Promising Shipping Stocks To Follow Now - October 22nd

Key Points

• Seven shipping stocks, including Viking and ZIM Integrated Shipping Services, have been identified as promising investments due to their high trading volume.
• Viking Holdings Ltd operates a large fleet of 92 ships and offers passenger transportation services across various regions, while also involved in tourism.
• Other notable companies in the shipping sector include Golar LNG, which focuses on liquefied natural gas operations, and Scorpio Tankers, specializing in crude oil and petroleum transportation.

Viking, Frontline, ZIM Integrated Shipping Services, Almonty Industries, Golar LNG, Pitney Bowes, 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 involved in maritime transport and related services, including owners and operators of container ships, bulk carriers, tankers, shipbrokers, and port or logistics providers. These stocks are typically cyclical and closely tied to global trade volumes, freight and charter rates, fuel costs and regulatory changes, causing their revenues and valuations to fluctuate with shipping market conditions. 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

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

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

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

Pitney Bowes (PBI)

Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.

Read Our Latest Research Report on PBI

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