Cool Company Limited reported steady total operating revenue of $85.5 million for Q2 2025, with adjusted EBITDA improving to $56.5 million, driven by new vessel deliveries despite a challenging shipping market.
- Average time charter equivalent (TCE) rates slightly decreased to $69,900 per day.
- Adjusted EBITDA increased year-on-year, supported by new deliveries of the Kool Tiger and GAIL Sagar.
- The company continues to manage vessels effectively in a competitive spot market, aided by a solid backlog of charters.
- New LNG supply projects are progressing, with anticipated increases in supply expected to positively impact shipping dynamics through 2026.
- Market conditions remain challenging with high newbuild deliveries potentially weighing on future rates, yet a gradual recovery in rates has been observed.
Community Discussion