The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, gained 5.17% last week. US stocks represented by the S&P 500 Index rose 2.28%.
LNG shipping stocks represented by their benchmark broke up several resistance levels, and the UP Index is close again to 100 points.
Investors in Golar LNG Limited (NASDAQ: GLNG) and Flex LNG Ltd. (NYSE: FLNG) were the most successful. Both companies gained two-digit gains: 12.9% and 10%.
New Fortress Energy (NASDAQ: NFE) was very close to a similar increase and missed only one-tenth of the dollar. Nearly 8% to its price added Awilco LNG ASA (OSE: ALNG). Russian PAO Sovcomflot (ME: FLOT) gained 5%.
Only two of Japanese trio growth. Nippon Yusen Kabushiki Kaisha (TSE: 9101) and Mitsui O.S.K. Lines (TSE: 9104) gained a similar 3.7%. On the other hand, Kawasaki Kisen Kaisha (TSE: 9107) lost 2.1%, nearly the most significant loss last week.
Only Dynagas LNG Partners (NYSE: DLNG) and Höegh LNG Partners (NYSE: HMLP) lost more: 3% resp. 2.5%.
Sources: Hellenic Shipping News Worldwide, UP-Indices.com
The post LNG shipping stocks: Over 5% up first appeared on UP forum.]]>
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Driver growth was HMLP in tow with GLOP, lost on the contrary GLNG. HMLP, this confirmed growth is technically made out of Downtrendu, and its growth can continue. First, let's look at a chart comparing the UP Total Return index with the ETF SPY. [Visualizer id = "4227"] We see on it that stock index dropped while SPY did not. In the complete chart we see another drop in the volume of trades. While the average value is 1852, the third week was only 698. However, the volume is not significantly smaller in any company. [Visualizer id = "3861"] We also attach a chart of preferential shares that slightly increased by the second week. This is obviously due to the fact that the course oscillates around the usual subscription value, which is usually $25. Lower, around 21, we can see not only the DLNG, but also the GLOP. [Visualizer id = "4746"] LNG highlights of the past week:
- GTT Bags Tanks order for GasLog's LNG carrier pair
- and shrinking Ophir moves to sell Fortuna FLNG prospect
- Qatar eyeing orders for 60 new LNG tankers all graphs can be found on a separate page.
tle: We also attach a chart of preferential shares that act in concert with the Equity UP index. [Visualizer id = "4746"] The development also recorded spot prices for ships, which finally left their ridiculous amount and at least for the Pacific fell to about 70 thousand USD/day. Although this may not seem, it is good news for the stability and growth of the LNG segment. The full version of the article can be found in the first place among LNG attractions. Equally interesting is the second and third report, which relate to the Fortune Project: the company Ophir forfeited the licence for Project Fortune, which is to be attended by the ship Golar Gandria company Golar LNG converted into FLNG. LNG highlights of the past week:
- LNG vessel spot rates in Pacific below $80,000/d for first time since late Aug
- Ophir loses Block R license, Equatorial Guinea
- Progress, setbacks for FLNG conversions in Africa
- GasLog updates on Cheniere-chartered LNG newbuilds
- PGNiG: Rising LNG Imports drive Russian gas share down in 2018
- Outlook 2019: Growing LNG Marketplace to drive spot shipping rates in 2019
All graphs can be found on a separate page.
The post Correction of growth or break in decline? first appeared on UP forum.]]>- India puts new power plant on LNG
- The pre-demand for gas from the new Greek FSRU
- Turkey implemented a record shift of LNG ship-ship
- FERC Schváli Opening of the second branch of Corpus Christi
All graphs can be found on a separate page.
The post Continued growth in the new year. first appeared on UP forum.]]>[Visualizer id = “4227”]
The charts show what we’ve been talking about for several weeks-the index shares are under pressure from the overall market situation. And so when the downturns became to a certain extent unsustainable and there was a growth adjustment, our stock was added. Volumes of course belowed the previous week, but that the Christmas was decent.
[Table ID = 3/]
Growth was at least partially mitigated by the previous damage, but the values from at least the second December week were not achieved. A certain more pronounced correction is found only preferential shares.
[Visualizer id = “4138”]
Therefore, if we evaluate the past year, the growth of spot prices, the increase in the transported amount of LNG, the opening of new liquification facilities, or any further advances in the sector are reflected in the prices of shipping companies:
DLNG drop from 12.22 to 3.37
GLOP Drop from 24.9 to 19.80
GLOG drop from 22 to 16.46
GLNG drop from 29.78 to 21.76
GMLP drop from 22.99 to 10.80
HMLP drop from 19.35 to 15.35
TGP drop from 20.50 to 11.02
SPY drop from 273.42 to 249.92
LNG highlights of the past week:
- FLNG Prelude started operation
- DSME secured 18. Order LNG Tanker
- GasLog ordered two new tankers for the contract with Cheniere
- FSRU Orders
- Portugal expects first delivery of LNG in the new Year
- 5 zapamatováníhodných stories of the past year
- FLNG Tango sails to his destination in Argentina
All graphs can be found on a separate page.
The post Grow At The End Of The Year first appeared on UP forum.]]>[Table ID = 3/]
The graphical view shows the values even better. The UP Total Return index got into the negative, the values are close to those of the years 2016 and the increase in volume is similar to that of December 2015, which heralded later growth.
[Visualizer id = “3861”]
There was no pre-Christmas reassuring, on the contrary. The downturns were even more pronounced. DLNG wrote down 17%, GLOP-14.6%, GLOG-13% and HMLP-10%. Volumes were the largest on 20th December and mostly (except HMLP) it was a squeeze in price increases, so the candle graph was formed by long wick.
But! Looking at the intraday charts, we will see something completely different:
i
Both graphs, volume at price and 30 min. Candle chart show that practically the whole volume was made after regular hours and it was probably a buyback. We can see similar events with GMLP and GLOP. Disclaimer: Intraday data come from my broker and actual purchases may have been even higher. But even so, the increase in the volume is still significant.
Volumes were the most prominent of all the above-mentioned titles, i.e. TGP, GMLP and GLOP, similar in height to GLNG with twice the weekly diameter and HMLP, which was practically threefold in volume. DLNG had an increased volume, but not as previous ones.
Interesting at the end
I have read discussions and articles on SeekingAlpha and documents published by DLNG in the SEC. I realized my flaps on my eyes, when I automatically assume the same amount of payments for the entire duration of the contract. In particular, the DLNG daily rates are rising:
2018: 57 142 USD
2019: 60 370 USD
2020: 62 795 USD
These are not significantly different amounts and may be affected by the start and end of contracts. But that we do not know how the internal rules of the contracts apply.
LNG highlights of the past week:
- Cheniere seeks FERC permit to start Corpus Christi Train 2 commissioning
- Hoegh LNG wins another FSRU contract for Australian LNG import project
- German regulator deletes Brunsbüttel LNG connection pipeline from plans
- Cheniere, Malaysia’s Petronas Sign 20-Year LNG Pact
- Teekay LNG approves $100 mln share repurchase
All graphs can be found on a separate page.
Comparison of development UP Total Return Shipping index LNG with the popular ETF SPY. [Visualizer id = “4227”]
The post Big drop, huge volume first appeared on UP forum.]]>[Visualizer id = “3861”]
Years ago, on one Czech financial website, in a discussion on the article on Quantum analysis and its perspectives, a substantive remark appeared: “Just to not mean that they are studying oodles (quantum in Czech) of nonsense.” On author’s scorn to hot news we can remember these days, when one of the culprits of steep sales are called algorithmic business models.
In 50. week continued the decline of all shares included in UP LNG shipping indices, indices dropped by more than 73 points. In addition to the markets cursed DLNG lost mainly GLOP, GLOG, GLNG and HMLP. For GLNG, we must count on the dividend. Prices are starting to get to absurdly low level because the LNG market has begun to decline mostly already during this summer or sooner.
There was, of course, a break of the support/resist level, but it remains to be repeated that it is the weight of the moment and the negative situation on the whole market, to which the shares in downtrend react naturally more willing. Traded volume is also decreasing, for all titles except GLOG, GLOP and GMLP.
Let’s see if the week before the Christmas situation calm. But let’s not forget that prices are already starting to encourage interesting purchases.
LNG highlights of the past week:
- Latvia adopts US LNG
- Norwegian Flex LNG launches new tanker
- DSME Shipyards received another contract for LNG Tankers
- Shell expects to run FLNG Prelude by the end of this year
- Poland received another shipment of us LNG
All graphs can be found on a separate page.
Current UP indexes UP to 17. December 2018.
[Table ID = 3/]
Comparison of development UP Total Return Shipping index LNG with the popular ETF SPY.
[Visualizer id = “4227”]
The post Race to the bottom first appeared on UP forum.]]>