Royal Dutch Shell Stock – LNG shipping stocks: Index is still rising
The UP World LNG Shipping Index, the world’s only stock index focused on companies in the LNG shipping industry, added nearly 1.45 points, or nearly 1.8%, last week. US stocks represented by the S&P 500 (SPX) index added 2.71%.
Of the companies included in the UP Index, Japanese companies grew the most again. These shares added between 9 and 13%. Because their weight in the UP index is relatively small and makes 1.46% (K Line, TSE:9107), 3.69% (MOL, TSE:9104) and 4.76% (NYK Line, TSE:9101), movement of the index was not significant.
The two biggest constituents of the UP World LNG Shipping Index, Qatar Gas Transport Company (QSE:QGTS) and Golar LNG Limited (NYSE: GLNG), virtually erased each other last week, with QGTS rising 1.3% and GLNG losing 1.4%. QGTS weight is a maximum weight of a single constituent: 20%. GLNG´s weight is 19.17%. You can find the current weight of constituents at up-indices.com.
The largest losses affected Dynagas LNG Partners LP (NYSE:DLNG) and Awilco LNG ASA (OSE:ALNG). The first lost 3.9% and the second 3.8%. The 3% decrease also affected the Belgian Exmar NV (BRX: EXM) and Royal Dutch Shell (NYSE: RDS.A).
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 world unique index covers 20 companies and partnerships from countries all over the world like the USA, Qatar, Japan, Norway, South Korea or Malaysia. The index covers more than 65 % of the world LNG carrier fleet.