The shipping industry includes companies that transport cargo around the world, from grains to apparel to electronics to appliances. In spite of the term "shipping," these companies often transport commodities and merchandise by air, sea, and on land by truck or train. They also provide storage and other logistics. Some of the largest shipping companies in the world include A.P. Møller-Mærsk A/S (AMKBY) and Hapag-Lloyd AG (HPGLY). The shipping industry has faced ongoing challenges surrounding the COVID-19 pandemic and Russia's invasion of Ukraine. However, in recent months shipping backlogs have begun to ease.

In the past year, the shipping industry has outperformed the broader market. The benchmark Dow Jones U.S. Marine Transportation Index has provided a 1-year trailing total return of 2.3% compared with -5.6% for the Russell 1000 Index. These market performance numbers and all statistics in the tables below are as of June 9, 2022.

Here are the top 3 shipping stocks with the best value, the fastest growth, and the most momentum, respectively.

These are the shipping stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

These are the top shipping stocks as ranked by a growth model that scores companies based on a 50/50 weighting of their most recent quarterly YOY percentage revenue growth and their most recent quarterly YOY earnings-per-share (EPS) growth. Both sales and earnings are critical factors in the success of a company. Therefore ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of over 2,500% were excluded as outliers.

Source: YCharts *Global Ship Lease's revenue number in the table above is time charter revenue growth.

These are the shipping stocks that had the highest total return over the last 12 months.

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Business Insider. "One of the biggest trends powering sky-high inflation got a lot better in May."

ZIM Integrated Shipping Services Inc. "ZIM Reports Record Financial Results for the First Quarter of 2022."

Navios Maritime Partners LP. "Navios Maritime Partners L.P. Reports Financial Results for the First Quarter Ended March 31, 2022."

Global Ship Lease Inc. "Global Ship Lease Reports Results for the First Quarter of 2022."

Genco Shipping & Trading Ltd. "Genco Shipping & Trading Limited Announces First Quarter Financial Results."

Westshore Terminals Investment Corp. "Westshore Terminals Investment Corporation First Quarter Report," Pages 2, 4.