The UP World LNG Shipping Index sets the measure for the LNG shipping industry.
UPI tracks the performance of publicly listed LNG shipping companies worldwide — bringing clarity to a fast-moving sector.
The UP World LNG Shipping Index (UPI) is a rules-based stock index family that tracks and measures the performance of publicly traded companies engaged in the maritime transport of liquefied natural gas (LNG).
Established in 2020, the index currently covers 20 publicly traded LNG shipping companies. This comprehensive coverage provides investors and industry professionals with a reliable tool for the LNG shipping sector.
The index uses a transparent, rules-based methodology to ensure consistent, objective tracking of sector performance. Companies are weighted by fleet capacity and market capitalisation, providing a balanced view of the industry.
UPI data is updated in real time and is accessible via our professional API, making it an essential tool for investment analysis, market research, and industry comparison.
The only dedicated index for the LNG shipping sector globally
A single index containing all publicly traded LNG shipping companies.
Rules-based approach ensures consistency and reliability
February 10, 2026: The UP World LNG Shipping Index edged higher by 0.59% to close at 183.44 points, extending its record-breaking run and setting yet another all-time high. While the gain was modest compared to recent weeks, the index continued to outperform the S&P 500, which slipped 0.1%. Trading volume remained above average with a balanced 10:9 ratio of advancing to declining stocks, reflecting consolidation after the previous week’s strong rally. Japanese shipping companies led the gains, with Mitsui O.S.K. Lines and “K” Line both posting 5% increases, while Golar LNG recorded its sixth consecutive weekly gain at 4.14%.
The week’s most significant development was the landmark 27-year LNG supply agreement between QatarEnergy and Japan’s JERA for 3 million tonnes per annum, marking the return of substantial Qatari gas supplies to one of the world’s largest LNG consumers and reinforcing the strategic importance of long-term contracts in the sector. Warmer temperatures across Europe and Asia led to lower gas prices and stabilised spot tanker rates at the previous week’s levels. On the downside, Awilco LNG fell 8.4% as low spot rates continued to weigh on the company, while Capital Clean Energy Carriers and New Fortress Energy also posted losses. The long-term outlook remains positive, supported by steam vessel scrapping and new liquefaction capacity additions, though weather, quarterly earnings, and geopolitical events will drive near-term volatility. Read or listen more…
February 3, 2026: The UP World LNG Shipping Index surged 4.05% to close at 182.36 points, breaking through the 180-point barrier for the first time in history and setting new all-time highs. This strong performance contrasted sharply with the S&P 500, which gained 0.3% over the same period. Trading volume remained well above average with a decisive 15:4 ratio of advancing to declining stocks, as several constituents broke through key resistance levels on elevated volume. COSCO Shipping Energy Transportation led gains with a 10.6% rise, followed by Chevron at 6.1%, while oil majors Shell and BP also posted solid advances above their respective resistance levels.
The sector’s rally comes amid challenging fundamentals for spot charter markets, with Atlantic rates continuing their decline to $11,000 per day according to Spark Commodities. Freezing weather across Europe has increased gas consumption, although suppliers are drawing from storage rather than purchasing at elevated prices, leaving EU storage at around 42% capacity. New Fortress Energy remained the notable laggard, plunging 23.56% amid ongoing restructuring concerns, while Dynagas LNG Partners and Awilco LNG also posted losses. The outlook remains positive in the long term, supported by steam vessel scrapping and additions to liquefaction capacity, though near-term volatility is expected to persist given weather patterns, natural gas prices, quarterly earnings, and geopolitical developments. Read or listen more…
January 27, 2026: The UP World LNG Shipping Index, which tracks listed LNG shipping companies, gained 2.08 points (1.20%), closing at 175.26 points, while the S&P 500 index lost 0.35%. UPI is less than a point away from its historic high of 176.15 points after rising for five consecutive weeks. This proximity has caused a slight slowdown in individual companies, and volume was only slightly above average.
New Fortress Energy led gains with 22.54% growth, closing above the range in which it had been trading since November. Excelerate Energy confirmed its previous breakout with 8.5% growth. On the downside, Awilco LNG lost 4.48% to support, and NYK Line fell 2.5% as the only Japanese company to decline. Spot rates continue to fall sharply, especially in the Atlantic, where the closed US-Asia arbitrage is directing cargoes to Europe. Our long-term outlook remains positive. Read or listen more…
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