LNG

GasLog-Golar pool ending

GasLog Ltd, the Monaco-based LNG fleet owner with 25 ships operating and nine others on order, and its US-listed affiliate GasLog Partners have announced the formal end of the “Cool Pool” spot shipping tie-up with Golar LNG. The “Cool Pool” is an LNG carrier pooling agreement between GasLog and Golar focusing on spot fixtures of up to 12 months. GasLog explained that its decision followed Golar’s declared intention to spin-off its spot LNG vessels, while GasLog believes there will soon be a tightening of the shipping market and an increase in multi-year charter opportunities.

Flex gets June date

Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, said its listing on the New York Stock Exchange would take place on June 17. The company, already listed on the Oslo exchange, said the company's ordinary shares had been approved for listing and would commence trading on the NYSE under the ticker name “FLNG”.

LNG carrier accident

Awilco LNG, the small Norwegian fleet owner with two vessels, has given details of an accident off Singapore involving its 156,000 cubic metres capacity carrier, the “WilForce”, which was struck by another vessel on May 30 while under charter. Awilco said no crew injuries or spills took place onboard the “WilForce” and the vessel was now at a yard in Singapore for class inspection and hull repairs.