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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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Thursday, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
...
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- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
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- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- SMC Global Power, Philippines
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
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