Eastern Pacific Shipping-led LNG carrier shipowner Cool Company (CoolCo) has cashed in on the current red hot rising charter rate environment by fixing out almost half its fleet of eight tri-fuel diesel-electric (TFDE) LNG carriers.

Announcing on Monday that it will be paying a quarterly dividend from the first quarter of 2023, Cool Co referenced that since it was formed at the start of 2022 it fixed a first vessel in April for one year at $120,000 per day.