LNG shipping stocks: Japanese rise in International Shipping News 09/06/2026 The UP World LNG Shipping Index gained 0.53 points (0.26%) last week, closing at 203.97 points, while the S&P 500 fell 2.59%. The UPI has slowed its decline and is now trading between its short-term and long-term moving averages. At the same time, the weighted index recorded a stronger 2.47% gain, signalling that the larger constituents drove the index higher. The ratio of advancing to declining stocks was 9:10 with one unchanged, and trading volume was significantly below average. Geopolitics remains the main market driver: gas continues to flow to Asia, where Chinese demand is pushing prices higher, while Pakistan is among the countries most affected by the closure of the Strait of Hormuz. The Japanese trio led the gainers, with “K” Line up 7.2%, Mitsui O.S.K. Lines nearly 6%, and NYK Line 5.6% — all benefiting from technical breakouts and rebounds from previous ranges. Chevron and BP each rose around 2.6%, while Exmar added 2.65% and Golar LNG gained 1.85%, supporting the weighted index. New Fortress Energy was the biggest decliner, down 10.34% and falling to new lows. Korea Line Corporation lost 9.8% on very low volume, breaking through support, while COSCO Shipping Energy Transportation declined further. ADNOC Logistics & Services fell 4.67% within its sideways range, and Nakilat dropped 2.8%. The long-term outlook remains positive. UPI & SPX The UP World LNG Shipping Index, which tracks 20 listed LNG shipping companies, gained 0.53 points (0.26%), closing at 203.97 points, while the S&P 500 index lost 2.59%. The chart below illustrates the performance of both indices with weekly data. Week 23-2026: Chart of the UP World LNG Shipping Index with S&P 500 (Source: UP-Indices) Broader View The UPI has slowed its decline and is trading between the short-term (10-day MA, equivalent to 50 days) and long-term (40-day MA, equivalent to 200 days) moving averages. While the sh