The UP World LNG Shipping Index gained 2.24 points (+1.38 %), closing at 164.36 points as it bounced off its key 161 point support. Trading volume increased notably, and thirteen of the twenty one constituents advanced, resulting in a median change of +1.38 %.

Top performers included Capital Clean Energy Carriers (+10.71 %), Tsakos Energy Navigation (+6.32 %) and Japan’s “K” Line (+4 %). Moderate gains were recorded by Flex LNG (2.9 %), Chevron (≈2.8 %), NYK Line (1.4 %) and Dynagas LNG Partners (1.4 %).

On the downside, Awilco LNG and ADNOC L&S each slipped more than 4.5 %, while MISC (-3.4 %), Nakilat (-2.8 %), COSCO Shipping Energy (-0.8 %) and Golar LNG (-2.4 %) also fell. The index remains in a long term trading band of 161–170 points; although the late summer rally has been reversed, long term prospects for LNG shipping remain positive.

UPI & SPX
The UP World LNG Shipping Index, which tracks listed LNG shipping companies, gained 2.24 points (1.38%), closing at 164.36 points, while the S&P 500 index gained 1.70%. The chart below illustrates the performance of both indices with weekly data.

Week 42-2025: Chart of the UP World LNG Shipping Index with S&P 500 (Source: UP-Indices)

Broader View
After engaging support, the UPI rebounded to growth. This further emphasises the significance of this threshold at 161 points. The UPI is now trading within a long-term range of approximately 161-170 points.
As we mentioned in our past report, many UPI companies were also at their support levels. The rebound from these levels was accompanied by a notable increase in trading volume. For some companies, the growth manifested as a return to support after initially breaking through it at the start of trading.

The ratio of rising to falling companies stood at 13:8, with a median change of 1.38%.

Although the UPI rebounded from support, company movements are volatile.

Gainers
There was even one double-digit movement, and it was positive. Capital Clean Energy Carriers (NYQ: CCEC) increased by 10.71%. However, its growth ended just below the levels of this summer’s prices.

Tsakos Energy Navigation (NYSE: TEN) increased by 6.32%, maintaining the potential for its upward trend. This may prove more challenging than it appears, as current price levels serve as a significant barrier according to technical analysis. However, if the growth persists, it is likely to be more sustainable.

Japan’s “K” Line (TSE: 9107) experienced the last notable growth, rising by four percent as a rebound from support.
Other gains varied from under half a percent to just below three percent.

Flex LNG (NYSE: FLNG) achieved growth of nearly 3%, specifically 2.9%. After the previous decline, it returned to a sideways trend.

Chevron (NYSE: CVX) finished just below support, now resistance, correcting its previous decline by 2.8%.

After testing support, NYK Line (TSE: 9101) managed to grow last week, rising by 1.4%. MOL (TSE: 9104) was not so fortunate, with midweek growth but ultimately closing at the previous week’s closing price.

Dynagas LNG Partners (NYSE: DLNG) also held on to support, although it closed with a 1.4% gain and performed better during the week.

A similar conclusion can be drawn for Excelerate Energy (NYQ: EE), but with the difference that here we are definitely not at support, rather at resistance at a higher price level. Here, too, growth was rejected.

Cool Company (NYSE/OSE: CLCO) also rose by less than 1%, closing above the offered buyback price. This probably indicates a bet on third-quarter dividends, suggesting the withdrawal will not happen before the record date.
It was an intriguing week for Korea Line Corporation (KRX: 005880). During the week, it rose above resistance or somewhat broken support, but the price was rejected, and the share closed below this level again, despite a 0.4% increase.

Decliners
The declines were led by Awilco LNG (OSE: ALNG) and ADNOC L&S (ADX: ADNOCLS), both of which dropped over 4.5%. While ADNOC reversed its growth trend, Awilco ended its attempt at further expansion by returning to the range.

Similar to Awilco, but in the longer term, MISC (KLSE: 3816) recovered after an unsuccessful period of growth. It declined by 3.4%, despite buyers dominating at this price level the week before last.

Nakilat (QSE: QGTS) also broke through its short-term two-week support level and declined by 2.8%.

COSCO Shipping Energy (SS: 600026) fell by eight-tenths. Likewise, higher prices were rejected during the week.

Golar LNG (NYQ: GLNG) is gradually moving sideways towards support, declining by 2.4%.

Crystal Ball
The late-summer rise was rejected, and UPI returned to the previous range. This area provides firm support. In the short term, we estimate a rise in volatility of UPI´s constituents.
Our outlook remains steadfastly positive in the long term. The burgeoning demand for LNG, bolstered by situational or management-driven actions and the potential for new long-term contracts, paints a promising picture. Investors should watch policy developments, market competition, and upcoming corporate earnings for further direction.
Source: By Tomas Novotny, UP-Indices.com