The UP World LNG Shipping Index (UPI) is a rules-based stock index family designed to track and measure the performance of publicly traded companies involved in the maritime transport of liquefied natural gas (LNG).
Established in 2020, the index currently comprises 20 publicly traded LNG shipping companies listed on exchanges worldwide. These constituents account for over 65% of the global LNG carrier fleet (as of 2020), making UPI the most comprehensive publicly available measure of the LNG shipping sector.
The index employs a transparent, rules-based methodology that combines market capitalisation and fleet capacity to determine constituent weightings. This approach ensures the index accurately reflects each company’s financial scale and operational significance in the global LNG shipping industry.
20 companies
Publicly traded LNG shipping companies worldwide
65%+ Coverage
Of the global LNG carrier fleet (2020)
9 Countries
From the USA to Qatar
Global Index Composition
UPI constituents are listed on stock exchanges in nine countries, with the United States accounting for the largest share at 50%, followed by Japan at 15%. This geographic diversification ensures the index captures the truly global nature of the LNG shipping industry.
With 20 global constituents, UPI reflects the sector’s leaders (alphabetical order):
ADNOC Logistics and Services plc: Integrated marine logistics and energy services arm of ADNOC, supporting logistics, shipping and ESG initiatives.
Awilco LNG ASA: Norwegian pure-play LNG shipping company; owns and operates modern LNG vessels active in international trade.
BP p.l.c.: Global energy major active across the value chain, including LNG shipping, production, trading and infrastructure.
Capital Clean Energy Carriers Corp.: A transformation company focusing on modern LNG carriers, owning a fleet of high-spec vessels and expanding its LNG footprint.
COSCO Shipping Energy Co., Ltd.: Chinese shipping conglomerate active in energy transport, including LNG vessels and infrastructure across Asia.
Chevron Corporation: Energy supermajor with strategic investment in LNG shipping and liquefaction segments globally.
Dynagas LNG Partners LP: Player in LNG shipping specialising in long-term charters and Arctic vessel operations.
Excelerate Energy, Inc.: Provides floating LNG solutions and shipping integration, including FSRU / FLNG operations.
Exmar N.V.: Belgian maritime and energy company with presence in LNG shipping, gas infrastructure, and floating solutions.
Flex LNG Ltd.: Operating one of the youngest LNG fleets globally, active in both spot and long-term charter markets.
Golar LNG Limited: Pioneer in LNG shipping & floating infrastructure, combining owning, chartering, and FLNG development.
Kawasaki Kisen Kaisha, Ltd.: Japanese shipping conglomerate (“K” Line) with involvement in LNG shipping and vessel operations.
Korea Line Corporation: outh Korean shipping company engaged in LNG and energy transport services.
MISC Berhad: Malaysian shipping group with significant LNG carrier operations, integrated into Malaysia’s energy network.
Mitsui O.S.K. Lines: Japanese trading and shipping giant with LNG shipping as part of its diversified global maritime portfolio.
New Fortress Energy Inc.: Energy and infrastructure company integrating LNG shipping in its downstream & logistics operations.
Nippon Yusen Kabushiki Kaisha: NYK Line — Japanese shipping major with exposure to LNG transport and maritime logistics.
Qatar Gas Transport Company (Nakilat): Qatari national LNG shipping company, operating one of the world’s largest LNG fleets.
Shell plc: Global energy leader with integrated LNG shipping, trade, production, and conversion capabilities.
Tsakos Energy Navigation Limited: Greek shipping firm with exposure to energy shipping, including LNG and related marine logistics.