The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 1.86% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 3.95%.

The UP index slowed its growth. In the past week, no company even came close to the double-digit gains that were once common, with New Fortress Energy (NYQ: NFE) leading the way with a 7.5% gain. Golar LNG (NYQ: GLNG) and Shell (NYSE: SHEL) followed in second place with 6% gains.

They were followed by bp (NYSE: BP), which added 5.7%. Other companies in the order have already added less than 5%.

At the other end of the spectrum, losses were led by Norway’s Cool Company (OSE: COOL), which shed 8.8% after earlier strong growth. Another Norwegian company, Awilco LNG (OSE: ALNG), also lost over six percent. Japan’s “K” line (TSE: 9107) and Greece’s Caital Product Partners (NYSE: CPLP) recorded a loss of around 5.5%.

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.

Marex Media