CoolCo

Passive air lubrication innovator Armada reports successful seed funding round

Armada passive air lubrication technology

Birkenhead, U.K., headquartered passive air lubrication system developer Armada Technologies reports that it has closed its seed funding round, raising a total of $3.2 million.

The seed funding round will see LNG carrier operator Cool Company Management Ltd. (CoolCo) part-fund Armada equipment that will be installed on its vessels.

Armada’s second-generation passive hull air lubrication system (PALS) uses a venturi system, partnered with the vessel’s forward motion, to create a bubble spread that...

https://www.marinelog.com/news/passive-air-lubrication-innovator-armada-reports-successful-seed-funding-round/

CoolCo Secures Multi-Year Forward Time Charter Deal

Credit: mamunurpics/Pexels

Cool Company (CoolCo) has entered into a new time charter agreement for one of its TFDE vessels, says an article published on Offshore-energy.

Vessel’s current charter

The multi-year charter with an undisclosed energy major starts early next year, upon redelivery from the vessel’s current charter. It will add backlog through to 2027, CoolCo said.

The company did not reveal additional details about the agreement.

Contract demonstrates

“We are delighted to have secured this...

https://mfame.guru/coolco-secures-multi-year-forward-time-charter-deal/

Höegh LNG To Acquire 2013-Built 160,000 cu m Golar Seal

Credit: guillaume-bolduc-unsplash

Norway’s Höegh LNG has entered into an agreement with Eastern Pacific Shipping-led LNG shipowner CoolCo to acquire the 2013-built 160,000 cu m Golar Seal for $184.3m, says an article published on Splash.

Expects to employ

Delivery should take place in late March or April 2023. Höegh LNG said the purchase price is in line with the market level for similar vessels and expects to employ the unit on a time charter.

Conversion opportunities

“We are very pleased to make...

https://mfame.guru/hoegh-lng-to-acquire-2013-built-160000-cu-m-golar-seal/

CoolCo Signs Another LNG Carrier Charter

LNG carrier operator CoolCo, formed by Idan Ofer’s Eastern Pacific Shipping and Tor Olav Troim’s Golar LNG, has signed another charter deal for one of its LNG carriers, reports LNG Prime.

LNG charter deal

The firm said last month it agreed a charter deal at either about $190,000 per day for one year or $120,000 per day for three years and was in “advanced discussions on a second three-year charter for a vessel available in the first quarter of 2023.”

CoolCo said in tis third-quarter report on...

https://mfame.guru/coolco-signs-another-lng-carrier-charter/

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