LNG shipping stocks: Geopolitical decline in International Shipping News 23/06/2026 Summary The UP World LNG Shipping Index lost 7.94 points (3.88%) last week, closing at 196.81 points and dropping below the 200-point mark, while the S&P 500 gained 0.93%. The UPI reacted to the easing of tensions around the Strait of Hormuz by declining further. The ratio of advancing to declining stocks was 4:16, the weighted index fell 6.66%, and trading volume rose by two-thirds. Asian gas prices fell by $4/mmBtu to their lowest level since February on progress toward a peace agreement and the lifting of the Strait blockade. COSCO Shipping Energy Transportation led the gainers with +10.29%, while New Fortress Energy fell 15% to new lows. UPI & SPX The UP World LNG Shipping Index, which tracks 20 listed LNG shipping companies, lost 7.94 points (3.88%), closing at 196.81 points, while the S&P 500 index gained 0.93%. The chart below illustrates the performance of both indices with weekly data. Broader View The UPI reacted to the easing of tensions around the Strait of Hormuz by declining further. The ratio of rising to falling stocks was 4:16, so it’s no surprise that the weighted UPI (wUPI) fell by 6.66%. Trading volume, on the other hand, rose by two-thirds, which is linked to the breakout of support levels and the strength of the move. According to Friday’s Reuters summary, gas prices are reacting to progress toward a peace agreement—and especially to the lifting of the blockade of the Strait of Hormuz—with a sharp decline. In Asia, gas prices fell by $4 per mmBtu to their lowest level since February. However, concerns about another closure persist. Gas remains cheaper in Europe, as Europe has so far covered its consumption through long-term contracts, while spot supplies have flowed to Asia. According to ICIS, Europe would now need one LNG tanker per day over the summer to make up for the delay in filling storage facilities. Spot rates for LNG tankers currently stand