The UP World LNG Shipping Index (UPI) has climbed back above the 200-point threshold, marking a significant recovery in liquefied natural gas freight rates.
The weighted version of the index, wUPI, strengthened by 4%, indicating that larger vessels are commanding higher premiums as shippers adjust to persistent route risks.
This rebound comes despite a balanced market sentiment, with the ratio of rising to falling components standing at an even 10:10.
Trading volume remained below average, suggesting that while prices are firming, participation is cautious.
The move reflects a market recalibrating to the dual pressures of geopolitical instability and adverse weather conditions affecting key trade corridors.
The resurgence in LNG shipping rates underscores the continued vulnerability of global energy supply chains to disruptions in the Strait of Hormuz.