Eastern Pacific Shipping-led Cool Company (CoolCo) is seeing a raft of factors including the floating storage of LNG cargoes lining up to push charter rates higher this winter.

Speaking on a results webcast, chief executive Richard Tyrrell described the company as “quite excited” about the market outlook.

He highlighted that European gas storage is quite full and added: “we are starting to see charterers use LNG carriers for floating storage once again.”