We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
|
|
|
Showing 66 to 70 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Deloitte Consulting - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
|
| |
| |
|
