Home / Shipping News / International Shipping News / LNG shipping stocks: Without the influence of regionality

LNG shipping stocks: Without the influence of regionality

The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.65% last week. However, U.S. stocks represented by the S&P 500 (SPX) index gained 1.90%.

The UP Index continues to grow by about half a percent a week. However, it may be time for a minor correction and then a continuation of the uptrend.

While the movement has been divided regionally in recent weeks – with increasing Asian shares – the regionality did not pay last week. Although European / Norwegian companies grew the most, others have joined there. Belgian Exmar (BSE: EXM) grew by more than 16 %. Half less strengthened Cool Company (OSE: COOL), which is already looking forward to the dual listing on NYSE. The third most robust growth showed Excelerate Energy (NASDAQ: EE), which was almost 6 %. Flex LNG (NYSE /OSE: FLNG) improved its price by four percent. Finally, Shell (NYSE: SHEL) added 2.8 % and continued in the uptrend.
There were quite many weakening companies but no significant slumps, perhaps except New Fortress Energy (NASDAQ: NFE), which lost 6.8 %.

Japanese “K” line (TSE: 9107) weakened by 3.8 %. NYK Line (TSE: 9101) lost 2.5 %, and MOL (TSE: 9104) declined by 1.8 %. GasLog Partners (NYSE: GLOP) weakened by 2.4 %.
Nevertheless, the UP Index trend remains growing.

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

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
error: Content is protected !!
×