Mar 31, 2025, 10:30 AM
Mar 31, 2025, 10:30 AM

Cool Company Ltd. files crucial annual report amid LNG market dynamics

Highlights
  • Cool Company Ltd. has filed its Form 20-F Annual Report for 2024 with the SEC.
  • The company operates a fleet of 13 LNG carriers and focuses on organic growth and acquisitions.
  • This filing reflects CoolCo's commitment to transparency and its strategy in a dynamic LNG market.
Story

On March 31, 2025, Cool Company Ltd. announced from London that it has submitted its Form 20-F Annual Report for the fiscal year ending December 31, 2024, to the Securities and Exchange Commission in the United States. This filing highlights the company's ongoing activities and operational adjustments in a competitive LNG carrier market. CoolCo operates as a pure play LNG carrier, managing a fleet of 13 vessels and engaging in both short- and long-term charters with respected oil and gas firms globally. The company emphasizes its organic growth strategy, bolstered by the delivery of two new vessels in late 2024 and early 2025. The operation is strengthened through partnerships, especially with Eastern Pacific Shipping, enhancing its dealings with financial entities and shipyards. CoolCo is actively pursuing opportunities for development, aiming for strategic acquisitions while addressing the fragmented nature of the LNG market. Furthermore, the company is committed to environmentally responsible practices, implementing an LNGe upgrade program that aims at a fleet-wide emissions reduction of 35% between 2019 and 2030. This aligns CoolCo with international trends promoting decarbonization and energy security. The availability of the Form 20-F report is an integral part of CoolCo’s transparency towards shareholders, who can request a hard copy for free. The company's disclosure is in compliance with the applicable regulations under EU and Norwegian Securities law. This proactive communication illustrates CoolCo's commitment to stakeholder engagement and operational excellence in the rapidly evolving LNG sector.

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