.
  • Scorpio Tankers Inc. specializes in the seaborne transportation of crude oil and refined petroleum products, boasting a fleet of 110 vessels with an average age of approximately 8.1 years.
  • Five stocks to consider instead of Viking.

Viking, Golar LNG, ZIM Integrated Shipping Services, Frontline, and Scorpio Tankers are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own and operate vessels—such as container ships, bulk carriers, tankers, or LNG carriers—for international trade. Investors in shipping stocks gain exposure to global shipping rates and trade volumes, which fluctuate with economic growth, supply‐chain conditions, and fuel costs. 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

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

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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

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