New York-listed GasLog and spin-off GasLog Partners are withdrawing their LNG carriers from their pooling joint venture with Golar LNG.
The Cool Pool focuses exclusively on spot fixtures of up to 12 months in duration, but will now be left with just Golar's tonnage.
GasLog said: "Golar’s declared intention to spin off its spot LNG vessels, coupled with the group’s belief that robust LNG commodity supply and demand fundamentals will lead to a tightening LNG shipping market and increased multi-year charter opportunities, has led it...