First Regular Rebalance in 2023
The regular rebalance of the UP Index, which fell on 27 January, included update of the Free Float Factor (RFF), Reduction Gas Ratio (RGR), and Concanetation Coefficient (CC). There was no change in UPI constituents – the index covers nineteen companies and partnerships from the LNG Shipping sector worldwide. Please look at the new weight […]
Note to increased volatility in markets
This year has seen an extreme increase in the importance of LNG. Russia’s invasion of Ukraine prompted EU countries to unplanned demand for large quantities of LNG as a replacement for Russian gas. This situation caused an increase in gas prices and demand for maritime transport capacities. In connection with the globally fluctuating stock markets, […]
Regular Rebalance
November 5, 2022: On October 28, the regular rebalance of the UP World LNG Shipping Index took place. No constituent was added or removed; Reduction Gas Ratio (RGR) and Free Float Factor (WFF) were updated. All updates of ratios can be seen on Rebalance information site. In addition, new weights of constituents are available here. […]
Regular Rebalance & Three Changes of Constituents
The turn of July and August brought a regular rebalance of the UP Index. Two constituents were added, and one was removed. There were also some significant changes in the weight of constituents. Norwegian Cool Company Limited (OSE: COOL) and U.S. FSRU dominator Excelerate Energy, Inc. (NYSE: EE) are new constituents of the UP World […]
Regular Rebalance & New Constituent
On 29th April, the regular rebalance of the UP World LNG Shipping Index took place. Capital Product Partners LP (NASDAQ: CPLP) was added as a new constituent. Its initial weight is 1.91%. Weight of cobstituents: Only the weight of Qatar Gas Transport Company (Nakilat) and Golar LNG Ltd. remains the same at 20%. The weight […]
PAO Sovcomflot removed from the UP Index
Russian PAO Sovcomflot (ME: FLOT) was removed from the UP World LNG Shipping Index. Russian Federation owns 82.8 % of the stocks, and it is unacceptable to hold such a company in the UP Index now. Please look at the current weight of constituents.
Regular Rebalance
The last rebalance of the UP World LNG Shipping Index took place on January 28, 2022. Teekay LNG Partners was removed from the Index after de-listing. The Index now consists of eighteen constituents. All reduction factors were adjusted according to the methodology. Weight of constituents: Golar LNG Limited reached a maximum weight of 20%, same […]
52-Weeks Beta
Beta charts of the UP World LNG Shipping Index are now calculated on a 52-week basis. This will make the volatility measure even more precise.
Regular Rebalance: Two New Constituents & New Data Sources
Two new LNG shipping companies were added to the UP Index: New Fortress Energy (NYSE: NFE) and Russian PAO Sovcomflot (ME: FLOT).To increase the precision of the UP Index, we have also started to use two new internal data sources: UPI Time-Charter Equivalent and a database of LNG vessels. TCE is based on our calculation, […]
Regular Rebalance
Currently published data already include changes made during the regular rebalance of the UP World LNG Shipping Index on July 30, 2021. According to the current results of the constituents, reduction factors were adjusted, including weight gain in the UP Index. GasLog, whose weight has been 0% since June, has been removed from the UP […]