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

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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.

UPI & SPX

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.

Constituents

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