Is This A Negative Week For LNG Shipping Stocks?


The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 4.89% last week. U.S. stocks represented by the S&P 500 index lost 4.77%, reports UP Indices.

A deep plunge

The negative end of last week pushed the UP Index to a deep loss. This decline was in synchronization with the U.S. and other stock markets.

The biggest decline was suffered by New Fortress Energy (NYQ: NFE), which lost over 14%. Excelerate Energy (NYSE: EE) and Golar LNG (NYQ: GLNG) lost over both 8%, the second and third biggest losses. Japanese “K” line (TSE: 9107) decreased by 6.2%.
Other losses were smaller – GasLog Partners (NYSE: GLOP) lost 4.9%, Dynagas LNG Partners (NYSE: DLNG) lost 4.3%, and Exmar (BSE: EXM) declined by 4.2%.

Before a large group of 2% decliners stands Flex LNG (NYSE / OSE: FLNG) and NYK Line (TSE: 9101) with a loss of around 3%. The 2%-losing group consists of Shell (NYSE: SHEL), Chevron (NYSE: CVX), bp (NYSE: BP), Capital Product Partners (NYSE: CPLP), and Mitsui O.S.K. Lines (TSE: 9104).


Two constituents of the UP Index moved up: SM Korea Line Corporation (KRX: 005880) and Norwegian Awilco LNG (OSE: ALNG), gaining 8.4% and 7.1%

Skepticism on the stock markets, world supply chain and rising inflation continue pushing world stock markets down. But remember that autumn and winter is the best season for LNG shippers.

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.

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Source: UP Indices


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