Cool Company Ltd. Q1 2023 Business Update
Retrieved on:
Tuesday, May 23, 2023
Transfer, Exercise, FSRU, Insurance, JKM, DTC, Maintenance, Piracy, TTF, Accident, Quarter, Ice, Bank statement, Successor, Policy, SOFR, Golar LNG, MT Botaş FSRU Ertuğrul Gazi, ING, Risk, Golar Spirit, Carbon, Sale, CSDR, IMO, Acquisition, Knowledge, EPS, Hand, Environment, NYSE, Title Transfer Facility, Cryptocurrency, Airline, Security (finance), Holding company, Audit, Industrial gas, Risk management, LNG, European, Atlantic Ocean
The Golar Seal completed its charter and was immediately delivered to her new owner on March 22, 2023, ensuring no idle-time and a Q1 fleet utilization of 100%.
Key Points:
- The Golar Seal completed its charter and was immediately delivered to her new owner on March 22, 2023, ensuring no idle-time and a Q1 fleet utilization of 100%.
- There are no drydocks planned for 2023, with the next drydock expected during the second quarter of 2024.
- With the recent sale of the Golar Seal, the Company has sufficient funds available to fund the initial milestones of the newbuild option (if exercised) on or prior to June 30, 2023.
- The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.