CoolCo Signs Another LNG Carrier Charter

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LNG carrier operator CoolCo, formed by Idan Ofer’s Eastern Pacific Shipping and Tor Olav Troim’s Golar LNG, has signed another charter deal for one of its LNG carriers, reports LNG Prime.

LNG charter deal

The firm said last month it agreed a charter deal at either about $190,000 per day for one year or $120,000 per day for three years and was in “advanced discussions on a second three-year charter for a vessel available in the first quarter of 2023.”

CoolCo said in tis third-quarter report on Wednesday that the charter agreed from end October was confirmed as a three-year charter at about $120,000 per day. In addition, the LNG shipper concluded talks for the second charter deal.

The three-year charter would start in the first quarter of 2023 at a rate that “steps down from a high level to a lower level and averages approximately $120,000 per day over the period of the charter,” CoolCo said.

CoolCo owns eight TFDE LNG vessels it bought from Golar and the four vessels it recently purchased from Quantum Crude Tankers, an affiliate of EPS. These four LNG carriers serve Shell under charter deals.

Besides these owned vessels, CoolCo manages a fleet of 27 third-party vessels and floating LNG infrastructure assets, according to the quarterly report.

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Source: LNG Prime

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