LNG carriers

LNG shipping stocks reach new highs

The UP World LNG Shipping Index, a rules-based stock index family designed to show and measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG), advanced more than 1 point or more than 1.15% last week. US equities represented by the S&P 500 index rose 0.61%.

Many of the constituents of the UP Index gained more than 2% and many of the rising stocks moved above previous highs.

The top performer was Antwerp-headquartered Exmar NV (BSE:EXM). Stocks of the Belgian company jumped more than 11% and are back in the area before the problems with the contract for FLNG Tango last June.

In second and third place were Tokyo-listed NYK line (TSE:9101) and MOL (TSE:9104). Their stocks surged 7.7% and 6.4% respectively.

The top 3 laggards were, Oslo-based Awilco dropping 6.9%, followed by Bermuda-headquartered Flex LNG (NYSE:FLNG) which corrected its previous growth and lost 4.7% after dividend ex-date, and South Korean SM KLC (KRX:005880).

This world unique index covers  companies and partnerships from countries all over the world like the USA, Qatar, Japan, Norway, South Korea or Malaysia. The index covers more than 65 % of the world LNG carrier fleet.

(Source: UP Indices)

Below are the constituents of the UP World LNG Shipping Index in alphabetical order:

Awilco LNG ASA
Established in 1939, Awilco and is a private shipowning company located in Oslo (Norway) focusing on investments in and operation of shipping and offshore assets.
BP p.l.c. (since December 2020)
The 112  year-old British multinational oil and gas company headquartered in London, is one of the world’s seven oil and gas “supermajors.”
Chevron Corporation (since December 2020)
The California-headquartered multinational energy corporation, founded in 1879, is active in more than 180 countries. Chevron was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s.
Dynagas LNG Partners LP
Founded in 2003, Dynagas LNG Partners LP, is based in Monaco. It is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters.
Exmar N.V.
Brussels-listed EXMAR NV was founded in 2003 and engages in the transportation of liquefied gas products. It operates through the following segments: Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG), Offshore, and Supporting Services.
Flex LNG Ltd
Bermuda-headquarterted Flex LNG Ltd was established in 2006, is an owner and commercial operator of liquefied natural gas (LNG) carriers.
GasLog Ltd
Greece-based GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain.
GasLog Partners LP
NYSE-listed GasLog Partners is a growth-oriented owner, operator and acquirer of LNG carriers.
The Partnership’s fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm.
Golar LNG Limited
Founded 75 years ago, Nasdaq-listed Golar LNG is headquartered in Bermuda and is the first company to convert ships into FSRUs and FLNGVs and harness waste energy to improve the efficiency of both.
Höegh LNG Holdings Ltd. (till May 2021)
The Bermuda-based and Oslo-listed company operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs).
Höegh LNG Partners LP
A growth-oriented limited partnership formed by Höegh LNG Holdings Ltd.
Kawasaki Kisen Kaisha, Ltd. (“K” Line) (since December 2020)
Founded in 1919 in Tokyo, K Line owns a fleet that includes dry cargo ships, container ships, liquefied natural gas carriers, Ro-Ro ships, tankers, and container terminals.
Korea Line Corporation (SM Korea Line)
Incorporated in 2016, SM Line Corporation (SML) is a South Korean container liner shipping company based in Seoul.
MISC Berhad
Incorporated in 1968 in Malaysia, MISC Berhad is a world leading provider of international energy related maritime solutions and service. Malaysian national oil company Petronas owns 62% of MISC, which was formerly known as Malaysia International Shipping Corporation.
Mitsui O.S.K. Lines (MOL)
Founded in 1942 as Mitsui Steamship Co., Tokyo-based Mitsui O.S.K. Lines (MOL) is one of Japan’s largest carriers of containerized and other cargo.
Nippon Yusen Kabushiki Kaisha (NYK)
Formed in 1885 through a merger between the shipping assets of Mitsubishi and the Kyodo Unyu Kaisha (KUK) or Union Transport Company, NYK is  the largest marine transporter in Japan. NYK was selected as a 2021 DX Stock by METI and the TSE, the third honor for NYK following its selection as a Competitive IT Strategy Company in 2016 and 2017.
Qatar Gas Transport Company (Nakilat)
Qatar-based Nakilat is a shipping and maritime company with the world’s largest LNG shipping fleet.  It was founded in 2004 and is listed on the Qatar Stock Exchange.
Royal Dutch Shell plc
Formed in 1907 through the merger of the Royal Dutch Petroleum Company of the Netherlands and the “Shell” Transport and Trading Company of the United Kingdom, the multinational oil and gas company is headquartered in The Hague, Netherlands, and is one of the oil and gas “supermajors.” Measured by 2020 revenues, Royal Dutch Shell is the fifth-largest company in the world.
Teekay LNG Partners LP
NYSE-listed Teekay celebrated last month its 48th birthday. The company was founded in 2004 and is headquartered in Bermuda.

Note: Two constituents were removed from the UP World LNG Shipping Index during the regular rebalance on 7th May 2021: Golar LNG Partners LP (ex-NYSE:GMLP) and Höegh LNG Holding Ltd. (OSE: HLNG)


 

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