LNG shipping stocks gained 38% last year

The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 0.18% last week. US stocks represented by the S&P 500 Index gained 0.85%.

In 2021 the UP World LNG Shipping Index gained nearly 38%, and the UP World LNG Shipping Total Return Index that in count paid dividends gained 41.65%.

In the weeks around Christmas, the LNG shipping showed its necessity as the price spread between European and Asian Natural Gas prices turned tens of ships to Europe. As NG is a global commodity, the winter rise of NG prices in Europe might copy the old Asian pattern.

The last week of the year was relatively calm with low volume. The Norwegian Awilco LNG ASA (OSE: ALNG) was the only stock that rose significantly. Its stocks gained 9%.

The second most significant rise belongs to two companies from different parts of the World: Flex LNG (NYSE: FLNG) and SM Korea Line Corporation (KRX: 005880). Both gained around 3.1 %.

Finally the most losing were also two companies. New Fortress Energy (NYSE: NFE) lost 4.4% and Russian PAO Sovcomflot (ME: FLOT) 4%.

UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships from countries worldwide like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers more than 65% of the world’s LNG carrier fleet.
Source: UP-Indices.com