LNG shipping stocks: A positive week
The UP World LNG Shipping Index rose 3.84 points (1.68%) to close at 231.87, while the S&P 500 gained 1.15%. The advance was broad but gentle: breadth was 11:10, the median constituent rose 2.3%, and while the weighted index (wUPI) eased less than half a per cent, the overall tone pointed to stabilisation rather than ...
The UP World LNG Shipping Index experienced a positive week, rising 1.68% to close at 231.87. The growth was steady, with an 11:10 ratio of rising to falling components and a median movement of 2.3%. The Weighted Index (wUPI) showed a slight decrease of less than half a percent. Trading volume was higher than the previous week, but still considered low.
The index returned to the spring range, indicating stabilization. COSCO Shipping Energy Transportation led gains with a 14% increase, reaching the spring range. Excelerate Energy bounced off support, adding 6.8%, while ADNOC Logistics & Services erased a two-week decline and rose 6.7%. Shell broke new highs, gaining 4%, breaking through resistance.
BP and Chevron gained, but within a sideways range. Korean companies, Japanese companies, and Dynagas LNG Partners were mixed, with some falling back to previous levels. Asian spot LNG prices rose due to tanker attack concerns near Hormuz, although Chinese and Indian buying limited gains.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
