New Stock Index Launched for LNG Shipping
A newly launched stock index family is designed to measure the performance of companies involved in maritime transport of liquefied natural gas (LNG).
The rules-based UP World LNG Shipping Index covers 17 publicly traded companies and partnerships from countries such as the U.S., Qatar, Japan, Norway, South Korea and Malaysia. The index covers 65% of the world LNG carrier fleet.
"Our aim is to set up the UP World LNG Shipping Index as the leading index for the rising LNG shipping industry," said Tomas Novotny, CEO of the administrator's company UP forum s.r.o., based in the Czech Republic.
The index also utilizes a unique reduction factor, allowing inclusion of companies active in areas other than just LNG shipping.