Golar, or, subject to interim market conditions, the spin-off entity, will assume ownership of the Cool Pool following GasLog’s departure in June. Golar claims that there will be a ramp down period to allow for conclusion of existing GasLog vessel charter contracts.
According to the statement, Golar is currently holding 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, as well as 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.
Golar claims that the 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. The formal launch of the spin-off and the transfer of the shares in Cool Pool thereto remains subject to satisfactory market and other closing conditions.
Read the article online at: https://www.lngindustry.com/lng-shipping/07062019/golar-announces-changes-to-the-cool-pool/
You might also like
OMV has announced the signing of a long-term sale and purchase agreement with Cheniere Energy, Inc., covering the supply of up to 850 000 tpy of LNG beginning in late 2029.