Promising Shipping Stocks To Follow Now - October 6th

Key Points

• ZIM Integrated Shipping Services, Viking, Frontline, Golar LNG, and Pitney Bowes are highlighted as promising shipping stocks to watch due to their recent high trading volumes.
• Shipping stocks are influenced by global trade volumes, freight-rate changes, and fuel costs, making them subject to economic cycles and regulatory impacts.
• The article suggests that an ongoing oil rally could further benefit these shipping stocks, emphasizing the potential for increased market performance.

ZIM Integrated Shipping Services, Viking, Frontline, Golar LNG, and Pitney Bowes are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own or operate cargo vessels—such as container ships, bulk carriers and tankers—used to transport goods by sea. Their share prices tend to be highly cyclical, moving in response to global trade volumes, freight‐rate fluctuations, fuel costs and vessel supply-and-demand dynamics. Investors buy shipping stocks to gain leveraged exposure to international trade growth but must be prepared for volatility tied to economic cycles and regulatory shifts. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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

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

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

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