The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 0.48% last week. U.S. stocks represented by the S&P 500 Index lost 2.88%.

UP Index has been rising since the end of last year, a week before SPX started declining. Rising geopolitical tension, energy uncertainty, and winter are the leading players.

Leading gainers of the 10th week are GasLog Partners LP (NYSE: GLOP) and Awilco LNG ASA (OSE: ALNG). GLOP gained over 24%, and ALNG rose 12.5%. With a gain of 7%, followed Chevron Inc. (NYSE: CVX) and Exmar NV (BSE: EXM).

Korea Line Corporation (KRX: 005880) rose 5.6%, and Flex LNG (NYSE: FLNG) gained 4.3%. Japanese trio separated its togetherness as NYK Line (TSE: 9101) lost 0.8%, but MOL (TSE: 9104) and “K” line (TSE: 9107) gained 3.7%.

The most considerable loss, over 11%, suffered last week’s top gainer New Fortress Energy (NASDAQ: NFE), so it can be called a correction of a previous gain of over 34%. The second-largest loss was recorded by Dynagas LNG Partners LP (NYSE: DLNG), which lost 4%.

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 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.

Source: UP-Indices.com