The UP World LNG Shipping Index (UPI), which tracks listed LNG shipping companies, showed a strong rebound in Week 44 of 2025, reflecting renewed investor confidence and confirmation of firm technical support in the sector.
Key Financial Drivers
The positive market sentiment is driven by strong fundamental performance and structural changes in the global fleet:
| Rate/Metric | Value/Change | Context |
| Spot Rate Increase (Weekly) | Up $26,000 | Now at $61,000 per day (reported by Spark Commodities). |
| Long-Term Contract Rate (General) | Above $80,000 per day | Confirms strong demand for modern tonnage. |
| Newbuild Contract Rate (CCEC) | Around $90,000 per day | Secured for a 10-year contract |
| UPI TCE Indicator | Around $70,000 per day | Reflects existing fleet contract rates tracked by the index. |
Fleet Rejuvenation and Retirement
The replacement of older steam vessels continues to tighten the available supply of active carriers:
- Currently Idle Fleet: 16% to 18% of first-generation steam vessels (approximately 35 ships) are standing idle without long-term or spot employment.
- Future Retirement Pipeline: 86 steam LNG carriers are due to come off long-term time charter contracts between now and 2030..
Constituent Performance Highlights
The market had a strong breadth, with the ratio of rising to falling companies at 13:5.
| Company (Ticker) | Movement | Weekly Change | Key Context |
| COSCO Energy Transport (SS: 600026) | Gainer | +10.0% | Recorded the most significant growth, continuing a summer trend. |
| Golar LNG (NYQ: GLNG) | Gainer | +7.7% | Gained after announcing an Argentine contract. |
| Tsakos Energy Navigation (NYSE: TEN) | Gainer | +4.64% | Broke through resistance and continues to grow. |
| Flex LNG (NYSE: FLNG) | Gainer | +3.96% | Reached one of its resistance levels. |
| Capital Clean Energy Carriers (NYQ: CCEC) | Decliner | -3.7% | Largest decliner among the large caps, despite securing a major new contract. |
| New Fortress Energy (NYQ: NFE) | Decliner | -25.0% | Recorded the most significant decline overall, returning to its support level. |
Long-Term Outlook
The outlook remains steadfastly positive in the long term, supported by the burgeoning demand for LNG and the potential for new long-term contracts. The short-term forecast, however, suggests a rise in volatility for the UPI’s constituent stocks.
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Source: LNG Shipping Stock
