The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 2.35% last week. U.S. stocks represented by the S&P 500 Index lost 2.41%.

Global stock markets continued decreasing and took the LNG shipping sector with them. In contrast, many LNG shippers look good technically, and a continuous downtrend would be surprising.

The most declined Höegh LNG Partners (NYSE: HMLP), losing 11.1%. Then, Awilco LNG ASA (OSE: ALNG) and Dynagas LNG Partners (NYSE: DLNG) lost a bit above 8%. GasLog Partners (NYSE: GLOP) wrote off 7.2%, and Flex LNG (NYSE: FLNG) and bp (NYSE: BP) declined by 4.3%. This list can be riched with Misc Berhad (KLSE: 3816), which lost 2.6%. And that is all losses over 2%.
On the other hand, one company gained much: “K” Line (TSE: 9107) added over 22%. Korea Line Corporation move the price of its stocks up by 5.6%

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 17 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. UP Index is a premium service. We offer both freemium (the basic chart of UP Index and S&P 500 index) and trial access to all charts.
Source: UP-Indices.com