CLCO exercises options

Had not been paying close attention to CoolCo (CLCO) developments, and missed the new item from several weeks ago.

CLCO declared its purchase options on two LNG newbuilds.
CoolCo Announces Exercise of Purchase Option for two 2-stroke LNG Carrier Newbuilds (

I guess, in my mind, it was a foregone conclusion that CLCO would exercise the options given market factors and CLCO’s healthier financial position. The latter due to a recent asset sale.

With the delivery time-line, IMO regulations and the scraping of older LNG tankers, it seems that there is less risk for a buyer taking delivery of a new, somewhat expensive, shipping asset.