Frontline, Viking, ZIM Integrated Shipping Services, Golar LNG, Safe & Green, 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 companies that own, lease or operate vessels used to transport goods by sea—such as container ships, bulk carriers and oil tankers. Their performance is driven largely by global trade volumes, freight rates and the balance of vessel supply and demand. Because shipping is a highly cyclical industry, these stocks can be volatile and sensitive to economic growth, fuel costs and regulatory changes. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.
Frontline (FRO)
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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
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
Safe & Green (SGBX)
Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.
Read Our Latest Research Report on SGBX
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
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