{
  "id": 1691002,
  "title": "LNG shipping stocks: The rally broadens",
  "url": "https://urgent.news/2026/08/18/lng-shipping-stocks-the-rally-broadens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T10:00:59.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/lng-shipping-stocks-the-rally-broadens/"
  },
  "original_language": "en",
  "account": "The UP World LNG Shipping Index showcased a 5-point (2.29%) surge last week, reaching 223.45 points, while the S&P 500 index only gained 0.36%. This rally gained momentum as 14 companies advanced and 7 saw price declines, with the median change standing at 2.23%, mirroring the index's increase. In contrast to the previous week's Asian companies leading the gains, this time, companies from various regions contributed to the surge. Unstable geopolitical circumstances continued to prevail, with the market gradually accepting the reality of Qatari production remaining halted for an extended period. The United Arab Emirates and US producers appeared to be the primary beneficiaries, primarily benefiting from the UAE's ongoing production halt.\n\nLNG prices in Asia recovered to $21.30 per million British thermal units (mmBtu), while European prices remained steady at $20.60. Shipping tanker rates witnessed a decline, with Atlantic rates settling at $40,000 per day and Pacific rates at $69,000 per day following the redeployment of Qatari tankers to spot deliveries from other LNG producers.\n\nChevron led the gainers with a 7% rise, while New Fortress Energy experienced the most significant decline at -8.47%. The UP World LNG Shipping Index, tracking 21 listed LNG shipping companies, gained 5 points (2.29%) and closed at 223.45 points, outperforming the S&P 500 index, which gained 0.36%.\n\nThe broader market showed mixed results, with trading volume declining. Asian companies once again played a significant role in driving the rise, joining forces with other regions. Unstable geopolitical tensions persisted, and the market slowly adapted to the fact that Qatari production would remain curtailed for an extended period, with the UAE and US producers set to benefit the most.\n\nChevron demonstrated solid gains and built on its July performance, emerging from a brief sideways correction. Other notable companies that outperformed the index included K-Line (TSE: 9107), Tsakos Energy Navigation (NYSE: TEN), Excelerate Energy (NYSE: EE), and ADNOC Logistics & Services (ADX: ADNOCLS). Japanese companies NYK Line (TSE: 9101) and Mitsui O.S.K. Lines (TSE: 9104) also showed impressive gains. Dynagas LNG Partners, Shell, and BP all increased their share prices by over two percent, following a reaction to previous week's declines. Nakilat (QSE: QGTS) and MISC (KLSE: 3816) gained 0.5 percent each.",
  "summary": "Summary The UP World LNG Shipping Index gained 5 points (2.29%) last week, closing at 223.45 points, while the S&P 500 gained 0.36%. The UPI’s rise gained momentum, with 14 companies advancing and 7 declining, and a median change of 2.23%, matching the index’s rise. Whilst Asian companies drove the previous gains, this time companies ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}