Promising Shipping Stocks To Follow Now – November 13th

Safe & Green, Viking, ZIM Integrated Shipping Services, Frontline, and Scorpio Tankers are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of companies that own, operate or manage merchant vessels and related maritime services—including container, dry bulk, tanker, LNG and offshore shipping firms. They tend to be cyclical and volatile, driven by global trade volumes, freight and charter rates, fuel and operating costs, vessel supply and geopolitical or regulatory risks, so investors monitor indicators like the Baltic Dry Index, charter rates and fleet orderbooks. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Safe & Green (SGBX)

Safe & Green Holdings Corp. is a design and construction services company, which engages in the provision of code engineered cargo shipping containers. It operates through the following segments: Construction, Medical, Development, and Corporate and Support. The Construction Services segment includes the manufacturing of unit SG ECHO and other modules projects.

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.

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.

Frontline (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.