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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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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Siam City Cement - Thailand
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