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Dynagas, GasLog and Golar LNG enter into an LNG Carrier Pool agreement

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LNG Industry,

Dynagas Ltd, GasLog Ltd and Golar LNG Ltd have entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market. The LNG Carrier Pool is to be named ‘The Cool Pool’, and will initially consist of 14 modern, high quality and essentially equivalent vessels powered by fuel-efficient Tri Fuel Diesel Electric (TFGE) propulsion technology.

Dynagas and Gaslog will initially have three vessels each eligible for contribution while Golar LNG will have eight vessels. Each vessel owner will be fully responsible for the manning and technical management of his or her respective vessels.

Tony Lauritzen will take overall responsibility for the running of The Coo Pool, and Morten Nielsen will be Pool Manager.

The Cool Pool is expected to open in September 2015.

Edited from press release by

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