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Promising Shipping Stocks To Add to Your Watchlist - March 24th

Almonty Industries logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat flagged seven shipping stocks to watch: Almonty Industries (ALM), Frontline (FRO), Golar LNG (GLNG), Viking (VIK), Scorpio Tankers (STNG), ZIM Integrated Shipping Services (ZIM), and Torm (TRMD).
  • Shipping stocks are highly cyclical and sensitive to global trade volumes, freight and charter rates, fuel costs, and indicators like the Baltic Dry Index, making them volatile and often driven more by shipping-market fundamentals than traditional earnings metrics.
  • These companies posted the highest dollar trading volume among Shipping stocks in recent days, signaling elevated investor interest and liquidity.
  • Five stocks to consider instead of Almonty Industries.

Almonty Industries, Frontline, Golar LNG, Viking, Scorpio Tankers, ZIM Integrated Shipping Services, and Torm are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies that operate vessels or provide maritime transport and related services—including container lines, dry‑bulk and tanker carriers, port operators, and shipbuilders. These equities are highly cyclical and sensitive to global trade volumes, freight and charter rates, fuel costs, and industry indicators (for example, the Baltic Dry Index). As a result, shipping stocks can be volatile and are often driven more by shipping market fundamentals than by traditional corporate earnings metrics. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

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

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

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

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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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