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Project Insights

Golar, Awilco and TMS Cardiff to form LNG tanker consortium

Three leading LNG shipowners are planning to launch a 16-vessel joint entity named The Cool Company
By Staff reporter 10 December 2018 World / LNG 0 33610

Three leading LNG shipowners are planning to launch a 16-vessel joint entity named The Cool Company, according to Lloyd’s List.

Golar LNG, Awilco LNG and TMS Cardiff Gas will contribute vessels to the fleet and are looking to hold an initial fundraiser in Norway’s over-the-counter market before the end of the year.

High spot charter rates for LNG carriers are encouraging consolidation.