LNG Shipping Stocks: Market Turbulence Affects Shippers With Mixed Results
LNGCheniere(LNG) Seeking Alpha·2024-08-13 01:28
Abstract Aerial Art Summary Last week, the UP World LNG Shipping Index (UPI) experienced a decline of 2.30%, closing at 160.97 points, while the S&P 500 remained primarily stable. The drop in LNG shipping stocks mirrored a global market downturn, heavily influenced by Japan's sharp decline early in the week. However, some constituents like Capital Product Partners (CPLP) and Golar LNG (GLNG) showed resilience, posting modest gains. Despite widespread volatility, positive sentiment persisted, with many s ...