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Top Shipping Stocks To Watch Today - October 7th

Viking logo with Consumer Discretionary background

Key Points

  • Viking, Frontline, Scorpio Tankers, Golar LNG, and ZIM Integrated Shipping Services are highlighted as the top shipping stocks to monitor, showcasing high trading volumes recently.
  • Scorpio Tankers operates a fleet of 110 vessels dedicated to the transportation of crude oil and refined products, indicating significant scale in the industry.
  • Golar LNG specializes in marine infrastructure for natural gas, focusing on liquefaction and regasification technologies, emphasizing diversification in shipping services.
  • MarketBeat previews top five stocks to own in November.

Viking, Frontline, Scorpio Tankers, Golar LNG, and ZIM Integrated Shipping Services are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own or operate vessels—such as container ships, bulk carriers and oil tankers—to transport goods by sea. Their performance is closely tied to global trade volumes, freight rates and fuel costs, making them cyclical and often more volatile than broader market indices. Investors in shipping stocks typically monitor charter rates, shipbuilding orders and economic indicators to gauge demand for maritime transport. 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

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

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

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

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