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Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 0.16%. You can find both indices in the image below.
The UPI is on the rise and has broken through the second-to-last resistance line formed in February of this year. Now, it is the third attempt to break the highest border, but previous attempts did not look as promising and did not reach such high levels. The success of the UPI is mainly due to the strong performance of Asian companies. While European and American shares mostly declined or hovered around zero, Asian companies were growing very strongly.
NYK Line (TSE: 9101) grew the most, with a 6.1% increase that surpassed the highs from the beginning of this year. The second most profitable company was the sole American representative, Golar LNG (NASDAQ: GLNG), which grew by 5.2% and once again broke out of the previous first support ledge. However, the change in the uptrend is still far away because, from the current price of $23.77, there are over six dollars left to the upper limit of the bracket.
Korean SM KLC (KRX: 005880) added exactly five percent – a significant increase after a long decline. This growth led to a close touch of the bottom of the range, from which the stock fell out in late August. Meanwhile, Japanese company M.O.L. (TSE: 9104) has continued to rise since breaking its previous highs in August, adding another 4.2% last week.
Last but not least, Qatar’s Nakilat (QSE: QGTS) contributed to the growth of UPI by adding 3.2% to its shares. But even this company still has a long way to go to overcome the previous highs.
Although the last Japanese representative of the “K” line (TSE: 9107) added just under two percent, it is also very close to the historical highs of 2007. Finally, we will mention one representative of European-American companies. It is Shell (NYSE: SHEL), which rose by 2.3% and confirmed a breakthrough above this year’s resistance.
Of the companies that lost value, we will only mention Flex LNG (NYSE / OSE: FLEX), which lost 2.4% and closed below $30, just on the lowest part of the support area. So even this company can rise, especially with the high contract coverage.
To sum up, the growth of UPI is primarily driven by Asian stocks, particularly Japanese stocks. This week, the Qatari representative joined the growth, which is the largest company in our index. Most of the other companies are in a support area from where they can grow due to the upcoming winter season.
UP World LNG Shipping Index, established in 2020, is a rules-based stock index family designed to show and measure the performance of worldwide publicly traded companies involved in the maritime transport of liquefied natural gas (LNG).
This unique index covers 18 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers over 65% of the world’s LNG carrier fleet. UP Index is a premium service.
We offer freemium (the basic chart of the UP Index and S&P 500 index) and trial access to all charts.
Source: UP-Indices.com
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
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