Ports and Shipping - Drewry: lng shipping equity index up 16.3pc during 2023.

Byline: S. KAMAL HAYDER KAZMI

The Drewry LNG Shipping Equity Index increased 16.3 percent YTD (as of 13 July 2023), underperforming the SandP 500, which rose 17.5 percent during the same period. The stock price of Nakilat jumped 14.5 percent, that of Golar LNG increased 3.6 percent, while Flex LNG's declined 4.8 percent. In June, Nakilat and Flex LNG share prices increased 3 percent and 2.5 percent respectively but Golar LNG's declined 1.9 percent. Nakilat stock has benefited from a steady rise in JV income (both from shipyard and LNG/LPG JVs) in the last few...