Promising Shipping Stocks To Consider - October 5th

Key Points

• MarketBeat highlights seven shipping-related stocks with the highest recent dollar trading volume: Frontline, Viking, TORM, Okeanis Eco Tankers, Scorpio Tankers, Golar LNG, and Almonty Industries.
• The companies span passenger cruises, product and crude-oil tankers, LNG infrastructure, and tungsten production, exposing them to factors including global trade, freight rates, fuel costs, vessel supply, and economic conditions.
• Several names have specialized operations: Viking runs river, ocean, and expedition vessels; Scorpio operates a large refined-products tanker fleet; Golar focuses on floating LNG infrastructure; and Almonty mines and ships tungsten concentrate.

Frontline, Viking, Torm, Okeanis Eco Tankers, Scorpio Tankers, Golar LNG, and Almonty Industries are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies involved in transporting goods or passengers by sea, including container lines, tanker operators, and dry-bulk carriers. Their performance is often influenced by global trade volumes, freight rates, fuel costs, vessel supply, and economic conditions. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Frontline (FRO)

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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

Torm (TRMD)

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.

Read Our Latest Research Report on TRMD

Okeanis Eco Tankers (ECO)

Read Our Latest Research Report on ECO

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

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

Almonty Industries (ALM)

Almonty Industries Inc. is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc. is based in TORONTO.

Read Our Latest Research Report on ALM

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