- LNG shipping index fell 1.44% to 160.04 points, breaking short-term support
- Spot LNG charter rates dropped below $100,000/day
- Most stocks remain range-bound despite broader weakness
The UP World LNG Shipping Index ended the week down 1.44% at 160.04 points, slipping below last week’s support level of 160.72, though still holding above the 160 mark. The decline was broad, with 16 stocks falling and only 5 rising, and a median move of -1.53%. In contrast, the S&P 500 edged up 0.1%, highlighting the sector’s underperformance.
Stock Moves and Sector Signals
The sharpest fall came from Tsakos Energy Navigation, down 6.1%, signalling a potential shift in trend. Several others dropped between 3–4%, including Korea Line (-4.16%), ADNOC L&S (-4.05%), and New Fortress Energy (-3.97%). Notably, Nakilat and Chevron closed in key support zones, an area usually tested briefly, suggesting caution as the year closes.
Rates and Market Conditions
Spot LNG charter rates slipped below the psychological $100,000/day level, while gas prices continued to weaken. Despite this, most listed LNG shipping companies remain in sideways trading ranges rather than showing clear breakdowns, pointing to consolidation rather than panic selling.
Outlook Heading Into Year-End
Overall market signals remain mixed. While the index shows short-term weakness, company-level charts suggest stability for now. Volatility is expected to rise in the near term, but the longer-term outlook stays constructive, supported by new liquefaction capacity, fleet renewal, and scrapping of older vessels.
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Source – UP-Indices
