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Top Shipping Stocks To Watch Today - October 13th

Viking logo with Consumer Discretionary background

Key Points

  • Top shipping stocks to monitor today include Viking Holdings, Frontline, and ZIM Integrated Shipping Services, which have shown the highest trading volume recently.
  • Viking Holdings operates a diverse fleet of 92 ships, engaging in both passenger shipping and tourism activities across North America and internationally.
  • ZIM Integrated Shipping Services provides container shipping and transportation services globally, targeting a range of customers including end-users and freight forwarders.
  • Five stocks to consider instead of Viking.

Viking, Frontline, and ZIM Integrated Shipping Services are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that operate or own vessels and maritime transport services—such as container lines, bulk carriers, tankers, and ship lessors—whose revenues come from moving goods by sea or chartering ships. They tend to be highly cyclical and sensitive to global trade volumes, freight rates (e.g., the Baltic Dry Index), fuel costs, fleet supply and regulation, so investors monitor charter rates, fleet capacity and macroeconomic indicators when assessing them. 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

Frontline (FRO)

Read Our Latest Research Report on FRO

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

See Also

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

Before you consider Viking, you'll want to hear this.

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While Viking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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