LNG shipping stocks: Slowdown in the decline in International Shipping News 30/06/2026 The UP World LNG Shipping Index gained 0.94 points (0.48%) last week, closing at 197.74 points, while the S&P 500 lost 1.95%. The UPI moderated its decline on above-average trading volume, though the weighted index continued to fall by 1.9%. The UPI remains above its 50-week moving average, so it still has room for a safe decline. The ratio of declining to advancing companies was 7:13. Qatari gas is expected to return in September according to ICIS, with at least 10 empty LNG tankers transiting westward through the Strait of Hormuz this week — the largest weekly number since the war began. Excelerate Energy led the gainers with +9%, while New Fortress Energy fell 22.4% to new lows. UPI & SPX The UP World LNG Shipping Index, which tracks 20 listed LNG shipping companies, gained 0.94 points (0.48%), closing at 197.74 points, while the S&P 500 index lost 1.95%. The chart below illustrates the performance of both indices with weekly data. Week 26-2026: Chart of the UP World LNG Shipping Index with S&P 500 (Source: UP-Indices) Broader View The UPI moderated its decline again last week, though this time on above-average trading volume. Nevertheless, the weighted UPI (wUPI) continued to fall by 1.9%. The UPI remains above its 50-week moving average (equivalent to 200 days), so it still has room for a safe decline. The ratio of declining to advancing companies was 7:13. According to Friday’s summary from Reuters, gas prices remained stable, with Qatari gas expected to return in September (according to ICIS). While traffic through the Strait of Hormuz is rising daily, ships are mostly avoiding the central area of the waterway, with many opting to hug the Omani side of the strait. So far, at least 10 empty LNG tankers were seen transiting westward through the strait to load in Qatar this week, the largest weekly number since the war began on February 28. The heatwave in Nort