Golar considers Cool Pool moves following GasLog exit

Golar considers Cool Pool moves following GasLog exitImage courtesy of Golar LNG Partners

LNG shipper Golar decided to assume ownership of the Cool Pool following the departure of GasLog and GasLog Partners’ vessels in June. 

To remind, GasLog and GasLog Partners have decided to exit the Cool Pool following Golar’s decision to spin off its TDFE fleet into a new pure-play LNG shipping entity.

Golar said that it, or the spin-off entity, will assume ownership of the Cool Pool following GasLog’s departure in June.  There will be a ramp down period to allow for the conclusion of existing GasLog vessel charter contracts, the statement reads.

Golar added it is in talks with other owners of similar tonnage to join the new shipping entity. It is expected that Golar’s spot traded TFDE carriers, the Golar Tundra together with Golar Power’s available TFDE carriers and any further tonnage within the new shipping entity will continue to trade within the Cool Pool after a formal launch of the spin-off.

Transfer of the Cool Pool to this new shipping entity is expected to create the leading independent provider of available on-the-water TFDE LNG carriers, Golar said.

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >