THE drewry LNG Shipping Equity Index has seen a 12.7 per cent increase year-to-date, outperforming the S&P 500's 6.2 per cent rise, reports Hellenic Shipping News Worldwide.
This growth has been driven by significant gains in Nakilat and Golar LNG stocks.
Nakilat's stock surged after it won an order for 25 LNG vessels from QatarEnergy, while Golar LNG benefited from strong Q4 2023 results and heightened interest in its FLNG solutions.
Flex LNG stocks also recently recovered, thanks to rising LNG spot prices and extended long-term charters.
In contrast, LPG shipping companies have faced declines due to lower freight rates and subdued demand, although there was a slight recovery in April driven by improved chartering activity.
SeaNews Turkey
This growth has been driven by significant gains in Nakilat and Golar LNG stocks.
Nakilat's stock surged after it won an order for 25 LNG vessels from QatarEnergy, while Golar LNG benefited from strong Q4 2023 results and heightened interest in its FLNG solutions.
Flex LNG stocks also recently recovered, thanks to rising LNG spot prices and extended long-term charters.
In contrast, LPG shipping companies have faced declines due to lower freight rates and subdued demand, although there was a slight recovery in April driven by improved chartering activity.
SeaNews Turkey
