Sectors & Industries IndustrialsMarine Shipping
Best Shipping Stocks to Buy Now (2023)
Top shipping stocks in 2023 ranked by overall Zen Score. See the best shipping stocks to buy now, according to analyst forecasts for the marine shipping industry.

Industry: Marine Shipping

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
ESEA	EUROSEAS LTD	NASDAQ	Marine Shipping	$130.44M	$18.33	0.71%	$129.84M	1.24x	0.95
DAC	DANAOS CORP	NYSE	Marine Shipping	$1.08B	$53.03	0.42%	$773.87M	1.94x	0.33
GSL	GLOBAL SHIP LEASE INC	NYSE	Marine Shipping	$658.91M	$18.07	-2.43%	$256.91M	3.89x	1.80
GLBS	GLOBUS MARITIME LTD	NASDAQ	Marine Shipping	$21.61M	$1.05	-3.67%	$36.85M	0.89x	0.32
EDRY	EURODRY LTD	NASDAQ	Marine Shipping	$49.07M	$16.91	-0.57%	$48.15M	1.45x	0.75
CTRM	CASTOR MARITIME INC	NASDAQ	Marine Shipping	$69.07M	$0.73	2.67%	$154.32M	0.58x	0.37
PANL	PANGAEA LOGISTICS SOLUTIONS LTD	NASDAQ	Marine Shipping	$256.08M	$5.51	0.18%	$123.75M	3.08x	1.21
GNK	GENCO SHIPPING & TRADING LTD	NYSE	Marine Shipping	$649.30M	$15.34	-1.67%	$229.28M	4.10x	0.21
MATX	MATSON INC	NYSE	Marine Shipping	$2.16B	$59.93	-3.93%	$1.66B	2.20x	0.89
SBLK	STAR BULK CARRIERS CORP	NASDAQ	Marine Shipping	$2.10B	$20.37	-2.49%	$786.19M	3.68x	0.70
CMRE	COSTAMARE INC	NYSE	Marine Shipping	$1.15B	$9.25	-0.86%	N/A	2.17x	1.27
EGLE	EAGLE BULK SHIPPING INC	NYSE	Marine Shipping	$632.24M	$46.12	-2.16%	$343.13M	2.42x	0.51
ZIM	ZIM INTEGRATED SHIPPING SERVICES LTD	NYSE	Marine Shipping	$2.88B	$23.95	2.48%	$7.65B	0.62x	0.97
SB	SAFE BULKERS INC	NYSE	Marine Shipping	$424.36M	$3.57	-1.65%	$239.21M	2.63x	0.61
GOGL	GOLDEN OCEAN GROUP LTD	NASDAQ	Marine Shipping	$1.85B	$9.22	-1.71%	$646.08M	4.01x	0.70
INSW	INTERNATIONAL SEAWAYS INC	NYSE	Marine Shipping	$2.16B	$43.97	-1.39%	$556.09M	5.60x	0.76
CPLP	CAPITAL PRODUCT PARTNERS LP	NASDAQ	Marine Shipping	$253.50M	$12.84	-0.62%	$250.11M	2.07x	2.13
NETI	ENETI INC	NYSE	Marine Shipping	$376.01M	$9.78	0.82%	$133.17M	3.56x	0.14
DSX	DIANA SHIPPING INC	NYSE	Marine Shipping	$387.84M	$3.93	-1.50%	N/A	2.77x	1.43
ASC	ARDMORE SHIPPING CORP	NYSE	Marine Shipping	$617.80M	$15.22	-3.00%	$187.64M	4.19x	0.46
SHIP	SEANERGY MARITIME HOLDINGS CORP	NASDAQ	Marine Shipping	$92.03M	$5.32	-2.92%	$76.28M	1.97x	0.99
SFL	SFL CORP LTD	NYSE	Marine Shipping	$1.29B	$9.28	-1.59%	$515.14M	5.80x	2.54
NMM	NAVIOS MARITIME PARTNERS LP	NYSE	Marine Shipping	$722.61M	$23.94	-0.83%	$832.80M	0.97x	1.15
PXS	PYXIS TANKERS INC	NASDAQ	Marine Shipping	$55.30M	$5.21	-0.57%	$23.93M	4.42x	1.27
GRIN	GRINDROD SHIPPING HOLDINGS LTD	NASDAQ	Marine Shipping	$214.60M	$11.20	-0.80%	$188.53M	2.06x	0.91
KEX	KIRBY CORP	NYSE	Marine Shipping	$4.02B	$67.04	-3.01%	$410.54M	32.86x	0.83
PSHG	PERFORMANCE SHIPPING INC	NASDAQ	Marine Shipping	$3.28M	$0.81	-2.29%	N/A	0.12x	0.88
NM	NAVIOS MARITIME HOLDINGS INC	NYSE	Marine Shipping	$46.87M	$1.86	-2.11%	$269.62M	0.59x	8.45
GASS	STEALTHGAS INC	NASDAQ	Marine Shipping	$100.50M	$2.65	0.00%	$29.34M	-8.03x	0.63
SMHI	SEACOR MARINE HOLDINGS INC	NYSE	Marine Shipping	$205.87M	$7.68	-0.39%	$22.60M	-2.86x	1.15
KNOP	KNOT OFFSHORE PARTNERS LP	NYSE	Marine Shipping	$175.04M	$5.16	-2.64%	$209.57M	N/A	1.91
NAT	NORDIC AMERICAN TANKERS LTD	NYSE	Marine Shipping	$753.15M	$4.10	-1.91%	-$76.54M	-3.90x	0.71
TOPS	TOP SHIPS INC	NASDAQ	Marine Shipping	$2.58M	$0.85	-3.30%	N/A	-0.28x	2.46
CACO	CARAVELLE INTERNATIONAL GROUP	NASDAQ	Marine Shipping	$8.27M	$1.10	7.18%	N/A	N/A	-18.42
OP	OCEANPAL INC	NASDAQ	Marine Shipping	$346.64k	$0.39	1.03%	-$75.35k	N/A	0.04

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best shipping stocks to buy right now are:

1. Euroseas (NASDAQ:ESEA)

Euroseas (NASDAQ:ESEA) is the top shipping stock with a Zen Score of 73, which is 34 points higher than the shipping industry average of 39. It passed 29 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock lose -42.01% over the past year, underperforming other shipping stocks by -4 percentage points.

Euroseas has an average 1 year price target of $43.00, an upside of 134.59% from Euroseas's current stock price of $18.33.

Euroseas stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Euroseas, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Danaos (NYSE:DAC)

Danaos (NYSE:DAC) is the second best shipping stock with a Zen Score of 70, which is 31 points higher than the shipping industry average of 39. It passed 25 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock lose -49.33% over the past year, underperforming other shipping stocks by -11 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 50.86% from Danaos's current stock price of $53.03.

Danaos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Danaos, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Global Ship Lease (NYSE:GSL)

Global Ship Lease (NYSE:GSL) is the third best shipping stock with a Zen Score of 67, which is 28 points higher than the shipping industry average of 39. It passed 27 out of 38 due diligence checks and has strong fundamentals. Global Ship Lease has seen its stock lose -37.56% over the past year, overperforming other shipping stocks by 1 percentage points.

Global Ship Lease has an average 1 year price target of $25.00, an upside of 38.35% from Global Ship Lease's current stock price of $18.07.

Global Ship Lease stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Global Ship Lease, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shipping stocks with highest dividends?

Out of 22 shipping stocks that have issued dividends in the past year, the 3 shipping stocks with the highest dividend yields are:

1. Zim Integrated Shipping Services (NYSE:ZIM)

Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of 44.05%, which is 32 percentage points higher than the shipping industry average of 11.84%.

Zim Integrated Shipping Services's dividend payout ratio of 71.6% indicates that its high dividend yield is sustainable for the long-term.

2. Knot Offshore Partners (NYSE:KNOP)

Knot Offshore Partners (NYSE:KNOP) has an annual dividend yield of 30.74%, which is 19 percentage points higher than the shipping industry average of 11.84%. Knot Offshore Partners's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Knot Offshore Partners's dividend has not shown consistent growth over the last 10 years.

3. Star Bulk Carriers (NASDAQ:SBLK)

Star Bulk Carriers (NASDAQ:SBLK) has an annual dividend yield of 25.04%, which is 13 percentage points higher than the shipping industry average of 11.84%. Star Bulk Carriers's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Star Bulk Carriers's dividend has shown consistent growth over the last 10 years.

Star Bulk Carriers's dividend payout ratio of 92.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks down?

Shipping stocks were down -1.53% in the last day, and down -1.63% over the last week.

We couldn't find a catalyst for why shipping stocks are down.

What are the most undervalued shipping stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shipping stocks right now are:

1. Eurodry (NASDAQ:EDRY)

Eurodry (NASDAQ:EDRY) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Eurodry has a valuation score of 100, which is 54 points higher than the shipping industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Eurodry's stock has dropped -43.29% in the past year. It has underperformed other stocks in the shipping industry by -5 percentage points.

2. Globus Maritime (NASDAQ:GLBS)

Globus Maritime (NASDAQ:GLBS) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Globus Maritime has a valuation score of 100, which is 54 points higher than the shipping industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Globus Maritime's stock has dropped -56.07% in the past year. It has underperformed other stocks in the shipping industry by -18 percentage points.

3. Pangaea Logistics Solutions (NASDAQ:PANL)

Pangaea Logistics Solutions (NASDAQ:PANL) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Pangaea Logistics Solutions has a valuation score of 86, which is 40 points higher than the shipping industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Pangaea Logistics Solutions's stock has dropped -2.99% in the past year. It has overperformed other stocks in the shipping industry by 35 percentage points.

Are shipping stocks a good buy now?

77.42% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 50.83% over the next year.

What is the average p/e ratio of the marine shipping industry?

The average P/E ratio of the marine shipping industry is 7.41x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.