Gas

Two CoolCo LNG carriers exposed to ‘challenging’ spot market in action-packed quarter

Shipowner is seeing a return to multi-year deals on back of long-term chartering needs

CoolCo chief executive Richard Tyrrell said the company is expecting the market to tighten, driven by new LNG volumes coming online and the expected extensive scrapping of ageing steam turbine vessels.
CoolCo chief executive Richard Tyrrell said the company is expecting the market to tighten, driven by new LNG volumes coming online and the expected extensive scrapping of ageing steam turbine vessels.Photo: Jonas Walsgård
TradeWinds correspondentLondon
Published 21 May 2025, 08:30Updated 21 May 2025, 09:24
Cool CompanyLNG carriersRichard TyrrellNorwayIdan Ofer