The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 0.18% last week. US stocks represented by the S&P 500 Index gained 0.85%, reports Up-Indices.
About the 2021 gain
In 2021 the UP World LNG Shipping Index gained nearly 38%, and the UP World LNG Shipping Total Return Index that in count paid dividends gained 41.65%.
In the weeks around Christmas, the LNG shipping showed its necessity as the price spread between European and Asian Natural Gas prices turned tens of ships to Europe. As NG is a global commodity, the winter rise of NG prices in Europe might copy the old Asian pattern.
Significant rise recorded
The last week of the year was relatively calm with low volume.
The Norwegian Awilco LNG ASA (OSE: ALNG) was the only stock that rose significantly. Its stocks gained 9%.
The second most significant rise belongs to two companies from different parts of the World: Flex LNG (NYSE: FLNG) and SM Korea Line Corporation (KRX: 005880). Both gained around 3.1 %.
The 2 losing companies
Finally the most losing were also two companies. New Fortress Energy (NYSE: NFE) lost 4.4% and Russian PAO Sovcomflot (ME: FLOT) 4%.
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Source: Up-Indices
