Shipping Stocks To Add to Your Watchlist – January 22nd

Viking, Frontline, and Almonty Industries are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are shares of publicly traded companies that own, operate, or provide services to merchant vessels and maritime transport (for example, container carriers, dry-bulk and tanker operators, and shipowners). Their prices tend to be cyclical and closely tied to global trade volumes, freight and charter rates, fuel costs and the supply of ships, so investors often monitor freight-rate indicators (like the Baltic Dry Index) and macro trade trends when evaluating them. 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.

Frontline (FRO)

Almonty Industries (ALM)

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.