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Shipping Stocks To Follow Now - May 5th

Scorpio Tankers logo with Transportation background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener flagged seven shipping stocks with the highest recent dollar trading volume: Scorpio Tankers, Viking, Golar LNG, Frontline, Star Bulk Carriers, ZIM Integrated Shipping Services, and Almonty Industries.
  • Shipping stocks are cyclical and often volatile, with performance driven by global trade volumes, freight and charter rates, fuel costs, and geopolitical or regulatory developments that affect seaborne commerce.
  • Scorpio Tankers operates a fleet of 110 owned and finance-leased tankers (39 LR2, 57 MR, 14 Handymax) with a weighted average age of about 8.1 years, highlighting its scale in the product tanker market.
  • MarketBeat previews the top five stocks to own by June 1st.

Scorpio Tankers, Viking, Golar LNG, Frontline, Star Bulk Carriers, ZIM Integrated Shipping Services, and Almonty Industries are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own, operate, or provide services for maritime transport — including container carriers, dry-bulk and tanker operators, shipbuilders, ports, and ship-management firms. For investors they are cyclical and often volatile, with performance driven by global trade volumes, freight and charter rates, fuel costs and geopolitical or regulatory developments that affect seaborne commerce. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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

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

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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

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

Further Reading

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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