UP World LNG Shipping Index Rises 3.24% Amid Positive Market Sentiment


The UP World LNG Shipping Index (UPI) gained 3.24% last week. Key drivers of this increase were Korea Line Corporation, Nakilat and Golar LNG, among others. The sentiment on LNG shipping remains positive.


Last week, UPI, which tracks listed LNG shipping companies, gained 5.09 points or 3.24%, closing at 162.36 points. In contrast, the S&P 500 index remained nearly the same, with a slight loss of 0.08%. The chart below illustrates this divergence in performance.

Most public-listed LNG shipping companies continued rising last week, allowing UPI to return to the top 2024 levels above 165 points. There was only one double-digit rise; the rest of the gains were mostly lower than 5% and started with number three. That means many constituents joined the rise, confirming the coming summer season.

Our UPI TCE data follow the real charters of UPI´s constituents, and we update these metrics every quarter. To see the dynamic of freight charters, we publish Spark Commodities indices: Atlantic rates rose to $87,000 per day, while Pacific rates rose by $4,000 to $51,750. This increase in rates confirms rising activity in LNG shipping. The outlook for LNG shippers remains optimistic.


Last week, the market mainly saw lower single-digit gains and a few higher gains. However, three stocks saw significant increases. Korea Line Corporation (KRX: 005880) experienced substantial growth, a nearly 30% increase at 28.7%. This marks the fourth instance of significant growth for KLC since the end of last year. Moreover, this time, the rise was accompanied by above-average trading volume.

The next huge growth made Nakilat (QSE: QGTS) and Golar LNG (NASDAQ: GLNG). Both gained around 8.5%, continuing the rise based on previous positive information.

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Source: Lngshippingstocks