Top Shipping Stocks To Follow Today – October 29th

Viking, ZIM Integrated Shipping Services, and Frontline 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—such as container lines, tanker operators, dry-bulk carriers, and firms providing ship management or port services. These stocks tend to be cyclical and are driven by global trade volumes, freight and charter rates, fleet capacity and age, fuel and operating costs, and shipping-related regulation, making them sensitive to economic growth and commodity demand. 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.

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)