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Shipping Stocks To Consider - September 15th

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Key Points

  • Seven shipping-related stocks are highlighted: Torm, Frontline, Viking, Okeanis Eco Tankers, Almonty Industries, Star Bulk Carriers, and Scorpio Tankers, selected for having the highest recent dollar trading volume among shipping stocks.
  • The list spans multiple subsectors, including refined-product and crude-oil tankers, passenger cruise and river vessels, dry-bulk shipping, and tungsten production and shipping.
  • Shipping stock performance is influenced by freight rates, global trade volumes, fuel costs, fleet capacity, and economic cycles, making these important factors for investors to monitor.
  • Interested in Torm? Here are five stocks we like better.

Torm, Frontline, Viking, Okeanis Eco Tankers, Almonty Industries, 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 provide services to commercial vessels transporting goods or passengers, such as container ships, tankers, and bulk carriers. Their performance is often influenced by freight rates, global trade volumes, fuel costs, fleet capacity, and broader economic cycles. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

Okeanis Eco Tankers (ECO)

Read Our Latest Research Report on ECO

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

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

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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