Golar considers Cool Pool moves following GasLog exit

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.