The global LNG shipping index (UP World LNG Shipping Index) decreased for the third consecutive week in the last week of September 2026, falling by 4.84 points (equivalent to 2.08%) to 228.04 points. This decline occurred while the S&P 500 index also faced a drop of 0.27%.
Analysis of Index Performance
While the global LNG shipping index has decreased, trading volumes have significantly fallen below average, with only slight changes recorded in the ratio of rising to declining symbols. This indicates that the decline is mainly due to some large symbols rather than being widespread.
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This week, two South Korean companies, Pan Ocean and Korea Line, topped the list of winners with increases of 8.26% and breaking through resistance levels, respectively. In contrast, K Line (-5.4%) and MISC (-4.08%) experienced the largest declines.
Gas Market and LNG Prices
The natural gas market is stabilizing, and LNG prices in Asia have decreased to around $25 per MMBtu. This price drop is due to increased gas exports from Qatar. However, these levels are still lower than pre-war levels in the Middle East. Additionally, gas storage in Europe is about 71% full, which strengthens expectations for strong LNG imports during the winter.
Spot tanker rates have also increased to $31,500 per day for the Atlantic and $38,250 per day for the Pacific. This rate increase indicates high demand and existing bottlenecks in the market.
Company Analysis
The company Pan Ocean has surpassed its resistance level with double-digit growth in its stock price. Meanwhile, Korea Line Corporation is also showing positive signs of attempting to start a new upward trend with an 8.26% increase in its stock price.
Among other companies, Dynagas LNG Partners is moving sideways with a 5.9% growth. Additionally, BP, Flex LNG, and Chevron are each approaching their highs with slight increases.
In contrast, K Line and MISC are experiencing significant declines, reflecting disappointing changes in the market.
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