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LNG shipping stocks: U.S. listed companies vs. the rest of the World

The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.43% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 1.62%.

Last week was mixed for UPI, which shows that its movement has been four weeks to the side with a profit/loss of just one point. The U.S. indices, on the other hand, began to grow, although nervousness persists. UPI will now influence quarterly results; some companies have already published them: All Japanese companies – NYK Line, MOL and “K” line – BP, Shell, Chevron, Capital Product Partners, and some others.

The weekly chart of the UP World LNG Shipping Index compared with the S&P 500 (Source: UP-Indices.com)

“K” line (TSE: 9107) added nine percent, the most significant increase. MOL (TSE: 9104) grew by 4.1 %, and NYK Line (TSE: 9101) added 2.1 %. The remaining Asian companies – Korea Line Corporation (KRX: 005880) and Malaysian MISC (KLSE: 3816) added 1.1 % and 1.4 %, respectively.

The second most growing company was Norwegian CoolCo (OSE: COOL,) with a growth of 7.5 %. This was followed again by the Norwegian Awilco LNG (OSE: ALNG), with an increase of 5.3 %.

The group of more significantly growing society is closed by Belgian Exmar (BSE: EXM) with a growth of 3.8 %.

The declining group had the predominance of companies listed on US markets. The most lost Chevron (NYSE: CVX), which dropped by 5.6 %. BP (NYSE: BP) wrote off 3.2 %, and the post-dividend Capital Product Partners (NASDAQ: CPLP) decreased by 3.8 %. A similar loss of around 1.5 % had Excelerate Energy (NASDAQ: EE) and Golar LNG (NASDAQ: GLNG).

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 the maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers over 65% of the world’s LNG carrier fleet. 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: UP-Indices.com

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