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%. You can find both indices in the image below.
After rising back to the high-volume area, UPI took a rest last week. However, there were still significant rises and declines, with the difference between the percentage of the best gainer and the biggest loser being over 57.
GasLog Ltd. finishes the merger deal of acquiring GasLog Partners (NYSE: GLOP) for $8.65 per unit. The GasLog board approved and declared a special cash distribution of $3.28/unit as part of the merger terms. And this distribution was the reason for the 38% fall in GLOP´s units to $5.35.
On the other hand, Dynagas LNG Partners (NYSE: DLNG) gained nearly 20% after announcing two new time charters with NextDecade (NASDAQ: NEXT). LNG carrier Clean Energy will serve the Rio Grande LNG terminal for two years since Q1 2026 after finishing its existing time charter with SEFE. The charter of Arctic Aurora will start in Q4 2026 after completing the charter with Equinor (NASDAQ/OSE: EQNR). Both charters will add about $270 million to Dynagas´ existing backlog.
A rise of Capital Product Partners (NASDAQ: CPLP), which gained 11.2% by high-volume trading, is not backed by any new announcement. But it was the second-highest rise of the week. Golar LNG (NASDAQ: GLNG) rose with the third biggest gain, adding 5.2%. Japanese „K“ line (TSE: 9107) continues rising to the highs of 2006´s. Exmar NV (BSE: EXM) gained 2.2% after the failure of the first bid to take the company private. The offer will reopen on August 28 at €11.1 per share, Splash247 informed.
Excelerate Energy (NASDAQ: EE) lost 5.2%, followed by Cool Company (NYSE/OSE: CLCO) which lost 4.5% in Oslo but gained 0.7% in New York. New Fortress Energy (NASDAQ: NFE) and Awilco LNG (OSE: ALNG) both returned to the support lines with losses of 3.8% and 3.6%, respectively. MOL (TSE: 9104) and NYK Line (TSE: 9101), the two Japanese shippers, both ended the week with losses of 2.8% and 0.3%, respectively.
Despite the UP Index gaining 0.51%, investors witnessed some dramatic events. LNG shipping stocks show a high potential for gains.
About: UP World LNG Shipping Index, established in 2020, is a rules-based stock index family designed to show and measure the performance of worldwide 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.
Source: UP-Indices.com via LNGshippingstocks.com
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