Cool Company
Cool Company (CoolCo) is a Bermuda-domiciled pure-play LNG shipping company owning and operating a fleet of 13 LNG carriers and managing third-party FSRUs, serving oil & gas majors, energy traders, and utility companies via time charters. Wholly owned by Eastern Pacific Shipping after January 2026 going-private merger.
- Company typePrivate
- Founded2022
- HeadquartersOslo, Norway
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Cool Company does
Cool Company Ltd. (CoolCo) is a Bermuda-domiciled pure-play maritime transportation company specializing in the global shipping of liquefied natural gas (LNG). Founded in January 2022 as a spin-off from Golar LNG Ltd and headquartered in London with fleet operations in Oslo, the company owns and operates a fleet of 13 LNG carriers with capacities ranging from 160,000 to 174,000 cubic meters, featuring propulsion systems including ME-GA, X-DF, and TFDE engines, and membrane (Mark III Flex) and GTT NO96 E2 tank technologies. Beyond vessel ownership, CoolCo provides third-party Floating Storage and Regasification Unit (FSRU) management services and gas carrier management on behalf of Eastern Pacific Shipping through an in-house LNG transportation and infrastructure management platform.
The company's revenue model centers on time charters of its LNG carrier fleet to oil & gas majors, energy trading firms, and utility companies, combining long-term charter stability with short-term market exposure. The LNGe upgrade program — encompassing subcooler retrofits, anti-fouling coatings, prototype air lubrication system (ALS) installation, pre-swirl fins, and boil-off reliquefaction unit retrofits contracted to HD Hyundai Global Service — targets a 35% fleet-wide emissions reduction by 2030 versus 2019 and 10-15% per-vessel improvement. Managed services revenue comes from FSRU operations (e.g., BW Singapore on behalf of SNAM) and gas carrier management for third-party owners.
CoolCo was admitted to trading on Euronext Growth Oslo in March 2022, completed a direct listing on the NYSE in February 2023 (ticker: CLCO), and returned to private ownership in January 2026 via a cash merger with a wholly owned subsidiary of EPS Ventures Ltd. (Eastern Pacific Shipping) at $9.65 per share. EPS, the controlling shareholder since 2022, provides strategic positioning with shipyards, financial institutions, and deal flow. The company employs approximately 1,000 personnel — 900 seafarers and 80 shore staff across offices in London, Oslo, Kuala Lumpur, and Split.
Cool Company firmographics
Firmographics- Name
- Cool Company
- Legal name
- Cool Company Ltd.
- Website
- https://coolcoltd.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Cool Company (CoolCo) is a Bermuda-domiciled pure-play LNG shipping company owning and operating a fleet of 13 LNG carriers and managing third-party FSRUs, serving oil & gas majors, energy traders, and utility companies via time charters. Wholly owned by Eastern Pacific Shipping after January 2026 going-private merger.
- Ownership category
- akta.pro rank
Cool Company industry classification
Industry- Product category
- LNG Shipping & Maritime Transportation
- akta.pro primary industry
- LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC)
- akta.pro secondary industry
- LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD)
Keywords
Where Cool Company is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices4 records
Markets served
Cool Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- LNG Carrier Time Charters: CoolCo generates revenue through time charters of its LNG carrier fleet to the world's leading oil & gas, trading, and utility companies. The company has a well-balanced portfolio of short-term and long-term charters.
- FSRU Management Services: Revenue from providing management services to third-party FSRU owners, operating their vessels through CoolCo's in-house management platform.
- Gas Carrier Management: CoolCo manages gas carriers on behalf of Eastern Pacific Shipping, providing management services for their fleet.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Cool Company product offering
Product offeringCore offering
Cool Company is a pure-play LNG maritime transportation provider operating a fleet of LNG carriers, one FSRU, and two LPG carriers. It earns revenue primarily from time charter contracts with energy companies, utilities, and trading houses, and also offers third-party ship management and FSRU operations services. The company focuses on the LNG value chain from transportation to floating regasification.
Product overview
CoolCo is a pure-play LNG shipping company offering transportation solutions for liquefied natural gas, liquefied petroleum gas, and floating storage regasification services. The company operates its owned fleet of LNG carriers (including Kool Tiger, GAIL Sagar, Kool Orca, and others) and manages third-party FSRUs. The core offering consists of vessel ownership and operations combined with third-party fleet management services, supported by an in-house LNG transportation and infrastructure management platform. The company delivers vessels under short- and long-term charter agreements to oil & gas, trading, and utility companies worldwide.
Differentiator
Problem solved
Functional benefit
Products and services
- LNG Carrier Time Charters
Quantifiable outcome
- 35% fleet-wide emissions reduction target from 2019 to 2030
- +3 more outcomes
Companies that use Cool Company
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Cool Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Cool Company partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- GAIL (India) LimitedcoreCoolCo entered into a long-term charter with GAIL (India) Limited for a newbuild LNG carrier, providing LNG transportation services under a multi-year contract.
- HD Hyundai Global ServicecoreHD Hyundai Global Service signed a contract with CoolCo for LNG boil-off reliquefaction unit retrofit, improving environmental performance of CoolCo's fleet through advanced technology upgrades.
- Golar LNG LtdminorGolar LNG Ltd spun off CoolCo in early 2022 to establish CoolCo as an independent entity dedicated to LNG carriers and FSRU management. CoolCo acquired vessels and the FSRU management business from Golar LNG.
- SNAMminorCoolCo manages the BW Singapore FSRU, which is owned by SNAM, providing third-party FSRU management services.
Scale indicators6 records
Recent moves9 records
Expansion highlights4 records
Cool Company competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights7 records
Customer concentration
Cool Company social profiles
Digital presenceCool Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cool Company leadership team
Management profileNumber of profiles
Profiles2 records
Cool Company subsidiaries and ownership
Company hierarchySubsidiaries4 records
Cool Company funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cool Company M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cool Company
What does Cool Company do?
Cool Company is a pure-play LNG maritime transportation provider operating a fleet of LNG carriers, one FSRU, and two LPG carriers. It earns revenue primarily from time charter contracts with energy companies, utilities, and trading houses, and also offers third-party ship management and FSRU operations services. The company focuses on the LNG value chain from transportation to floating regasification.
Is Cool Company a public or private company?
Cool Company is a private company. It is classified as corporate owned and is currently operating.
When was Cool Company founded?
Cool Company was founded in 2022. It employs 1,001 to 5,000 people.
Where is Cool Company based?
Cool Company is headquartered in Oslo, Norway, in the Europe region.
How does Cool Company make money?
Three revenue lines are on record. LNG Carrier Time Charters are the primary driver. The others are FSRU Management Services and gas Carrier Management.
Does Cool Company have an API?
No public API is recorded for Cool Company.
What industry is Cool Company in?
Cool Company's product category is LNG Shipping & Maritime Transportation. Its primary akta.pro industry code is EUALAFAC, LNG Shipping & Marine Transportation (LNG Carriers, Chartering), with a secondary code of EUALAFAD, LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG).