The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, gained more than 4.25 points or nearly 4.65% last week. US stocks represented by the S&P 500 (SPX) index gained 2.74%. A recent article published in UP Indices Elaborates on this.
UP Indices Rises Up Way January 2020
UP World LNG Shipping Index continues its way to 100 points. This initial value is still the highest price as the UP Index started in January 2020 just before the COVID-19 fall.
The top gainers of last week are Dynagas LNG Partners LP and GasLog Partners LP followed by Japanese Kawasaki Kisen Kaisha. Dynagas gained over 31% and closed a week at $3.69. Nearly 17.5% gained GasLog. K line gained 12.3% and broke a 2014 high.
Other movers are Nippon Yusen Kabushiki Kaisha and Mitsui O.S.K. Lines, both from Japan. Their gains are 7.9% and 6.8%.
Norwegian Flex LNG gained over 5%
For more than 4% rose also Royal Dutch Shell, Chevron, and BP.
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Source: UP Indices
