Cool Company

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.

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

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

• LNG shipping
• Maritime transportation
• FSRU management
• Gas carriers
• Vessel chartering

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. 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.
2. FSRU Management Services: Revenue from providing management services to third-party FSRU owners, operating their vessels through CoolCo's in-house management platform.
3. 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

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• GAIL (India) LimitedcoreChannel Partner/ Reseller/ Distributor · 16 May 2024CoolCo 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 ServicecoreTechnology or Integration · 6 June 2023HD 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 LtdminorOthers · 27 January 2022Golar 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.
• SNAMminorChannel Partner/ Reseller/ DistributorCoolCo 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

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cool-company-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cool Company