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Shipping Stocks To Consider - September 29th

Viking logo with Consumer Discretionary background

Key Points

  • Shipping stocks such as Viking, ZIM Integrated Shipping Services, and Frontline have seen the highest trading volumes recently, indicating increased investor interest.
  • Viking Holdings Ltd operates a diverse fleet of 92 ships across river and ocean segments and is expanding its passenger transport and tourism activities.
  • ZIM Integrated Shipping Services provides extensive container shipping and logistics services, catering to various customer needs both in Israel and internationally.
  • Interested in Viking? Here are five stocks we like better.

Viking, ZIM Integrated Shipping Services, and Frontline are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies whose primary business is transporting goods by sea—such as container lines, dry-bulk carriers and oil tankers. These stocks tend to be cyclical and sensitive to global trade volumes, freight-rate swings and fuel prices, making them a way for investors to gain exposure to the health of international commerce. 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

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

Frontline (FRO)

Read Our Latest Research Report on FRO

See Also

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

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