LNG shipping stocks: Increase by 3.4%
The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added 2.8 points or over 3.4% last week. US stocks represented by the S&P 500 (SPX) index lost 0.13%.
Both of the indices reversed their movements from last week. The UP Index surpassed its maximum from March this year, while the S&P 500 index rested after previous growth.
Golar LNG Ltd (NYSE:GLNG) helped the UP Index the most, when it grew by 10%. Two Japanese companies, Mitsui O.S.K. Lines (TSE:9104) and Kawasaki Kisen Kaisha (TSE:9107) also added over seven percent. NYK Line (TSE:9101) increased by 5.2% and South Korean SM KLC (KRX:005880) added over 6%.
The Belgian Exmar NV (BRX:EXM) lost the most, 5,5%.
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 world unique index covers 20 companies and partnerships from countries all over the world like the USA, Qatar, Japan, Norway, South Korea or Malaysia. The index covers more than 65 % of the world LNG carrier fleet.