36 points and exceeding the 180-point mark for the first time in its history. 3% over the same period. Trading activity was robust, with volume well above average and a 15:4 ratio of rising to falling stocks.
1%). Shell, BP, Tsakos Energy Navigation, and Nakilat all moved above their respective resistance levels. Atlantic spot charter rates continued declining to $11,000 per day.
Freezing weather in Europe is increasing gas consumption, with suppliers drawing from storage facilities currently at around 42% capacity. 56%, leading decliners amid ongoing restructuring. 7%.
The UP World LNG Shipping Index remains a key indicator of the industry's performance, supported by steam vessel scrapping and new liquefaction capacity. Established in 2020, it is designed to measure the performance of publicly traded companies worldwide involved in the maritime transportation of liquefied natural gas (LNG). This unique index covers 21 companies and partnerships worldwide, representing over 65% of the world’s LNG carrier fleet in 2020.
The index's long-term outlook remains positive due to its rules-based design and comprehensive coverage of the industry.
The recent gains in the UP World LNG Shipping Index are a testament to the growing demand for liquefied natural gas, driven by increasing energy consumption and the need for cleaner fuels. As the industry continues to evolve, it will be interesting to see how this index reflects changes in the market.
