10 Best Marine Shipping Stocks to Buy According to Analysts

1. Okeanis Eco Tankers Corp. (NYSE:ECO) 

Upside Potential: 115.48%

Number of Hedge Fund Investors: 10

Stock Price as of December 24: $20.42

Okeanis Eco Tankers Corp. (NYSE:ECO) is a leading marine transportation company specializing in the ownership and operation of modern, eco-friendly crude oil tankers. The company boasts a fleet of 14 vessels, built at top-tier shipyards in Korea and Japan, with an average age of just five years. The company’s fleet is uniquely positioned as the youngest and most eco-friendly, with all vessels equipped with scrubbers, to meet environmental regulations.

Okeanis Eco Tankers Corp. (NYSE:ECO) is focusing on operating a young fleet of modern, energy-efficient tankers, which allows the company to potentially secure better charter rates due to their environmental benefits. The company is committed to maintaining a competitive edge by continuously optimizing its fleet and ensuring that its vessels are in top condition. The company has successfully completed a series of drydocks for several of its vessels, including the five-year drydock for Nissos Kythnos, Nissos Rhenia, and Nissos Donoussa.

These drydocks were executed within budget, with costs approximately 10% below internal estimates, and included advanced enhancements such as high-spec tanks and graphene propeller coatings to improve vessel performance and efficiency. The company projects a 10% consumption benefit over a five-year period, with an annual savings of $1 million.

Looking ahead, Okeanis Eco Tankers Corp. (NYSE:ECO) is optimistic about the medium-term fundamentals of the crude oil tanker market, driven by a controlled order book, an aging fleet, and shrinking yard capacity. The company anticipates that the supply of new vessels will struggle to keep pace with the retirement of older, less efficient ships, creating a favorable supply environment. Additionally, the ton-mile effect, where crude oil supply is predominantly sourced from the West and demand is concentrated in the East, supports higher demand for tanker services.

While we acknowledge the potential of Okeanis Eco Tankers Corp. (NYSE:ECO) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ECO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.