This website offers free weekly and quarterly reports based on the UP World LNG Shipping Index (UPI). UPI is a stock index of global companies that ship liquefied natural gas, founded in 2020.
The Index comprises 21 publicly traded LNG shipping companies like Nakilat, Golar LNG, Flex LNG, Dynagas Mitsui O.S.K. Lines, and Shell. We measure the performance of LNG shipping companies for investors, analysts, and LNG shippers. Visit UP-Indices.com for more information about UPI.
Weekly chart of the UP World LNG Shipping Index
Last update: April 18, 2026 (Source: UP-Indices.com)
Audio briefing
Listen to the LNG shipping market summary for week 15-26. (Published April 14, 2026)
All LNG shipping stocks in one index
UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies and partnerships involved in the maritime transport of liquefied natural gas (LNG).
The easing of tensions led to a decline
April 14, 2026: The UP World LNG Shipping Index lost 4.10 points (1.78%) in Week 15–2026, closing at 226.94 points, while the S&P 500 gained 3.56% — driven by optimism over a potential ceasefire with Iran. The UPI’s decline reflects three converging factors: easing geopolitical tensions, the end of the winter season, and falling spot tanker rates. Atlantic rates stood at $89,750/day and Pacific rates at $73,000/day according to Spark Commodities. The ratio of gainers to decliners was 7:13, and trading volume was at average levels — though even that remains double the historical norm following the recent surge.
Qatar’s gas infrastructure remains damaged and offline. According to Alex Froley of ICIS, 15 loaded LNG tankers are waiting in the Persian Gulf, ready to sail as soon as conditions allow. In comparison, Iran’s Revolutionary Guards turned back two tankers that attempted to pass through last week. Weekly exports from U.S. terminals reached 37 tankers — above the historical average of around 30. Korea Line Corporation led the gainers with a remarkable +29.3%, followed by New Fortress Energy (+23.16%) — more a return to high volatility than a trend reversal — and Nakilat (+9%), which moved back into its support zone. On the downside, Chevron fell 5.24%, while Mitsui O.S.K. Lines, Capital Clean Energy Carriers, and Flex LNG each declined around 4%. Looking ahead, the Q2 shortfall in LNG supplies will need to be addressed. The return to coal is viewed as temporary; longer shipping routes and geographic diversification of supply are structural tailwinds for the sector. Read or listen more…
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UPI above 230 points
April 7, 2026: The UP World LNG Shipping Index gained 6.67 points (2.97%) last week, closing at 231.04 points — surpassing the 230-point mark for the first time in its history — while the S&P 500 gained 3.36%, posting its first weekly gain in six weeks. The UPI has now recorded a 36% increase over the first three months of 2026, demonstrating resilience through two brief corrections, both of which were followed by stronger advances. Ten companies gained, nine declined, and one was unchanged; the median change was 0%. Trading volume remains above average, though gradually normalising. The initial shock to the LNG market is giving way to a lull, with spot tanker rates continuing to ease — Atlantic rates at $92,000/day and Pacific at $86,000/day according to Spark Commodities — driven by reduced demand and the first LNG production milestone at the Golden Pass terminal in Texas.
Tsakos Energy Navigation led the gainers with a +5.37% gain, returning to uncharted territory after its recent correction. COSCO Shipping Energy Transportation added 4.9%, while NYK Line rose 4.5% and ADNOC Logistics & Services gained 4.2%, rebounding from wartime support levels. The most notable declines were posted by Capital Clean Energy Carriers (–8%), New Fortress Energy (–6.56%), and Chevron (–5.77%). Golar LNG added 0.47%, supported by its ongoing strategic review with Goldman Sachs. The short-term outlook remains volatile; long-term fundamentals stay positive. Read or listen more…
Between two waves
March 31, 2026: The UP World LNG Shipping Index lost 4.40 points (1.92%), closing at 224.37 points, while the S&P 500 fell 2.12%. Despite a favourable ratio of gainers to decliners of 13:7, the decline was driven by larger index constituents, which either fell more sharply or rose only modestly — reflected in a median price change of just +0.66%. Trading volume remains well above average.
The convergence of European and Asian gas prices has temporarily closed the price arbitrage, pulling spot tanker rates lower: Atlantic rates fell to $96,500/day and Pacific rates to $108,000/day, according to Spark Commodities. Gas prices remain significantly above pre-war levels, at around $19.30/mmBtu in Asia and €55/MWh at the TTF hub in Europe. New Fortress Energy continued its post-restructuring slide, losing 21.8%, while Nakilat fell 8.45% amid the ongoing inability to export Qatari LNG. On the positive side, Tsakos Energy Navigation led the gainers with +6.89%, followed by Exmar (+6%). In comparison, Golar LNG added 4.48% — supported by its announcement that Goldman Sachs has been retained to explore strategic alternatives, including a potential sale of the company. The short-term outlook remains volatile; long-term fundamentals stay positive. Read or listen more…
A Volatile Week of Growth
March 24, 2026: The UP World LNG Shipping Index gained 16.49 points (7.77%) last week, closing at 228.77 points — just shy of the 230-point mark — while the S&P 500 fell 1.90%. The advance was driven by a further escalation in the gas crisis: Iran’s retaliatory attack on the Ras Laffan complex damaged 17% of Qatar’s LNG export capacity, with restoration expected to take up to five years. Spot rates remain high at around $180,000 per day, and longer shipping distances are driving demand for additional tankers. The ratio of gainers to decliners was 12:8, with a median gain of 4.94% and trading volume roughly double the average.
Golar LNG led the index with a 22.66% surge, followed by Mitsui O.S.K. Lines (+14.1%) and NYK Line (+9%). Korea Line Corporation, Dynagas LNG Partners, and COSCO Shipping Energy Transportation each gained around 6–7%, while Tsakos Energy Navigation and Flex LNG both posted approximately 5% gains. New Fortress Energy suffered the steepest decline, falling nearly 28% following its restructuring announcement, which dilutes existing shareholders’ stake to 35%. Awilco LNG lost over 10% as the market continued to digest its capital raise and strategic pivot. The short-term outlook remains volatile; long-term fundamentals stay positive. Read or listen more…
A brief calm
March 17, 2026: The UP World LNG Shipping Index declined 6.94 points (3.16%) last week, closing at 212.28 points — its first weekly loss since the start of the year — while the S&P 500 fell 1.60%. The ratio of gainers to decliners was 6:13, though most companies recorded smaller losses than their gains the previous week. Markets are beginning to absorb the initial shock of the Iran conflict, waiting for future development: spot tanker rates have eased but remain attractive at around $160,000 per day, and efforts to replace Qatari gas are underway, with a first tanker sailing from the US around the Cape of Good Hope to Asia for the first time in a while.
Awilco LNG, last week’s top gainer, led the decliners as the market continued to digest the announced capital raise and strategic pivot into LNG trading. COSCO Shipping Energy Transportation gave back 12.4% after two consecutive weeks of 20% gains. Further notable declines were posted by Excelerate Energy (–6.59%), Capital Clean Energy Carriers (–6%), and Flex LNG (–5.3%). On the positive side, Shell (+5.58%), BP (+5.5%), and Chevron (+3.62%) advanced, as did all three Japanese majors. The short-term outlook remains risk-elevated; long-term fundamentals stay positive. Read or listen more…
Riding the shockwave
March 10, 2026: The UP World LNG Shipping Index gained 10.41 points (4.99%) last week, closing at 219.21 points, while the S&P 500 fell 2.02%. The de facto closure of the Strait of Hormuz and the interruption of Qatar’s LNG production triggered a sharp spike in spot rates and roughly quadrupled trading volumes, with LNG shipping companies largely benefiting from the turbulent conditions.
Among the 20 constituents, gainers outnumbered decliners 14:6. Awilco LNG led with a 61% surge on full spot market exposure. At the same time, COSCO Shipping Energy Transportation rose over 20% for the second consecutive week, and Flex LNG gained 10.65%. On the downside, Excelerate Energy fell 10% following results, and Nakilat declined 7.71%. The short-term outlook remains risk-elevated; long-term fundamentals stay positive. Read or listen more…
The hardest test ever
March 3, 2026: The UP World LNG Shipping Index gained 14.27 points (7.34%) to close at 208.80 in Week 9–2026, surpassing the 200-point mark for the first time in history, while the S&P 500 fell 0.44%. Geopolitical tensions in the Middle East drove the extraordinary advance.
Among the 20 index constituents, COSCO Shipping Energy Transportation led the gainers, rising over 21% following the Lunar New Year holidays, while Tsakos Energy Navigation added 13.32%. Japanese majors also advanced strongly: Mitsui O.S.K. Lines rose 6.6%, “K” Line gained 4.47%, and NYK Line added 2.95%. The integrated energy companies Shell, BP, and Chevron posted moderate gains. On the downside, New Fortress Energy fell 10.66%, Awilco LNG declined 6.89%, and Korea Line Corporation lost 5.86%. In the short term, geopolitical risks remain elevated; the long-term outlook for the sector remains positive, supported by vessel scrapping and the addition of new liquefaction capacity. Read or listen more…
Broad-based gains push index within striking distance of 200
February 24, 2026: The UP World LNG Shipping Index surged 2.65% to close at 194.53 points, marking another week of powerful gains and bringing the index within just 6 points of the historic 200-point milestone. Combined with the previous week’s 3.3% advance, the index has now gained nearly 6% over the past fortnight, significantly outpacing the S&P 500’s 1.07% weekly gain. Most notably, last week’s rally was remarkably broad-based, with 19 stocks rising against just one decliner, while the previous week saw 14 gainers and six losers. This balanced participation across virtually all constituents signals healthy, sustainable growth rather than a rally driven by a handful of breakout stocks.
Last week’s standout was Tsakos Energy Navigation, which posted a 9.99% gain, narrowly missing double digits. A cluster of five companies posted gains of 5% to 6.5%: Korea Line Corporation (now up for seven consecutive weeks), Mitsui O.S.K. Lines, Flex LNG, Golar LNG, and Dynagas LNG Partners. Both Flex LNG and Golar LNG broke above key resistance levels, though Golar’s move came on below-average volume. Flex LNG’s quarterly results confirmed strong fundamentals with its 18th consecutive $0.75 dividend, though the February 27 ex-dividend date may trigger short-term weakness. The previous week saw two companies achieve double-digit growth: Excelerate Energy surged 12.75% to new all-time highs, while Capital Clean Energy Carriers gained 11.09%. Both continued their momentum last week, with Excelerate adding 0.74% and CCEC rising 1.58%. The sole decliner last week was ADNOC Logistics & Services, which broke support below, down 3.88%. Spot rates and gas prices have stabilised, but geopolitical risks remain elevated. The long-term outlook remains positive, supported by steam vessel scrapping and new liquefaction capacity additions. Read or listen more…
Steady gains amid stabilising rates and landmark Qatar-Japan deal
February 10, 2026: The UP World LNG Shipping Index edged higher by 0.59% to close at 183.44 points, extending its record-breaking run and setting yet another all-time high. While the gain was modest compared to recent weeks, the index continued to outperform the S&P 500, which slipped 0.1%. Trading volume remained above average with a balanced 10:9 ratio of advancing to declining stocks, reflecting consolidation after the previous week’s strong rally. Japanese shipping companies led the gains, with Mitsui O.S.K. Lines and “K” Line both posting 5% increases, while Golar LNG recorded its sixth consecutive weekly gain at 4.14%.
The week’s most significant development was the landmark 27-year LNG supply agreement between QatarEnergy and Japan’s JERA for 3 million tonnes per annum, marking the return of substantial Qatari gas supplies to one of the world’s largest LNG consumers and reinforcing the strategic importance of long-term contracts in the sector. Warmer temperatures across Europe and Asia led to lower gas prices and stabilised spot tanker rates at the previous week’s levels. On the downside, Awilco LNG fell 8.4% as low spot rates continued to weigh on the company, while Capital Clean Energy Carriers and New Fortress Energy also posted losses. The long-term outlook remains positive, supported by steam vessel scrapping and new liquefaction capacity additions, though weather, quarterly earnings, and geopolitical events will drive near-term volatility. Read or listen more…
Strong rise and new all-time highs
February 3, 2026: The UP World LNG Shipping Index surged 4.05% to close at 182.36 points, breaking through the 180-point barrier for the first time in history and setting new all-time highs. This strong performance contrasted sharply with the S&P 500, which gained 0.3% over the same period. Trading volume remained well above average with a decisive 15:4 ratio of advancing to declining stocks, as several constituents broke through key resistance levels on elevated volume. COSCO Shipping Energy Transportation led gains with a 10.6% rise, followed by Chevron at 6.1%, while oil majors Shell and BP also posted solid advances above their respective resistance levels.
The sector’s rally comes amid challenging fundamentals for spot charter markets, with Atlantic rates continuing their decline to $11,000 per day according to Spark Commodities. Freezing weather across Europe has increased gas consumption, although suppliers are drawing from storage rather than purchasing at elevated prices, leaving EU storage at around 42% capacity. New Fortress Energy remained the notable laggard, plunging 23.56% amid ongoing restructuring concerns, while Dynagas LNG Partners and Awilco LNG also posted losses. The outlook remains positive in the long term, supported by steam vessel scrapping and additions to liquefaction capacity, though near-term volatility is expected to persist given weather patterns, natural gas prices, quarterly earnings, and geopolitical developments. Read or listen more…
Older Reports
Close to all-time highs
January 27, 2026: The UP World LNG Shipping Index, which tracks listed LNG shipping companies, gained 2.08 points (1.20%), closing at 175.26 points, while the S&P 500 index lost 0.35%. UPI is less than a point away from its historic high of 176.15 points after rising for five consecutive weeks. This proximity has caused a slight slowdown in individual companies, and volume was only slightly above average.
New Fortress Energy led gains with 22.54% growth, closing above the range in which it had been trading since November. Excelerate Energy confirmed its previous breakout with 8.5% growth. On the downside, Awilco LNG lost 4.48% to support, and NYK Line fell 2.5% as the only Japanese company to decline. Spot rates continue to fall sharply, especially in the Atlantic, where the closed US-Asia arbitrage is directing cargoes to Europe. Our long-term outlook remains positive. Read or listen more…
Breakout above resistance as sector defies spot rate decline
January 20, 2026: The UP World LNG Shipping Index, which tracks listed LNG shipping companies, gained 3.64 points (2.15%), closing at 173.18 points, while the S&P 500 index lost 0.38%. UPI broke through the 172-point resistance level on its first attempt and is now approaching its all-time high of 176.15 points set in September 2024. All but four companies rose, with a median gain of 2.76% and above-average volume. Spot rates continue to fall sharply, with Atlantic rates down $21,000 to $26,250 and Pacific rates down $3,000 to $41,250, according to Spark Commodities.
New Fortress Energy and COSCO Shipping Energy Transportation achieved double-digit growth at 20.34% and 10.39%, respectively. Excelerate Energy rose 9.16%, setting a new all-time high. On the downside, only Japanese companies lost ground, with Mitsui O.S.K. Lines falling 3.62%, K Line dropping 3.59%, and NYK Line losing 2.35%. Geopolitical events continue to destabilise markets, but if spot rates rise again, as we expect, it will be positive for the shippers. Our long-term outlook remains positive. Read or listen more…
Strong rally tests resistance amid rising volatility
January 13, 2026: The UP World LNG Shipping Index, which tracks listed LNG shipping companies, gained 4.58 points (2.78%), closing at 169.54 points, while the S&P 500 index gained 1.57%. UPI has strengthened significantly within a long-term sideways range, with trading volume reaching record levels. The median growth was 2.53%, and the ratio of rising to falling stocks was 16:5. Cool Company was delisted from both exchanges after completing its merger with EPS Ventures.
Among constituents, Tsakos Energy Navigation led gains with almost 15% growth, while COSCO Energy Shipping strengthened by almost 9%, and Excelerate Energy gained nearly 7.5%. On the downside, Shell lost the most at -6.1%, followed by ADNOC Logistics & Services (-5.25%) and BP (-4.3%). Spot rates continue to decline, but rising geopolitical risk may push gas prices and rates higher. Our long-term outlook remains positive. Read or listen more…
2026 opens with modest gains
January 6, 2026: The UP World LNG Shipping Index gained 0.88% to 164.96 points in the first week of 2026, outperforming the S&P 500’s 1.03% decline. The recovery was modest, with 12 constituents rising against nine falling. The median movement was +0.73%, though volume remained below average, at summer levels. UPI continues trading sideways near long-term support—a pattern established throughout 2025 and persisting into the new year. This marks a critical year for the sector as new LNG capacity ramps up and the theory of shifting contract ratios from long-term to spot begins its first real test.
BP led the gains at 4.55%, followed by Chevron (+3.92%) and Shell (+3.61%), though their limited LNG fleets limit UPI impact. Golar LNG’s 2.43% rise carries more weight at 20% of the index, though it remains precariously at support. The Japanese trio posted modest gains of 1-2%, while Nakilat recovered 1.1% to a 5-week high on very low volume. On the downside, Awilco LNG fell 6.84%, New Fortress Energy dropped 5.13%, and Tsakos Energy Navigation declined 2.7%—with the latter’s warning of a potential change in the downward trend remaining valid as it tests support levels. Spot charter rates continued to decline to $71,000/day (Atlantic) and $55,000/day (Pacific) per Spark Commodities, though Europe’s significant cold spell supports demand. With Q4 earnings approaching and new capacity coming online, 2026 promises to test the sector’s resilience. Read or listen more…
Year ends with tentative recovery
December 30, 2025: The UP World LNG Shipping Index rebounded 2.17% to 163.52 points in the final week of 2025, recovering from last week’s support breach as the S&P 500 gained 1.4%. The recovery was broad-based, with 15 constituents rising and six falling, and the median movement was +1.55%, though holiday-thinned volume limited conviction. UPI finishes the year down 3.43%, having spent most of 2025 trading sideways near support despite external market factors—a pattern that, if continued through Q1 or Q4 earnings, could signal a reversal of our long-term optimistic outlook.
Excelerate Energy led gains with a 4.15% rise, followed by ADNOC L&S at 3.17%, though both remain in sideways patterns. The Japanese trio posted solid gains of 2.6-2.7%, while Nakilat recovered 2.6% from last week’s grey zone close, though the situation remains fragile on low volume. New Fortress Energy fell 3.31%, Korea Line dropped 3.19%, and Golar LNG declined 2.73%. Critically, spot charter rates continued to decrease to $80,000/day, according to Spark Commodities. The final week brought calm development with average growth below 2%, leaving UPI and several constituents dangerously close to support as we enter 2026. Read or listen more…
Support breach raises questions
December 23, 2025: The UP World LNG Shipping Index fell 1.44% to 160.04 points, breaking last week’s critical support at 160.72 points, but still stayed above 160 points. The S&P 500 gained 0.1%. The decline was broad-based, with 16 constituents falling against only 5 rising, and the median movement was -1.53%. However, a closer look at individual company charts reveals a paradox: most constituents continue trading in established sideways ranges rather than breaking down, suggesting the index-level support breach may not yet signal a broader trend change.
Tsakos Energy Navigation suffered the steepest decline at 6.1%, ending its growth attempt and emerging as the most likely candidate for a trend change. Korea Line fell 4.16%, ADNOC L&S dropped 4.05%, and New Fortress Energy declined 3.97%, with most returning to sideways consolidation patterns. Critically, both Nakilat and Chevron closed in grey support zones—areas typically visited briefly—raising caution flags. Spot charter rates fell below the psychologically significant $100,000/day threshold while gas prices continued their decline. With only Dynagas LNG Partners (+3.43%), Golar LNG (+3%), and COSCO Shipping (+1.75%) posting gains, the divergence between index-level weakness and company-level consolidation creates an unclear picture heading into year-end. Read or lsiten more…
Support worked again
December 16, 2025: The UP World LNG Shipping Index rebounded 1.03% to 162.37 points, recovering from last week’s long-term support test, while the S&P 500 declined 0.63%. However, the recovery remains tentative—UPI sits just above critical support levels, and the week’s median movement was precisely zero, reflecting a market in equilibrium. Trading volume dropped below its recent average, suggesting limited conviction behind the modest gains.
Japanese shipping companies drove the week’s recovery, with Mitsui O.S.K. Lines rising 3.86%, “K” Line gaining 3.15%, and NYK Line up 2.44%. New Fortress Energy gave back recent gains with a 19.75% decline, while Awilco LNG and Tsakos Energy Navigation each fell approximately 5.1%. Gas prices continued their decline across all markets, including Henry Hub, while spot charter rates edged marginally lower but remain elevated. All gains occurred within established sideways trading ranges, underscoring the week’s quiet, consolidative nature. Read or listen more…
On the cusp of change
December 9, 2025: The UP World LNG Shipping Index fell 1.05% to 160.72 points, reaching its long-term support level. The S&P 500 gained 0.31%, continuing the divergence between broader markets and LNG shipping stocks. Trading volume hit a record high, signalling strong investor engagement at this crucial technical level.
New Fortress Energy led gains with a 29% surge, while Korea Line Corporation jumped 14% on very high volume, breaking out of its summer sideways range. On the downside, COSCO Shipping Energy Transportation fell 5.3% to support levels. Natural gas prices continue to diverge: Asian JKM declined to $10.66/mmBtu—near the threshold that attracts smaller buyers—while Henry Hub surpassed $5/mmBtu. Despite fundamentals remaining robust, with Atlantic spot rates at $130,000/day, most companies now stand on the cusp of change, testing support levels that will determine the sector’s next direction. Read or listen more…
Strong fundamentals meet weak performance
December 2, 2025: The UP World LNG Shipping Index fell 0.77% to 162.42 points, sharply underperforming the S&P 500’s 3.73% gain. The divergence was stark: while the broader market broke through resistance into an uptrend, UPI approached its long-term support level. Capital Clean Energy Carriers led gains with an 8.09% rise, while Flex LNG dropped 5.69% on an ex-dividend day.
Despite weak price action, fundamentals remain robust. Spot charter rates climbed to approximately $150,000 per day in the Atlantic and over $89,000 per day in the Pacific, while UPI TCE held above $70,000 per day with Q4 estimates around $74,000 per day. Trading volume reached the third-highest level in weeks, confirming strong investor interest. The persistent question: What else needs to happen for LNG shipping stocks to rise? Read or listen more…
Winter demand lifts spot rates
November 25, 2025: The UP World LNG Shipping Index fell 2.63% to 163.68 points, underperforming the S&P 500’s 1.95% decline. Despite the market weakness, spot rates surged from $100,000 to $170,000 per day, driven by European winter demand and the LNG price spread between Europe and Asia. Capital Clean Energy Carriers led decliners with a 7.58% loss, while COSCO fell 6.14% and Golar LNG dropped 5.9%, breaking below support after concerns about revenue following its quarterly results.
New Fortress Energy rebounded 15.24% to lead gainers. In comparison, Awilco LNG rose 9.12% after strong quarterly results showed its average TCE rising from $42,600 to $57,800, driven by higher spot rates and improved vessel utilisation. The ratio of declining to rising stocks stood at 14:7 with a median movement of -1.06%. While stock volatility remains elevated amid turbulent US markets, the surge in spot rates may create buying opportunities for companies with ships on the spot market. Read or listen more…
Volatile recovery
November 18, 2025: The UP World LNG Shipping Index (UPI) gained 0.57% to 168.10 points, outperforming the S&P 500’s 0.08% rise. However, this masks significant intraweek volatility as many stocks reversed early declines. Awilco LNG led gainers with nearly 5%, its first rise in six weeks. COSCO Shipping Energy Transport added over 4%, while Tsakos Energy Navigation gained 3.29%, breaking short-term resistance. New Fortress Energy crashed 21% after postponing results amid creditor negotiations.
The week’s key story was widespread reversals from intraweek lows across Chevron, Excelerate Energy, Flex LNG, Golar LNG, and the Japanese trio, suggesting underlying buying pressure. Fundamentals remain supportive with spot rates above $82,000/day. Trading volume remains elevated, and despite short-term volatility, market pressure appears to be pointing upward. Read or listen more…
Earnings drive the week
November 11, 2025: The UP World LNG Shipping Index fell 1.98% to 167.15 points, underperforming the S&P 500’s 1.63% decline. Eight companies grew while thirteen weakened, with pure LNG shippers generally outperforming diversified players. The week was dominated by earnings releases showing mixed results—Golar LNG suffered the most significant loss at over 6%, while Excelerate Energy led gainers with 6.4% growth. The index has returned to its previous trading range after rejecting the late-summer rise, with firm support in place. Short-term volatility is expected among constituents, though the long-term outlook remains positive, driven by burgeoning LNG demand and potential new contracts. Read or listen more…
UPI rebounds above 170: LNG shipping stocks regain momentum
November 4, 2025: This rebound underscores renewed investor confidence in LNG shipping and confirms the strength of support at 160 points. Strong quarterly results, rising spot and long-term charter rates, and the gradual replacement of older steam vessels all contributed to the positive sentiment. Most UPI constituents advanced, led by COSCO Energy Transport and Golar LNG, while only a few—most notably New Fortress Energy—declined. With firm technical support and increasing volatility, the outlook remains optimistic in the longer term. Read or listen more…
Range‑bound growth continues
October 28, 2025: The UP World LNG Shipping Index added 2.39 points (1.45 %), closing at 166.75 points, while the S&P 500 gained 1.92 %. Trading volume picked up, and fourteen of the index’s twenty‑one constituents rose, with a median move of +1.68 %.
The best performer was Korea Line Corporation, up 7.73 %, and MISC also rebounded strongly after a several‑week decline. Four companies gained around 4 %: Shell (+4.48 %), BP (+4.26 %), Tsakos Energy Navigation (+4.16 %) and ADNOC L&S (+4.06 %). Japanese carriers NYK Line (+3.1 %), “K” Line (+3 %) and MOL (+3.4 %) all advanced within sideways ranges, while Nakilat rose 1 %, averting a decline.
On the downside, New Fortress Energy plunged 10.42 %, the only double‑digit move of the week. Excelerate Energy corrected 3.4 %, Capital Clean Energy Carriers slipped 2.6 % and Flex LNG eased 0.64 %.
After rebounding from its long‑term support, the UPI remains within a 161–170 point trading range, and the late‑summer rally has been fully unwound. Short‑term volatility is likely to increase, yet the long‑term outlook for LNG shipping remains constructive. Read or listen more…
Support levels prove their importance
October 21, 2025: The UP World LNG Shipping Index gained 2.24 points (+1.38 %), closing at 164.36 points as it bounced off its key 161‑point support.
Trading volume increased notably, and thirteen of the twenty‑one constituents advanced, resulting in a median change of +1.38 %.
Top performers included Capital Clean Energy Carriers (+10.71 %), Tsakos Energy Navigation (+6.32 %) and Japan’s “K” Line (+4 %). Moderate gains were recorded by Flex LNG (2.9 %), Chevron (≈2.8 %), NYK Line (1.4 %) and Dynagas LNG Partners (1.4 %).
On the downside, Awilco LNG and ADNOC L&S each slipped more than 4.5 %, while MISC (-3.4 %), Nakilat (-2.8 %), COSCO Shipping Energy (-0.8 %) and Golar LNG (-2.4 %) also fell. The index remains in a long‑term trading band of 161–170 points; although the late‑summer rally has been reversed, long‑term prospects for LNG shipping remain positive. Read or listen more…
Testing support levels
October 14, 2025: The UP World LNG Shipping Index (UPI) fell by 2.86 per cent to 162.11 points, extending its recent losses and approaching a major long-term support zone. The decline mirrored weakness across global equities, with the S&P 500 down 2.43 per cent.
Almost all constituents weakened, led by New Fortress Energy’s sharp 24 per cent drop, while only a few, including Excelerate Energy and Cosco Shipping Energy, managed modest gains. The late-summer rally has now been fully reversed, and the UPI has returned to its earlier trading range, though long-term prospects for LNG shipping remain constructive. Read or listen more…
UPI falls below 170 points
October 7, 2025: The UP World LNG Shipping Index (UPI) fell by 2.18% to 166.89 points, dropping below the 170-point threshold for the first time in months. The decline was mainly driven by a sharp pullback in Japanese carriers, with Mitsui O.S.K. Lines, “K” Line, and NYK Line all decreasing between 5% and 7%. Oil majors BP and Chevron also weakened by around 4%, which weighed on sentiment.
Despite the correction, several stocks showed resilience. New Fortress Energy recovered 16.6%, regaining early-September levels, while ADNOC L&S hit a new all-time high with a 4.15% increase. Cool Company continued to edge closer to its buyout price, while Excelerate Energy attempted to rekindle its upward trend.
Overall, the UPI’s decline signals the end of late-summer momentum and a return to its broader trading range. Nonetheless, underlying support remains robust, supported by long-term fundamentals for LNG shipping — demand growth, fleet renewal, and new terminal capacity — which keep the outlook positive. Read or listen more…
Correction and CoolCo’s exit
September 30, 2025: The UP World LNG Shipping Index (UPI) slipped 0.98% to 170.61 points, holding just above the key 170 threshold. The week was dominated by news of CoolCo’s planned delisting, which drove its shares up 18.5%. Awilco LNG also surged 11.1%, while Excelerate Energy, BP, and Shell posted moderate gains.
By contrast, New Fortress Energy plummeted nearly 10%, while Exmar and Cosco corrected their losses. Asian carriers — including Nakilat, MISC, and the Japanese trio — continued to weaken further. Dynagas LNG Partners also retreated, giving back optimism from earlier results. Read or listen more…
Unsteady growth
September 23, 2025: The UP World LNG Shipping Index (UPI) extended its advance, rising 0.85% to 172.14 points and moving further above the key 170 threshold. The index now stands just six points below its all-time high, underscoring the sector’s resilience even amid mixed individual stock performances.
We have titled this commentary “unsteady growth”. Although it may seem contradictory, this most accurately describes the events of the past week in the LNG shipping sector. Efforts to achieve more substantial growth often resulted in growth gaps at opening prices, but further expansion was rejected during the week, and prices ended up lower than at the opening. Nevertheless, several companies closed higher than their previous week’s closing prices. Read or listen more…
Growth persists
September 16, 2025: The UP World LNG Shipping Index (UPI) increased by 0.85% to 172.14 points, moving further above the important 170 mark and coming within six points of its all-time high. Growth was led by smaller-weighted companies such as COSCO Shipping Energy (+9.1%), SM Korea Line (+6.7%), and Awilco LNG, which is recovering from earlier setbacks.
On the downside, Golar LNG dropped 8% after unwinding pressure, Nakilat decreased by 1.1%, and Capital Clean Energy Carriers fell 5.6% and is below its support. The biggest shock came from New Fortress Energy, plunging 46.5% on weak results. Oil majors diverged, with Chevron rising while BP and Shell retreated.
Overall, the index’s rise indicates sector maturity: although headline growth has slowed compared to previous surges, resilience above 170 points suggests a stable foundation. Short-term volatility may still happen, but the long-term outlook remains positive due to increasing demand, global fleet renewal, and upcoming new liquefaction capacities. Read or listen more…
Rebound keeps UPI above 170 threshold
September 9, 2025: The UP World LNG Shipping Index (UPI) increased by 0.34% to reach 170.70 points, recovering from previous losses and remaining above the crucial 170-point mark. Despite global uncertainties and anticipated near-term volatility, the long-term outlook for LNG shipping remains positive. Factors such as demand growth, policy changes, and new contracts are likely to influence its future direction. Read or listen more…
Quiet index, active market battles
September 2, 2025: LNG shipping stocks eased slightly last week, with the UP World LNG Shipping Index (UPI) dipping 0.35% to 170.11 points while still holding above the key 170 threshold. Trading volumes remained elevated, pointing to vigorous underlying activity even in a generally quiet week. The steepest losses came from New Fortress Energy, which fell 6.8%, while Nakilat slipped 2.3% below its support level. MISC and Cosco Shipping Energy also tested key levels with declines of 3–4%. On the positive side, Exmar rose 8.8%, Awilco LNG advanced 7.3%, and Tsakos Energy Navigation extended its uptrend with a 4% gain. ADNOC LS and Flex LNG also contributed to recent growth, while Japanese carriers largely remained unchanged. Overall, rising volumes suggest that despite muted index movement, underlying battles over the sector’s next direction are intensifying. Read or listen more…
UPI is back above 170 points
August 26, 2025: LNG shipping stocks strengthened last week, with the UP World LNG Shipping Index (UPI) climbing 1.55% to 170.72 points, breaking above months of resistance. Trading volumes were notably higher, and gains were broadly shared across the sector, underscoring the industry’s maturity and resilience within the global energy mix. New Fortress Energy led the rally with a 14.5% surge, followed by Golar LNG at 11%, both rebounding strongly from their respective support levels. Norwegian names Cool Company and Flex LNG also advanced sharply, while Tsakos Energy Navigation closed above resistance with solid momentum. Among majors, BP, Chevron, and ‘K’ Line broke through technical resistance, with Shell and NYK Line approaching similar thresholds. On the downside, Exmar and Awilco LNG both recorded double-digit losses, and Nakilat and Adnoc corrected slightly but remained in broader uptrends. Overall, the breakout above 170 points signals renewed investor confidence, although rising geopolitical risks indicate likely volatility ahead. Read or listen more…
Still below the resistance
August 19, 2025: LNG shipping stocks were little changed last week, with the UP World LNG Shipping Index (UPI) inching up 0.08% to 168.11 points, holding just below long-term resistance. Trading volume eased and sentiment remained fragile, with short-term nervousness stemming from geopolitical uncertainty. Still, seasonal demand patterns suggest that there will be eventual upward pressure. Among constituents, ADNOC LS stood out with a 9.3% gain, returning to levels last seen in January, while Japan’s “K” Line broke through resistance in a modest but significant 2.1% rise. Mitsui O.S.K. Lines and NYK Line added 0.9% each, alongside small gains for Exmar, Awilco LNG, and Cool Company. On the downside, New Fortress Energy plunged 15.3% on delayed results and weaker revenues, while Capital Clean Energy Carriers slid 10.2%. Korea Line, Dynagas LNG Partners, and Cosco Shipping Energy also softened near their support levels. Overall, the sector remains in a holding pattern, awaiting a decisive move above or away from the resistance. Read or listen more…
Near resistance with mixed breakout attempts
August 12, 2025: LNG shipping stocks edged higher last week, with the UP World LNG Shipping Index (UPI) rising 0.95% to 167.97 points, stopping just below long-term resistance. Trading was more volatile than the headline figure suggests, with gains in Japanese companies concentrated late in the week, while several U.S.-listed names faded on Friday. BP broke through key levels with a 7.5% rise, joined by Adnoc L&S, MISC, and Capital Clean Energy Carriers among the stronger performers. Tsakos Energy Navigation and ‘K’ Line tested resistance but failed to break higher, and most other movers remained in sideways patterns. The week’s steepest loss came from Exmar, down 17.5% on a share issue and special dividend, followed by declines in Excelerate Energy and New Fortress Energy. Despite mixed individual results, several companies appear to be positioning for a potential breakout if market conditions align. Read or listen more…
Modest index decline masks volatile moves
August 5, 2025: LNG shipping stocks posted a slight decline last week, with the UP World LNG Shipping Index (UPI) edging down 0.34% to 166.39 points against a sharper drop in the S&P 500. Despite the modest move, market dynamics were lively, driven by significant swings in individual stocks. Notably, New Fortress Energy plunged 25.3%, while Awilco LNG, Cool Company, and Flex LNG recorded double‑digit gains, all testing key resistance levels amid higher trading volumes. Japanese carriers, Nakilat, and Chevron hovered near resistance but failed to break through. Broader sentiment improved as fears over spot rates eased, and new index constituents from ADNOC and COSCO promise to expand sector coverage going forward. Read or listen more…
Japan leads charge as UPI nears resistance
July 29, 2025: LNG shipping stocks surged last week, with the UP World LNG Shipping Index (UPI) climbing 2.98% to 166.96 points, returning above a key support level and approaching long-term resistance near 170. Higher trading volume accompanied the move, signaling renewed investor engagement amid an otherwise narrow trading band. Technical indicators, including a break above weekly moving averages and the backdrop of a new EU–US LNG agreement, suggest a potential shift toward further upside. Gains were concentrated in Japanese shipping companies—“K” Line, Mitsui O.S.K. Lines, and NYK Line—while Chevron and Exmar also contributed. Shell and Tsakos Energy Navigation posted modest advances, but declines in New Fortress Energy and Excelerate Energy offset some of the broader strength. With several stocks nearing significant resistance levels, the sector is poised for decisive movement in the weeks ahead. Read or listen more…
Support break in a quiet market
July 22, 2025: LNG shipping stocks declined last week as the UP World LNG Shipping Index (UPI) fell 1.36% to 162.14 points, breaking through a key support level it had hovered near in recent weeks. The index continues to drift within a narrow range, reflecting an extended period of sideways movement and subdued investor activity. Trading volumes remain below average, with broader sector sentiment still in a preparatory phase. Most constituent moves were moderate, but the overall ratio tilted strongly negative at 14 to 5. Tsakos Energy Navigation led decliners with an 8.2% drop, followed by Chevron and Exmar. On the positive side, New Fortress Energy stood out once again, gaining 10.1% amid otherwise limited upward movement. Despite the week’s overall softness, the tone remains seasonally quiet rather than structurally pessimistic. Read or listen more…
A holiday week
July 15, 2025: LNG shipping stocks remained virtually flat last week, with the UP World LNG Shipping Index (UPI) dipping just 0.04% to 164.37 points, effectively sliding along its support level. While the market was quiet—reflecting a typical holiday week—underlying activity continues to suggest preparation for seasonal demand shifts, especially in Europe and China. Notably, European spot LNG rates rose while Asian rates declined, highlighting regional contrasts. Within the index, more minor constituents drove gains, while two of its most prominent members, Golar LNG and Nakilat, posted modest losses. Korea Line Corporation led the risers with an 11% surge, followed by strong performances from BP and Chevron. Meanwhile, Excelerate Energy broke below key support with a 6.4% drop. Despite low volume and subdued movement, the market appears to be gathering strength for its next directional push. Read or listen more…
Sideways drift with sparks of momentum
July 8, 2025: LNG shipping stocks remained largely stagnant last week, with the UP World LNG Shipping Index (UPI) inching down 0.16% to 164.43 points, even as the broader S&P 500 posted a solid gain. The index reflected a market in pause—more companies gained than lost, but volume dropped significantly, signalling summer-season hesitancy and growing investor uncertainty. Beneath the surface, however, volatility is quietly building. New Fortress Energy stood out with a dramatic 64% surge on news of a Puerto Rico contract, while several U.S.-listed companies continued steady gains. Losses were modest and tied mainly to corrections of earlier growth. With winter procurement on the horizon and shifting supply dynamics, the market appears ready for movement but still awaits a decisive trigger. Read or listen more…
Changes below the surface, UPI still sideways
July 1, 2025: LNG shipping stocks remained essentially flat last week, with the UP World LNG Shipping Index (UPI) slipping slightly by 0.37% to 164.70 points, despite rising global markets. While the sector showed no dramatic movements, underlying shifts suggest preparation for increased gas demand in the future. The global LNG fleet continues its generational renewal, seasonal demand is rising, and spot rates are rebounding—all signalling potential for future growth. Activity among constituents reflected this tension: trading volumes increased, but share movements were mixed. Nakilat led the gainers with an 8.3% rise, followed by New Fortress Energy at 12.1%, buoyed by easing geopolitical tensions. Meanwhile, several companies, including Chevron, Capital Clean Energy Carriers, and Tsakos Energy Navigation, corrected earlier gains. The market remains undecided in the short term, but the groundwork for structural transformation in LNG shipping is steadily advancing. Read or listen more…
UPI goes sideways, sector changes
June 24th, 2025: LNG shipping stocks edged slightly lower over the past month, with the UP World LNG Shipping Index (UPI) slipping 1.33% to 165.31 points, while remaining near its annual highs. Although the market moved sideways, major geopolitical shifts—particularly Israel’s strike on Iranian nuclear facilities—have reignited global focus on energy security and the resilience of LNG supply chains. For the LNG shipping sector, this evolving landscape underscores the need for diversified and secure maritime routes, particularly for Europe. Meanwhile, structural changes continue to unfold across the industry. The sector’s transformation, from long-term contract dependency to increased short-term and spot activity, signals a new era driven by flexibility and efficiency. Technological advances, expanded global supply, and the continued strength of the American FOB model have positioned LNG shipping as a critical and adaptable component of the energy mix. Despite lingering risks, the long-term outlook remains optimistic. Read or listen more…
UPI back above pre-Trump levels
May 20th, 2025: LNG shipping stocks continued their upward drift last week, with the UP World LNG Shipping Index (UPI) rising 6% to 168.54—pushing above its pre-Trump era resistance levels. Despite the quiet global environment and stable spot freight prices, the index showed broad participation, with nearly all constituents posting gains. However, the calm growth belied uncertainty, as many companies, including Golar LNG and Shell, hesitated at technical thresholds. Notably, Asian firms led the advance, with Japan’s Mitsui O.S.K. Lines topping the list at 12.5%, joined by „K“ Line, NYK Line, and Malaysia’s MISC. Capital Clean Energy Carriers also stood out with an 11.5% gain and a fresh all-time high. Overall, while volume was slightly above average, the market’s tone remains cautiously optimistic with some signs of indecision beneath the surface. Read or listen more…
Smooth sailing amid subtle growth
May 13th, 2025: LNG shipping stocks posted modest gains last week, buoyed by a cautious but notable shift in European energy policy and steady performance among key UPI constituents. The UP World LNG Shipping Index (UPI) rose 2.08% to close at 159.01 points, even as the broader S&P 500 slipped. In the broader market context, European gas prices increased amid ongoing efforts to phase out Russian imports, while Asian spot LNG prices followed suit. Leading the UPI gains were Excelerate Energy and Dynagas LNG Partners, both posting double-digit weekly increases driven by strategic moves and market corrections. Other notable performers included BP and Cool Company, signalling a potential market uptrend, while Golar LNG saw the sharpest decline. Despite geopolitical tensions and muted Asian demand, the UPI showed resilience in a volatile energy landscape. Read or listen more…
Europe gains, index slips
May 6th, 2025: The UP World LNG Shipping Index (UPI) declined by 2.41% this week, falling 3.84 points to close at 155.76, in contrast to the S&P 500’s 2.92% gain. The broader LNG market continues to evolve amid falling gas prices in Asia and Europe, with Europe benefiting from redirected US LNG shipments due to geopolitical disruptions and a flexible US export model. Strong EU storage injections and weak Chinese demand—down 26% year-on-year in April—are shaping global flows. Within the UPI, quarterly rebalancing coincided with generally quiet trading, though Japan’s Mitsui O.S.K. Lines posted a steep 11.5% loss. Awilco LNG also dropped 9.1%, contributing to the index’s first decline in three weeks. On the positive side, Capital Clean Energy Carriers and New Fortress Energy surged over 10%, while Cool Company and MISC posted solid gains. Market sentiment remains cautious amid persistent uncertainty. Read or listen more…
A quiet growth week
April 29th, 2025: The UP World LNG Shipping Index (UPI) posted a moderate gain of 2.29%, rising by 3.57 points to close at 159.60, while the broader S&P 500 index outpaced it with a 4.59% gain. The LNG shipping sector continued to navigate redirected trade flows caused by US-China tariffs, with US gas increasingly heading to Europe and China leaning on non-US suppliers. In Asia, high spot prices have tempered Chinese and Indian demand, leaving South Korea as the primary spot buyer. European gas demand has begun its seasonal decline, though concerns persist over storage for the coming summer. Read or listen more…
Steady performance in a shifting market
April 22nd, 2025: Even the LNG shipping sector appeared calm last week, two perspectives emerge: one sees continued market calmness, while the other highlights ongoing adaptation to a shifting global landscape, particularly the rerouting of LNG flows as U.S. gas becomes less competitive in China due to tariffs. The UP World LNG Shipping Index (UPI) rose 1.21% during the shortened trading week, outperforming the broader market. Read or listen more…
Week of returns
April 15th, 2025: In a week marked by significant political developments in the U.S., market sentiment responded with surprising optimism, pushing indices higher. The UP World LNG Shipping Index (UPI) gained 3.03% to close at 154.17 points.
This optimism was evident in the performance of UPI constituents. Strong trading volumes, particularly in the U.S. and Japan, propelled several companies to double-digit gains. Read or listen more…
Price drops, value holds in shifting market dynamics
April 8th, 2025: Global markets were rocked by U.S. administrative actions, leading to a sharp downturn across major indices. The UP World LNG Shipping Index (UPI) fell 9.27%, mirroring broader uncertainty. Despite the plunge, fundamental energy needs remain unchanged, suggesting the LNG shipping sector’s intrinsic value is intact. Read or listen more…
Oops, he did it again!
April 1st, 2025: The UP World LNG Shipping Index (UPI) dropped 2.04% (3.44 points) to 164.93, while the S&P 500 declined by 1.53%. European LNG demand remains strong as bunkers are about 33% full post-winter, but Asian LNG sales have slowed, making Europe the primary market. Spot rates stay low at around $28,000 per day. Meanwhile, market volatility was fueled by the U.S. administration’s ongoing debate over imposing tariffs, which led to a sharp global stock sell-off. Read or listen more…
Uncertain waters, positive currents
March 25th, 2025: The UP World LNG Shipping Index rose by 1.44%, reflecting a positive trend in the LNG shipping sector, while the S&P 500 saw a 0.51% increase. Gas buyers are beginning to refill storage, and with additional liquefaction capacity coming online in the summer, LNG shipping demand is expected to rise. The main uncertainty comes from potential U.S. tariffs, though strong Asian demand for contracted LNG supports optimism.
Among individual companies, New Fortress Energy (NFE) and Golar LNG (GLNG) saw notable gains of 20.6% and 11.5%, respectively, due to favourable contract extensions and financing deals. Other companies, such as Flex LNG, Tsakos Energy Navigation, and Shell, also posted moderate gains. However, Korea Line Corporation saw a 3% drop. The sector remains cautiously optimistic, with investors watching for resistance breakouts that could shape future price movements. Read or listen more…
Poised for growth
March 18, 2025: The UP World LNG Shipping Index (UPI) declined by 1.60%, while the S&P 500 dropped by 2.27%. In a broader view, geopolitical risks in shipping routes slightly eased, but LNG spot rates remained low, prompting shipowners to withdraw older steam-powered ships from active markets. Among the index constituents, optimism is growing as stocks like Nakilat, Cool Company, and Awilco LNG showed gains, while others such as New Fortress Energy and Korea Line Corporation faced losses. However, the general trend suggests a potential upside rather than a lasting decline, with investors watching key resistance levels for future market direction. Read or listen more…
Driven by spot rates or geopolitics?
March 11th, 2025: The UP World LNG Shipping Index (UPI) gained 1.12% over the past week, while the S&P 500 declined by 3.1%. Despite persistently low spot rates, geopolitical developments—such as the U.S. administration’s unclear energy policies and potential interest in Nord Stream 2—have significantly impacted LNG shipping stocks more significantly. Quarterly results from Awilco LNG and Cool Company highlight the ongoing effects of these low rates, while growing distrust toward the U.S. has further pressured market sentiment. However, the UPI has shown resilience, driven by its global focus and potential upward momentum from U.S.-listed companies. Read or listen more…
Volatility is here again
February 25th, 2025: The UP World LNG Shipping Index (UPI) declined by 1.79% (3.01 points) to 165.38, mirroring broader market weakness as the S&P 500 fell by 1.66%. Increased volatility followed shifts in U.S. policy, raising investor concerns despite potential benefits for LNG shipping. UPI failed to break the 169-point resistance level, with trading volumes below average and several companies nearing or breaking key support levels. Read or listen more…
LNG shipping stocks gain for the second week: Trend or temporary?
February 18th, 2025: The UP World LNG Shipping Index (UPI) rose 0.67% to 168.40 points. Markets remained quiet despite geopolitical shifts made by the new U.S. administration. This can potentially increase LNG market competition, leading to lower prices but higher sales. Read or listen more…
Rising volatility and management-driven actions
February 11th, 2025: The UP World LNG Shipping Index (UPI) gained 2.45% last week, while the S&P 500 slightly declined. Despite rising LNG consumption and prices in Europe and Asia, shipping spot rates continue to drop, signalling potential stock volatility as earnings reports approach. However, the impact varies across companies based on their exposure to the spot market. Read or listen more…
Sideways cruises
February 4th, 2025: Most companies in the UP World LNG Shipping Index (UPI) fluctuated within a stable range, reflecting resistance and support levels, as market conditions showed little momentum in either direction. Read or listen more…
Mixed weekly performance amid industry shifts and long-term optimism
January 28th, 2025: The UP World LNG Shipping Index (UPI) declined by 0.38% last week, closing at 162.63 points. UPI showed a slight downward trend as LNG tankers rerouted from the Gulf of Mexico to Europe, driven by rising gas prices due to colder weather, causing spot rates to decline further in the Atlantic ($9,000/day) and hold in Asia ($15,500/day). The scrapping of older, inefficient tankers, such as Hyundai Greenpia, continues amidst tighter environmental standards. Read or listen more…
Optimistic decline
January 21st, 2025: UPI has experienced a slight decline but has remained relatively stable since November. The primary contributors to this decrease were Asian and Japanese companies, while those listed in the U.S. mostly saw gains. Read or listen more…
Market volatility and winter demand
January 14th, 2025: As winter gets underway, there is growing hope for companies with modern boats to announce new long-term contracts. Spot rates may not have moved yet, but demand for LNG is growing, and shipping efficiency will play an increasing role, especially with potential re-routing between Europe and Asia. Read or listen more…
LNG shipping stocks climb on thin trading
January 7th, 2025: LNG shipping stocks saw broad gains in a low-volume, holiday-shortened trading week. Flex LNG led with a 10.7% increase, followed by New Fortress Energy (+10%) and Awilco LNG (+8.3%). Other notable gainers included Cool Company (+7.2%), BP (+5.2%), and Shell (+4.6%). Read or listen more…
Modest gains despite low trading activity
December 31st, 2024: Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broader market rose by 0.67%. Despite this recovery during the shortened Christmas week, the UPI faced uncertainty as moving averages signaled mixed trends and trading activity remained subdued. Seasonal factors, such as the onset of winter, drove natural gas prices higher, though this did not translate to increased LNG tanker spot rates. Read or listen more…
Awaited decline arrived
December 24, 2024: The UP World LNG Shipping Index (UPI) decreased by 3.36% last week, closing at 158.18 points, while the S&P 500 lost 1.99%. The decline in the UPI coincided with global market downturns, influenced by the Federal Reserve meeting and early-week losses in the LNG shipping sector. The index breached significant support levels, including the long-term MA-40 moving average. Read or listen more…
Market uncertainty and low traded volume
December 17th, 2024: The UPI continues to move sideways, hovering around the MA40 long-term moving average (equivalent to the 200-day average). The shorter MA10 moving average (equivalent to the 50-day moving average) is nearing it from above. The situation is, therefore, unclear, with negative features such as low spot rates dominating the perception in our view. These negative factors are now perceived as more important than the long-term and positive ones. Read or listen more…
Another volatile week and insights for the road ahead
December 10th, 2024: Geopolitical turbulence, including South Korea’s brief martial law and Chinese manoeuvres near Taiwan, failed to sway global markets significantly. The sector faces a first “mature crisis,” with investor caution likely persisting until spring. However, strategic management actions, such as debt restructuring and adapting to market trends like the phase-out of steam-powered tankers, will be pivotal in navigating these headwinds. Despite these challenges, the critical role of LNG shipping in global energy supply continues to grow. Read or listen more…
Uncertain future amid spot rates pressures
December 3rd, 2024: The LNG shipping sector faces a challenging landscape, as highlighted by the contrasting trends in UPI TCE and spot rates. While the UPI TCE for the last quarter averaged $73,000 daily, it is projected to fall to $70,000 per day, reflecting a notable drop from earlier highs. This decline contrasts with spot rates, which are under pressure due to negative trends and growing gas prices. These dynamics are reshaping market behaviour, with tankers being diverted to Europe and potentially used for floating storage, which could stabilise or reverse spot rate declines. Read or listen more…
Two season peaks? LNG demand trends in transition
November 26th, 2024: The LNG shipping sector faces a mixed outlook amid seasonal and market dynamics. While the slow onset of winter has impacted the industry, increasing demand for natural gas in Asia is boosting prices, particularly for electricity generation. Companies with long-term contracts continue to show resilience, achieving solid Time Charter Equivalents despite challenges from weak spot rates. Read or listen more…
Q3 results moved the market
November 19th, 2024: The LNG shipping sector presented a mix of gains and challenges during the past week, shaped by fluctuating spot rates and evolving market dynamics. During the first earning calls, spot rates and dividends were the main themes. Meanwhile, the global fleet started gradually rejuvenating, with older vessels being phased out in favour of more efficient ships. Read or listen more…
A week of gains amid strategic expansions
November 12th, 2024: The UP World LNG Shipping Index (UPI), which tracks LNG shipping companies globally, rose 1.49% last week. This period was marked by varied performances among companies, influenced by third-quarter results and post-election developments in the U.S. Read or listen more…
Still, the spot rates
November 5th, 2024: LNG shipping stocks are currently facing a challenging market environment, as evidenced by recent declines in the UP World LNG Shipping Index and spot charter rates. Companies with long-term contracts benefit from stability, while those without such agreements remain at risk due to fluctuating spot rates. Read or listen more…
Low trading volume
August 27th, 2024: LNG shipping stocks saw a modest rise last week, with the UP World LNG Shipping Index gaining 1.45%, mirroring the performance of the S&P 500. Despite the overall growth, the market remained subdued due to low trading volumes. The market’s mixed performance highlights ongoing challenges, particularly for companies dealing with low charter rates and expiring contracts. Read or listen more…
Record highs amid global market volatility and winter preparations
August 20th, 2024: LNG shipping stocks saw significant gains last week, with the UP World LNG Shipping Index (UPI) reaching an all-time high, driven by positive sentiment in global markets and the onset of winter preparations. Key contributors included Japanese companies like Kawasaki Kishen Kaisha and U.S.-listed firms such as Excelerate Energy and Flex LNG. While some oil and gas drilling companies also experienced modest gains, most declines were minimal. The performance suggests a robust outlook for the LNG shipping sector, bolstered by increased demand for electricity in regions like South Asia. Read or listen more…
Market turbulence affects shippers with mixed results
Navigating short-term declines and long-term optimism amid market volatility
August 6th, 2024: The market experienced a global sell-off, affecting perspectives despite the UPI’s weekly chart basis. The upcoming LNG season is expected to be stronger. This positive long-term sentiment suggests that current declines could be seen as buying opportunities. Additionally, the UPI was rebalanced, incorporating Tsakos Energy Navigation (NASDAQ: TSE) as a new constituent. Read or listen more…
Low trading volume
August 27th, 2024: LNG shipping stocks saw a modest rise last week, with the UP World LNG Shipping Index gaining 1.45%, mirroring the performance of the S&P 500. Despite the overall growth, the market remained subdued due to low trading volumes. The market’s mixed performance highlights ongoing challenges, particularly for companies dealing with low charter rates and expiring contracts. Read or listen more…
Record highs amid global market volatility and winter preparations
August 20th, 2024: LNG shipping stocks saw significant gains last week, with the UP World LNG Shipping Index (UPI) reaching an all-time high, driven by positive sentiment in global markets and the onset of winter preparations. Key contributors included Japanese companies like Kawasaki Kishen Kaisha and U.S.-listed firms such as Excelerate Energy and Flex LNG. While some oil and gas drilling companies also experienced modest gains, most declines were minimal. The performance suggests a robust outlook for the LNG shipping sector, bolstered by increased demand for electricity in regions like South Asia. Read or listen more…
Market turbulence affects shippers with mixed results
Navigating short-term declines and long-term optimism amid market volatility
August 6th, 2024: The market experienced a global sell-off, affecting perspectives despite the UPI’s weekly chart basis. The upcoming LNG season is expected to be stronger. This positive long-term sentiment suggests that current declines could be seen as buying opportunities. Additionally, the UPI was rebalanced, incorporating Tsakos Energy Navigation (NASDAQ: TSE) as a new constituent. Read or listen more…
Strong gains amid broader economic optimism
Uptrend still continues
September 17th, 2024: LNG shipping stocks continued their uptrend last week, with the UP World LNG Shipping Index (UPI) gaining 0.37%, while the S&P 500 rose by 4.02%. Most companies in the UPI saw moderate growth. Read or listen more…
A hard week
September 10th, 2024: Last week, the liquefied natural gas (LNG) shipping sector faced significant challenges, as stocks across the industry experienced sharp declines. The UP World LNG Shipping Index, which tracks listed LNG shipping companies, dropped by 4.88%, while the S&P 500 saw a similar 4.25% decrease.
Despite these challenges, the sector remains resilient due to long-term charters and upcoming winter demand, though nearly all companies saw stock price declines. Read or listen more…
UPI outperforms S&P 500 amid mixed market performance
September 3rd, 2024: LNG shipping stocks had a mixed performance last week, with the UP World LNG Shipping Index (UPI) gaining 0.50%, outpacing the S&P 500, which rose by 0.24%. Despite the overall increase, trading volumes continued to decline, reflecting a cautious market sentiment. Read or listen more…
Market correction and volatility impact UPI performance
Holiday decline
An Asian correction
A positive sentiment continues
July 9, 2024: The UP World LNG Shipping Index gained 4.40%. This surge was driven by positive market sentiment and a Louisiana court’s preliminary cancellation of the moratorium on new U.S. LNG export projects. Read or listen more…
Rising into summer
July 2, 2024: 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. Read or listen more…
Summer season is near
June 25, 2024: The UP World LNG Shipping Index gained 1.17% last week, correcting the previous week’s drop. Of the constituents, the most gained Flex LNG, followed by Golar LNG. Awilco LNG and Japan companies led the drop. With the nearing end of the second quarter, the summer season is close, which will bring positive momentum for LNG shipping stocks. Read or listen more…
A temporary decline
Volatility rises again
June 11, 2024: The UP World LNG Shipping Index (UPI) continues to move mildly; last week, it grew again. This time, however, the index’s slight movements hide the more turbulent development of individual companies, although the traded volume returned to the average. Read or listen more…
A volatile week on markets
June 4, 2024: Last week was very volatile for all stock markets, especially on Wednesday. The latter part of the week was positive for most U.S.-listed LNG shippers. UPI showed small movements but still maintained high levels for the year. Comparison with SPX shows that even the small rise was a good result. Read or listen more…
LNG shipping stocks paused
Mild rise confirmed by many
Awaited breakthrough arrived
May 14, 2024: The UP World LNG Shipping Index (UPI) gained 7.08 points or 4.65% last week, reaching a closing value of 152.38 points. This index monitors the stocks of companies that specialise in LNG shipping. The S&P 500 (SPX) index, representing US stocks, gained 1.85%. Read or listen more…
Preparation for a bullish move?
May 7, 2024: The UP World LNG Shipping Index (UPI) lost 1.92 points or 1.24% last week, reaching a closing value of 152.38 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.55%. Read or listen more…
Will to grow
April 30, 2024
The UP World LNG Shipping Index (UPI) lost 0.06 points or 0.04% last week, reaching a closing value of 154.30 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 2.67%. Read or listen more…
A doji week
April 23, 2024
The UP World LNG Shipping Index (UPI) demonstrated resilience last week, gaining 1.54 points or 1.01% and closing at 152.82 points. This index, which tracks companies specializing in LNG shipping, outperformed the S&P 500 (SPX) index, a benchmark for US stocks, which experienced a 3.05% decline. Read or listen more…
Waiting for a trend
April 16, 2024
The UP World LNG Shipping Index (UPI) lost 1.84 points or 1.19% last week, reaching a closing value of 152.82 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, lost 1.55%. Read or listen more…
Swings inside the index
April 9, 2024
The UP World LNG Shipping Index (UPI) gained 2.21 points or 1.45% last week, reaching a closing value of 154.66 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, lost 0.95%. Read or listen more…
Sliding down
April 2, 2024
The UP World LNG Shipping Index (UPI) declined by 1.28 points or 0.83% last week, reaching a closing value of 152.45 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.4%. Read or listen more…
Back in 2023
March 26, 2024: The UP World LNG Shipping Index (UPI) declined by 1.29 points or 0.83% last week, reaching a closing value of 155.02 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 2.29%. Read or listen more…
Calm index, wild constituents
March 19, 2024: The UP World LNG Shipping Index (UPI) stayed the same and declined by 0.09 points or 0.06% last week, reaching a closing value of 155.02 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, lost 0.78%. Read or listen more…
LNG shipping stocks still go sideways
March 12, 2024: The UP World LNG Shipping Index (UPI) lost 2.94 points or 1.86% last week, reaching a closing value of 155.11 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.95%. Read or listen more…
The Q4 results were not helpful
March 5, 2024: The UP World LNG Shipping Index (UPI) gained 0.48 points or 0.31% last week, reaching a closing value of 158.06 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 0.95%. Read or listen more…
Between two ranges
February 27, 2024: The UP World LNG Shipping Index (UPI) dropped by 0.88 points or 0.56% last week, reaching a closing value of 158.46 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, gained 1.66%. Read or listen more…
Bounced up, but not enough
February 20, 2024: The UP World LNG Shipping Index (UPI) increased by 4.68 points or 3.05% last week, reaching a closing value of 158.46 points. This index monitors the stocks of companies that specialise in LNG shipping. In contrast, the S&P 500 (SPX) index, representing US stocks, witnessed a decline of 0.42%. Read or listen more…
The off-season started
February 13, 2024: Last week, the UP World LNG Shipping Index (UPI) lost 6.61 points or 4.12%, closing at 153.77 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.37%. Read or listen more…
LNG shipping stocks: Moving in a range
February 6, 2024: Last week, the UP World LNG Shipping Index (UPI) lost 2.92 points or 1.77%, closing at 163.28 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.38%. Read or listen more…
LNG shipping stocks: Up or down?
January 30, 2024: Last week, the UP World LNG Shipping Index (UPI) gained 1.22 points or 0.75%, closing at 163.28 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.06%. Read more…
LNG shipping stocks: Is a change coming?
January 23, 2024: Last week, the UP World LNG Shipping Index (UPI) lost 0.12 points or 0.08%, closing at 162.06 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.17%. Read more…
LNG shipping stocks: Decline after gains
January 16, 2024: Last week, the UP World LNG Shipping Index (UPI) lost 1. 54 points or 0.94%, closing at 162.18 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.84%. Read more…
LNG shipping stocks: The new all-time high again
January 9, 2024: Last week, the UP World LNG Shipping Index (UPI) gained 5.05 points or 3.18%, closing at 163.72 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a loss of 1.52%. Read more…
LNG shipping stocks: Minor correction after the huge gain
January 2, 2024: Last week, the UP World LNG Shipping Index (UPI) stayed at the previous level, losing 3.48 points or 2.15%, closing at 158.67 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 0.32%. Read more…
LNG shipping stocks: New all-time highs
December 26, 2023: The UP World LNG Shipping Index (UPI) achieved a new all-time high last week, with a gain of 13.66 points or 9.20%, closing at 162.15 points. This index tracks the performance of companies involved in the maritime transportation of liquefied natural gas. On the other hand, the S&P 500 (SPX) index, which represents the performance of U.S. stocks, showed a modest increase of only 0.75%. Read more…
LNG shipping stocks: Mild Fed’s gains
December 19, 2023: Last week, the UP World LNG Shipping Index (UPI) stayed at the previous level, gaining 3.79 points or 2.62%, closing at 148.50 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 2.49%. Read more…
LNG shipping stocks: A negative wave
December 12, 2023: Last week, the UP World LNG Shipping Index (UPI) stayed at the previous level, losing 3.36 points or 2.27%, closing at 144.70 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 0.21%. Read more…
LNG shipping stocks: A calm week with a hidden storm
December 5, 2023: Last week, the UP World LNG Shipping Index (UPI) stayed at the previous level, losing just 0.01 points or 0.01%, closing at 148.06 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 0.77%. Read more…
LNG shipping stocks: Japanese gains
November 28, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 1.82 points or 1.24%, closing at 148.07 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1%. Read more…
LNG shipping stocks: Good news pushed prices up
November 21, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 4.26 points or 3%, closing at 146.25 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 2.24%. Read more…
LNG shipping stocks: Volatility
November 14, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 5.46 points or 3.70%, closing at 141.99 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 1.31%. Read more…
LNG shipping stocks: Volatile week meant a small decline in the UP Index
November 7, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 0.41 points or 0.28%, closing at 147.86 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 5.85%. Read more…
LNG shipping stocks: The hidden power
October 31, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 2.97 points or 1.97%, closing at 147.86 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a loss of 2.53%. Read more…
LNG shipping stocks: Red is back
October 24, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 2.61 points or 1.70%, closing at 150.83 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a loss of 2.39%. Read more…
LNG shipping stocks: A positive trend continues
October 17, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 5.07 points or 3.42%, closing at 153.45 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 0.45%, nearly similar to a week before. Read more…
LNG shipping stocks: A positive decline?
October 10, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 3.90 points or 2.56%, closing at 148.37 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, experienced a gain of 0.48%. Read more…
LNG shipping stocks: A week of sellers
October 3, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 2.33 points or 1.51%, closing at 152.27 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 0.74%. Read more…
LNG shipping stocks: Still in the highest resistance area
September 26, 2023: Last week, the UP World LNG Shipping Index (UPI) lost 1.24 points or 0.80%, closing at 154.60 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 2.93%. Read more…
LNG shipping stocks: The Asian growth
September 19, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 0.16%. Read more…
LNG shipping stocks: Volatility is here again
September 12, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 1.86 points or 1.24%, closing at 152.04 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 1.29%. Read more….
LNG shipping stocks: SPX made UPI to gain
September 5, 2023: Last week, the UP World LNG Shipping Index (UPI) gained 3.21 points or 2.18%, closing at 150.18 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a gain of 2.50%. The past week was more positive than the previous three, and one two-digit gainer appeared. The most important thing is that these gains took prices above the support ledges, making the next rise easier. Read more…
LNG shipping stocks: Decline below the resistance
August 29, 2023: Last week, the UP World LNG Shipping Index (UPI), which tracks the performance of LNG shipping companies, lost 1.57 points or 1.06%, closing at 146.97 points. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a gain of 0.82%. Read more…
LNG shipping stocks: So strong resistance
April 22, 2023: Last week, the UP World LNG Shipping Index (UPI), which tracks the performance of LNG shipping companies, lost 3.51 points or 2.31%, closing at 148.55 points. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a decline of 2.11%. UPI’s decline began just a week after SPX started declining. Read more…
LNG shipping stocks: Decline below the resistance
August 15, 2023: Last week, the UP World LNG Shipping Index (UPI), the only stock index focused on LNG shipping companies, lost 2.57 points or 1.66%, closing at 152.06 points. The S&P 500 (SPX) index, representing U.S. stocks, lost 0.31%. Read more…
LNG shipping stocks: A six-week growth
August 15, 2023: Last week, the UP World LNG Shipping Index (UPI), the only stock index focused on LNG shipping companies, rose for the sixth consecutive week. UPI increased by 0.33 points or 0.21%, reaching 154.63 points. In contrast, the S&P 500 (SPX) index, representing U.S. stocks, lost 2.27%. Read more…
LNG shipping stocks: The last resistance area to overcome
August 1, 2023: Last week, the UP World LNG Shipping Index (UPI), the only stock index concentrating on LNG shipping firms, rose for the fifth consecutive week. UPI increased by 1.43 points or 1.50%, reaching 154.30 points. In contrast, the S&P 500 (SPX) index, representing U.S. stocks, gained only 1.01%. Read more…
LNG shipping stocks: Optimism persists
July 25, 2023: Last week, the UP World LNG Shipping Index (UPI), the only stock index concentrating on LNG shipping firms, saw a rise for the fourth consecutive week. UPI increased by 2.44 points or 1.62%, reaching 150.44. In contrast, the S&P 500 (SPX) index, representing U.S. stocks, gained only 0.69%. Read more…
LNG shipping stocks: Slight rise of UPI masks dramatic events
July 18, 2023: Last week, there was a slight increase in the UP World LNG Shipping Index (UPI), the only stock index in the world that focuses on LNG shipping companies. UPI gained 0.77 points or 0.51%, reaching 150.44. In comparison, the S&P 500 (SPX) index, representing U.S. stocks, gained 2.42%. Read more…
LNG shipping stocks are on the rise, returning to their previous range
July 11, 2023: Last week, there was a slight increase in the UP World LNG Shipping Index (UPI), the only stock index in the world that focuses on LNG shipping companies. UPI gained 6.48 points or 4.53%, reaching 149.67. In comparison, the S&P 500 (SPX) index, representing U.S. stocks, lost 1.16%. Read more…
LNG shipping stocks: An exhausting rise
July 04, 23: Last week, there was a slight increase in the UP World LNG Shipping Index (UPI), the only stock index in the world that focuses on LNG shipping companies. It gained 1.88 points or 1.33%, reaching 143.18. However, it failed to reach its previous range despite some companies generating profits. In comparison, the S&P 500 (SPX) index, representing U.S. stocks, gained 2.35%. Read more…
LNG shipping stocks: The U.S. decline
June 27, 2023: Last week, there was a decline in the UP World LNG Shipping Index (UPI), the only stock index concentrating on LNG shipping companies. The index lost 4.39 points or 3.01%, reaching 141.31. In contrast, the S&P 500 (SPX) index, which depicts U.S. stocks, dropped by 1.39%. Read more…
LNG shipping stocks: Gathering power for next move
June 20, 2023: Last week, the UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, experienced a 0.50% decline. In comparison, the S&P 500 (SPX) index, which represents U.S. stocks, had a 2.58% gain. Read more…
LNG shipping stocks: Rising back to a sideway area
June 13, 2023: Last week, the UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, experienced a 2.19% increase. In comparison, the S&P 500 (SPX) index, which represents U.S. stocks, had a 0.39% gain. Read more…
LNG shipping stocks: UPI is supposed to rise
June 6, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 0.12% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 1.83%. Read more..1
LNG shipping stocks: Waiting on support lines
May 30, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 0.1% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 0.32%. Read more…
LNG shipping stocks: Decline, but not a downtrend yet
May 22, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 2.79% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 1.63%. Read more…
LNG shipping stocks: All options are still open
May 15, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.5% last week. U.S. stocks represented by the S&P 500 (SPX) index lost 0.28%. Read more…
LNG shipping stocks: Time to choose a way
May 8, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 2.34% last week. U.S. stocks represented by the S&P 500 (SPX) index also lost 0.8%. Read more…
LNG shipping stocks: A positive decline
May 2, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 1.77% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 0.87%. Read more…
LNG shipping stocks: Most constituents of UPI lost
April 25, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, lost 0.87% last week. U.S. stocks represented by the S&P 500 (SPX) index lost 0.1%. Read more…
LNG shipping stocks: Strong and optimistic rise
April 18, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 3.87% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 0.8%. Read more…
LNG shipping stocks: Fourth week of small gains
April 11, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.96% last week. U.S. stocks represented by the S&P 500 (SPX) index lost 0.1%. Especially non-U.S. companies pushed UPI higher. UPI rose for the fourth time. Read more…
LNG shipping stocks: Double-digit gainers but paid dividends dominated
April 3, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 0.41% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 3.48%. Even with this slight rise, double-digit gainers have occurred. Read more…
LNG shipping stocks: Growth after two weeks of decline
March 28, 2023: The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 1.41% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 1.39%. Growth could have been better, but the palette of movement of individual companies was quite varied. Read more…
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UP Indices: Nervousness affected also the LNG shipping stocks
November 2, 2020: The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping sector, lost nearly 5 points, or 7.8%, last week. This decline came on Wednesday and affected all markets. Some companies were able to reduce their losses. Read more…
UP Indices: Strong growth accompanied by rising shipping rates
October 26, 2020: The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping sector, added 2.88 points, or 4.76%, last week. Read more…
Minimal growth hides various stock movements
October 18, 2020: The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping sector, added 0.2 point, or 0.33%, last week. Read more…
Stocks of LNG Shipping Companies Interrupted The Decline
October 12, 2020: The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping sector, rose to 60.42 points, or 5.13%, last week. It interrupted the decline, which began in late September. Read more…
LNG Shipping’s Dead Year Ends
November 27, 2025: The LNG shipping sector is entering a recovery cycle, with spot rates exceeding $150,000 per day for the first time since the end of 2024, as noted. This transforms the recent major risk into a significant opportunity. The sector has the potential to deliver substantial profits through at least through Q1 2026, driven by rising spot rates. Especially companies with vessels on the spot market.
Currently, two pure LNG shippers listed on US stock exchanges have some vessels on the spot market. These are Capital Clean Energy Carriers Corp. (NYQ: CCEC) and FLEX LNG (NYSE: FLNG). Other publicly traded companies include Norway’s ALNG (OSE: ALNG) on the Oslo Stock Exchange, and Dynagas LNG Partners (NYSE: DLNG) and Cool Company Ltd (CoolCo) (NYSE: CLCO), listed in the US. DLNG has long-term contracts, and CLCO will be delisted at around the end of the year. Read or listen more…
February 20, 2025: Last year was very difficult and different for the LNG shipping sector. In this report, we cover the main changes in the first section, show the yearly performance of all publicly listed LNG shippers, mention crucial events, and consider the future. Read or listen more…
Q4 2023
January 15, 2024: During the fourth quarter of last year, the LNG shipping sector, represented by the UP World LNG Shipping Index (UPI), strengthened and gained 4.20%. The S&P 500 (SPX) index gained 11.24% during the same period. Read more…
Q3 2023
November 6, 2023: During the third quarter of this year, the LNG shipping sector, represented by the UP World LNG Shipping Index (UPI), strengthened and gained 1.74%. In contrast, the S&P 500 (SPX) index lost 2.52% during the same period. Read more…
Q2 2023
July 21, 2023: The year 2022 was very successful for LNG shipping stocks. However, since the start of this year, the LNG market has stabilized, resulting in a slowdown in the LNG shipping sector. The UP World LNG Shipping Index (UPI) declined 3.79% in the second quarter, while the S&P 500 (SPX) index saw gains of 8.41% in the first quarter and 14.26% in the first half of the year. Read more…
Alphabetical order of constituents:
- ADNOC Logistic and Services
- Awilco LNG ASA
- BP p.l.c.
- Capital Clear Energy Carriers Corp.
- Cool Company Limited
- COSCO SHIPPING Energy Transportation Co., Ltd.
- Chevron Corporation
- Dynagas LNG Partners LP
- Excelerate Energy, Inc.
- Exmar N.V.
- Flex LNG Ltd.
- Golar LNG Limited
- Kawasaki Kisen Kaisha, Ltd. (“K” Line)
- Korea Line Corporation (SM Korea Line)
- MISC Berhad
- Mitsui O.S.K. Lines (MOL)
- New Fortress Energy Inc.
- Nippon Yusen Kabushiki Kaisha (NYK)
- Qatar Gas Transport Company (Nakilat)
- Shell plc
- Tsakos Energy Navigation Limited
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