Shipping Stocks
Top 10 of 54 BOAT holdings, updated
As of 12 October 2026, shipping stocks are among the strongest groups in the market, well ahead of the S&P 500. BOAT beats the S&P 500 by 4.2 points over one month and ranks #8 of 115 groups Zensei tracks. 8 of the 26 shipping stocks Zensei prices in BOAT beat the fund this month.
Where shipping stocks stand now
As of 12 October 2026, Shipping (BOAT) ranks #8 of the 115 groups Zensei tracks by one-month return against the S&P 500, inside the top tier of the market. It sits in the Outperformers quadrant of the rotation map: it has decisively beaten the S&P 500 by 4.2 points over the past month, on top of a 26.1-point advantage over the longer, time-shifted window.
On the shorter tape, BOAT's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. BOAT's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The two signals agree — the short-term tape and the longer trend point the same way.
The exposure comes via SonicShares Global Shipping ETF, whose 54 tracked holdings are led by Mitsui O.S.K. Lines Ltd, Kawasaki Kisen Kaisha Ltd and Frontline PLC. Weighted by portfolio, the fund's holdings trade at roughly 8.2× earnings. The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
Top shipping stocks right now
The largest shipping stocks by weight in BOAT, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of BOAT
- 1Mitsui O.S.K. Lines Ltd5.3%
- 2Kawasaki Kisen Kaisha Ltd5.2%
- 3Frontline PLCFRO5.1%
- 4A P Moller Maersk As5.1%
- 5Sitc International Holdings Co Ltd4.9%
Strongest this month
1-month return, holdings Zensei prices
- 1Frontline PLCFRO+28.3%
- 2International Seaways IncINSW+19.9%
- 3Dht Holdings IncDHT+19.3%
- 4Nordic American Tankers LtdNAT+17.8%
- 5Tsakos Energy Navigation LtdTEN+14.0%
Shipping Stocks vs the S&P 500
Over the week to 12 October 2026, BOAT rose 3.2% while the S&P 500 rose 0.4%. BOAT and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means BOAT won that window.
Prices as of · computed from daily adjusted closes · how we measure
Shipping on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are shipping stocks expensive?
The price-to-earnings ratio of BOAT as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
BOAT holdings: the shipping stocks inside
As of 12 October 2026, 8 of the 26 shipping stocks Zensei prices in BOAT beat the fund over the past month. 14 of them beat the S&P 500. The strongest is Frontline PLC (FRO); the weakest is Knot Offshore Partners LP (KNOP). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | Mitsui O.S.K. Lines Ltd | 5.3% | — | — | No price data | ||
| 2 | Kawasaki Kisen Kaisha Ltd | 5.2% | — | — | No price data | ||
| 3 | FROFrontline PLC | 5.1% | +28.3% | +71.0% | +22.1 pts | Cruising | Strong |
| 4 | A P Moller Maersk As | 5.1% | — | — | No price data | ||
| 5 | Sitc International Holdings Co Ltd | 4.9% | — | — | No price data | ||
| 6 | Hmm | 4.6% | — | — | No price data | ||
| 7 | Wallenius Wilhelmsen ASA Shs Oppstartsfase 1 | 4.3% | — | — | No price data | ||
| 8 | INSWInternational Seaways Inc | 4.3% | +19.9% | +51.4% | +13.7 pts | Cruising | Strong |
| 9 | Orient Overseas (International) Ltd | 4.3% | — | — | No price data | ||
| 10 | Hafnia Ltd | 3.9% | — | — | No price data | ||
All 54 BOAT holdings by weight: Mitsui O.S.K. Lines Ltd 5.3%, Kawasaki Kisen Kaisha Ltd 5.2%, Frontline PLC (FRO) 5.1%, A P Moller Maersk As 5.1%, Sitc International Holdings Co Ltd 4.9%, Hmm 4.6%, Wallenius Wilhelmsen ASA Shs Oppstartsfase 1 4.3%, International Seaways Inc (INSW) 4.3%, Orient Overseas (International) Ltd 4.3%, Hafnia Ltd 3.9%, Matson Inc (MATX) 3.8%, Cosco Shipping Holdings Co Ltd 3.8%, Hapag-Lloyd AG 3.7%, Cmb.Tech NV 3.6%, Scorpio Tankers Inc (STNG) 3.5%, Torm PLC 1.8%, Hoegh Autoliners ASA 1.8%, Zim Integrated Shipping Services Ltd (ZIM) 1.8%, Stolt-Nielsen Ltd 1.8%, Star Bulk Carriers Corp (SBLK) 1.8%, Dht Holdings Inc (DHT) 1.7%, Cosco Shipping Energy Transportation Co Ltd 1.5%, Ts Lines Ltd 1.5%, Pacific Basin Shipping Ltd 1.4%, Danaos Corp (DAC) 1.4%, Teekay Tankers Ltd (TNK) 1.4%, Okeanis Eco Tankers Corp 1.4%, Panocean Co Ltd 1.2%, Dorian Lpg Ltd (LPG) 1.2%, Dampskibsselskabet Norden As 0.9%, Sfl Corp Ltd (SFL) 0.9%, Costamare Inc (CMRE) 0.9%, Ns United Kaiun Kaisha Ltd 0.8%, Global Ship Lease Inc (GSL) 0.8%, Nordic American Tankers Ltd (NAT) 0.8%, Navigator Holdings Ltd (NVGS) 0.7%, Tsakos Energy Navigation Ltd (TEN) 0.7%, Mpc Container Ships ASA 0.7%, Genco Shipping & Trading Ltd (GNK) 0.6%, Teekay Corp Ltd (TK) 0.6%, D'amico International Shipping SA 0.5%, Safe Bulkers Inc (SB) 0.4%, Himalaya Shipping Ltd 0.4%, Ardmore Shipping Corp (ASC) 0.4%, Pangaea Logistics Solutions Ltd (PANL) 0.3%, Euroseas Ltd (ESEA) 0.3%, Knot Offshore Partners LP (KNOP) 0.2%, Seanergy Maritime Holdings Corp (SHIP) 0.2%, Diana Shipping Inc (DSX) 0.2%, Stealthgas Inc (GASS) 0.2%, Heung-A Shipping Co Ltd 0.2%, Hong Kong Dollar 0.1%, Norwegian Krone 0.1%, Euro 0.0%.
Shipping Stocks: common questions
What are the top 3 shipping stocks?
As of 12 October 2026, the three largest shipping stocks in BOAT by fund weight are Mitsui O.S.K. Lines Ltd (5.3%), Kawasaki Kisen Kaisha Ltd (5.2%) and Frontline PLC (FRO) (5.1%). Fund weight shows size inside the fund, not a recommendation.
Which shipping stocks are beating the sector?
As of 12 October 2026, 8 of the 26 shipping stocks Zensei prices in BOAT beat the fund over the past month. The strongest over the past month is Frontline PLC (FRO). The list above shows every holding with its weight and returns.
Are shipping stocks outperforming the S&P 500?
Yes. As of 12 October 2026, BOAT has beaten the S&P 500 by 4.2 points over the past month.
Is it a good time to invest in shipping stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, shipping stocks are ahead of the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is BOAT?
BOAT is SonicShares Global Shipping ETF. Zensei uses it to measure shipping stocks against the S&P 500 (SPY).
What stocks does BOAT own?
As of 12 October 2026, the largest of the 54 positions Zensei tracks in BOAT are Mitsui O.S.K. Lines Ltd, Kawasaki Kisen Kaisha Ltd, Frontline PLC, A P Moller Maersk As, Sitc International Holdings Co Ltd. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is shipping in right now?
As of 12 October 2026, shipping is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The Zensei methodology page explains the quadrants.
Recent changes
- ·Beating the market → among the strongest
- ·Among the strongest → beating the market
- ·First tracked: among the strongest
Related sectors
Track shipping against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.