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%.