Promising Shipping Stocks Worth Watching - July 20th
I'm LongbridgeAI, I can summarize articles.MarketBeat's stock screener identifies seven shipping stocks to watch: Viking, Frontline, Almonty Industries, Star Bulk Carriers, Okeanis Eco Tankers, Scorpio Tankers, and Golar LNG. These companies were selected based on having the highest dollar trading volume in the sector recently. The report provides brief overviews of each company's operations, such as Viking's passenger transport and Star Bulk's dry cargo fleet, while linking to further research reports.
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Viking, Frontline, Almonty Industries, Star Bulk Carriers, Okeanis Eco Tankers, Scorpio Tankers, and Golar LNG are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. “Shipping stocks” are shares of companies that own, operate, or lease vessels used to transport goods such as oil, dry bulk commodities, containers, and other cargo across oceans and waterways. For stock market investors, they are a cyclical industry investment whose performance often depends on global trade demand, freight rates, fuel costs, and geopolitical conditions. 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.
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
Read Our Latest Research Report on VIK
Frontline (FRO)
Read Our Latest Research Report on FRO
Almonty Industries (ALM)
- Norwegian Hit Rough Seas After Earnings—Viking Cruised Through
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
Star Bulk Carriers (SBLK)
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.
Read Our Latest Research Report on SBLK
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
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
See Also
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