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Promising Shipping Stocks To Watch Now - July 21st

Viking logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat highlighted seven shipping-related stocks — Viking, Almonty Industries, Frontline, Golar LNG, Scorpio Tankers, Star Bulk Carriers, and ZIM Integrated Shipping Services — as the names with the highest recent dollar trading volume in the sector.
  • The shipping sector is highly cyclical, with stock performance often driven by global trade activity, freight rates, fuel costs, and broader economic demand.
  • Several of the highlighted companies operate in distinct shipping niches, including passenger cruising, LNG infrastructure, crude and product tankers, dry bulk transport, and container shipping.
  • Five stocks we like better than Viking.

Viking, Almonty Industries, Frontline, Golar LNG, Scorpio Tankers, Star Bulk Carriers, and ZIM Integrated Shipping Services are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies that own, operate, or service ships used to transport goods such as oil, gas, grain, and consumer products across oceans and other waterways. For stock market investors, they are a cyclical sector that can rise or fall based on global trade levels, freight rates, fuel costs, and overall economic demand. 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

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

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

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

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

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Should You Invest $1,000 in Viking Right Now?

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