Idan Ofer’s Cool Company is well positioned to weather a period of lower LNG carrier earnings before a recovery from next year, Clarksons Securities believes.
After a steady second quarter, the shipowner’s Ebitda of $55.7m was slightly above the Bloomberg consensus of $55.5m.
Analysts led by Frode Morkedal said: “While we believe the market for LNG carriers will be well supplied in the near-term, CoolCo’s 80% contract coverage in 2025 provides earnings visibility in an expected softer market before liquefaction capacity accelerates into 2026.”
