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Shipping Stocks To Follow Today - March 31st

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

Key Points

  • MarketBeat's screener flagged seven Shipping stocks to watch today: Viking (VIK), Golar LNG (GLNG), Frontline (FRO), Almonty Industries (ALM), Okeanis Eco Tankers (ECO), Scorpio Tankers (STNG), and ZIM Integrated Shipping Services (ZIM), based on the highest dollar trading volume among Shipping stocks in recent days.
  • Company highlights: Viking is a passenger cruise operator with a 92-ship fleet, Golar LNG specializes in FLNG and LNG marine infrastructure, Scorpio Tankers operates roughly 110 crude and product tankers, and ZIM is a global container carrier.
  • An apparent anomaly: Almonty Industries appears on the list despite being a tungsten concentrate producer rather than a maritime-transport company, suggesting a possible screener or classification error.
  • Five stocks to consider instead of Viking.

Viking, Golar LNG, Frontline, Almonty Industries, Okeanis Eco Tankers, Scorpio Tankers, 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 whose primary business is maritime transport—owners and operators of cargo vessels (container, dry bulk, tankers, LNG) and firms providing related sea‑freight services. They give investors exposure to global trade cycles but tend to be cyclical and volatile, with prices driven by freight rates, global demand, fuel and charter costs, vessel supply and regulatory changes. 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

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

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

Okeanis Eco Tankers (ECO)

Read Our Latest Research Report on ECO

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

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

Read More

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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