Sitemap | Glossary

Company Facts

Home > Company Facts > History

History

anchor_ill.jpgWe are a LNG Shipping company formed on May 10, 2001 from our predecessor, Osprey Maritime. We are engaged in the acquisition, ownership, operation and chartering of LNG carriers and FSRUs through our subsidiaries. Our business was originally founded in 1946 as Gotaas-Larsen Shipping Corporation. Gotaas-Larsen entered the LNG shipping business in 1970 when it ordered the LNG Carrier Hilli, which is still part of our fleet today.

We are incorporated under the laws of the Islands of Bermuda and maintain our principal executive headquarters at Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton, Bermuda. Our telephone number at that addressees (+1) 441-295-4705. Our principal administrative offices are located at 13th Floor, One America Square, 17 Crosswall, London EC3N 2LB, United Kingdom.

Gotaas-Larsen was aquired by Osprey Maritime Limited in 1997 and then in May 2001, World Shipholding Ltd, a company indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, our chairman and president, completed an acquisition of Osprey – acquiring the LNG shipping interest of Osprey. World Shipholding remains our largest shareholder.

We listed on the Oslo Stock Exchange in July 2001 and on NASDAQ in December 2002. Since 2001, we have grown from a fleet of 6 LNG Carriers purely focused on LNG transportation, to a fleet of 13 vessels (with 13 newbuilds due from quarter three 2013), dedicated to both LNG transportation and midstream floating solutions.

Golar’s strategy to become a midstream floating solution provider began in 2002 when Golar undertook a study with Saipem/Moss Maritime to consider the conversion of an existing LNG Carrier into a Floating Storage and Regasification Unit (FSRU) and in 2004 a similar study for the conversion into a Floating Power Generation Plant (FPGP).

In December 2005, Golar and Keppel Shipyard Limited of Singapore signed a contract for the first ever conversion of an existing LNG carrier into a LNG Floating Storage and Regasification Unit (FSRU). At the time of the announcement , the vessel did not have firm employment.

In April, 2007, Golar was awarded its first firm FSRU commitments via the award of two long term leases by Petrobras to employ Golar Winter and Golar Spirit as FSRUs. Today, Golar has four FSRU projects and is actively pursuing further growth as a midstream LNG company.