LNG shipping stocks: Japanese gains

Last week, the UP World LNG Shipping Index (UPI) gained 1.82 points or 1.24%, closing at 148.07 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1%. You can find both indices in the image below.

Despite most constituents experiencing mild week-to-week moves, the daily market was much more dynamic.
The most gained “K” line (TSE: 9107), which rose by 8.5%. M.O.L (TSE: 9104) gained 5.1%, and NYK Line (TSE: 9101) strength by 4.2%. Two other gainers were New Fortress Energy (NASDAQ: NFE) and Korea Line Corporation (KSE: 005880) with gains of 2.1%, and Capital Product Partners (NASDAQ: CPLP) with Dynagas LNG Partners (NYSE: DLNG), which gained 1.5%. Cool Company (NYSE/OSE: CPLP) rose by 2.3% on NYSE but lost 0.6% on OSE.

Exmar (BSE: EXM) suffered the greatest loss, dropping by 4.8%. Nakilat (QSE: QGTS) declined by 3.3% and is now close to its lowest price in two years. MISC (KLSE: 3816), Golar LNG (NASDAQ: GLNG), and Excelerate Energy (NASDAQ: EE) all lost around 2.5%.
Despite the drillers – bp (NYSE: bp), Chevron (NYSE: CVX), and Shell (NYSE: SHEL) – closing with minimal gains, all three experienced significant drops in share price during the week, as did CoolCo and Golar LNG.

In conclusion, LNG shipping stocks remain volatile.

UP World LNG Shipping Index, established in 2020, is a rules-based stock index family designed to show and measure the performance of worldwide publicly traded companies involved in the maritime transport of liquefied natural gas (LNG). This unique index covers 18 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covered over 65% of the world’s LNG carrier fleet in 2020. UP Index is a premium service. We offer freemium (the basic chart of the UP Index and S&P 500 index) and trial access to all charts.
Source: By Tomas Novotny, UP-Indices.com