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%. Both indices are in the weekly chart below.

Last week, the vast majority of companies declined, probably due to last week’s strong growth.

UP World LNG Shipping Index vs. SPX 17-23
Week 17-2023: UP World LNG Shipping Index with S&P 500 (Source:


nly three companies increased the value of their shares significantly. The most rising stock was “K” line (TSE: 9107) from Japan, which rose by 4.4 %. The Norwegian Awilco (OSE: ALNG) added 4.1 %, and Qatar´s Nakilat (QSE: QGTS) added 2.2 %. Nakilat´s weight in UPI is 20%, so the slight decline in the UP Index is thanks to this company.

Belgian Exmar NV (BSE: EXM) rose 1.4%, and Malaysian MISC (KLSE: 3816) gained 1.1% but continues sideway.

The most declining company was Excelerate Energy (NASDAQ: EE), which lost almost ten percent. Dynagas LNG Partners (NYSE: DLNG) lost five percent.

A massive group of companies declined by around 2%. The slightly more significant loss than 2% made Golar LNG (NASDAQ: GLNG), Flex LNG (NYSE/OSE: FLNG), bp (NYSE: BP), and SM Korea Line Corporation (KRX: 005880). Below the 2% level were New Fortress Energy (NASDAQ: NFE), Chevron (NYSE: CVX), and Capital Product Partners (NASDAQ: CPLP).

UP World LNG Shipping Index is a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in the maritime transport of liquefied natural gas (LNG). This unique index covers 19 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers over 65% of the world’s LNG carrier fleet. UP Index is a premium service. We offer freemium (the basic chart of the UP Index and S&P 500 index) and trial access to all charts.