Promising Shipping Stocks To Watch Today – January 8th

by · The Cerbat Gem

Frontline, Viking, and Scorpio Tankers are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is maritime transport or related services — for example container, bulk and tanker operators, shipowners, and some port and logistics firms. Investors view them as cyclical, freight-rate-sensitive plays whose returns depend heavily on global trade volumes, vessel supply/demand, fuel and regulatory costs, and geopolitical or seasonal disruptions. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Frontline (FRO)

Read Our Latest Research Report on FRO

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

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

Further Reading