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LNG shipping stocks: Uptrend continues

The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, lost 0.23 point or 0.23% last week. US stocks represented by the S&P 500 (SPX) index gained 1.67%.
Picture below shows confirmation of our last week’s interpretation where two trendlines set an up channel to the UP World LNG Shipping Index.

GasLog Partners LP (NYSE:GLOP) was the most successful constituent of the UP index last week as it gained 8.5%. Norwegian Awilco LNG ASA (OSE:ALNG) added a similar 8.3%. Exmar (NV (BSE:EXM), the third most rising company, added 6.4%.

The biggest decline suffered Dynagas LNG Partners LP (NYSE:DLNG), but it lost 8.1% after a spectacular rise of 31% two weeks ago.

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 18 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.
Source: UP-Indices.com

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