The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained 2.65% last week. US stocks represented by the S&P 500 Index lost 1.82%.

LNG shipping stocks represented by the UP Index beat the SPX again. Both positive and negative factors for this sector are rising. LNG has started to play a more important role for Europe. Delivery stability and price volatility are mentioned more often, and the whole-EU concept of the energy plan is studied. On the other hand, there are no mentions about the future of the Northern Sea Route or Russian LNG if this country will attack or obtain Ukraine.

Back to the past week. The most rising company is SM Korea Line Corporation (KRX: 005880) which gained over 10%. Dynagas LNG Partners (NYSE: DLNG) is second place, growing over 9%. Japanese “K” Line or Kawasaki Kisen Kaisha (TSE: 9107) gained 7.6%, and New Fortress Energy (NASDAQ: NFE) followed with a 5.1% rise.

Qatar Gas Transport Company (QSE: QGST) lost 5.6 %, and GasLog Partners LP (NYSE: GLOP) declined 3.2%. We expect LNG shipping stocks to follow the whole stock market this week.

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 maritime transport of liquefied natural gas (LNG). This unique index covers 18 companies and partnerships from countries worldwide like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers more than 65% of the world’s LNG carrier fleet.

Source: UP-Indices.com