Shipping Stocks To Add to Your Watchlist - September 23rd

Key Points

• Seven shipping-related stocks are highlighted for investors’ watchlists: Viking Holdings (VIK), Frontline (FRO), TORM (TRMD), Almonty Industries (ALM), Okeanis Eco Tankers (ECO), Star Bulk Carriers (SBLK), and Scorpio Tankers (STNG).
• The companies were selected based on having the highest recent dollar trading volume among shipping stocks. Their performance can be affected by freight rates, global trade, fuel costs, fleet capacity, and economic cycles.
• The group spans passenger cruises and tours, refined-product and crude-oil tankers, dry-bulk shipping, and tungsten production and shipping, giving investors exposure to different transportation and commodity markets.

Viking, Frontline, Torm, Almonty Industries, Okeanis Eco Tankers, Star Bulk Carriers, and Scorpio Tankers are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own, operate, or lease vessels used to transport goods or passengers by sea. Their performance is often influenced by freight rates, global trade volumes, fuel costs, fleet capacity, and economic cycles. 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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

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

Okeanis Eco Tankers (ECO)

Read Our Latest Research Report on ECO

Star Bulk Carriers (SBLK)

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

Read Our Latest Research Report on SBLK

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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