cool co.

Older LNG Vessels’ Value Rising as Newbuild Prices Soar

Older LNG Vessels’ Value Rising as Newbuild Prices Soar

As the price of new LNG vessels increases, and as shipyard slots dwindle, the value of older tankers is also on the rise. Bermuda-based Cool Company Ltd. (CoolCo) disclosed earlier this month that it plans to sell the 10-year old tri-fuel diesel electric (TFDE) Golar Seal for $184 million. The buyer, Höegh LNG Holdings Ltd.,…

February 24, 2023