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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, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
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