The group has activities in three main segments for the transport of LPG and petrochemical gases: 12,000-17,000 cbm semi refrigerated/ethylene ships, 60,000 cbm fully refrigerated LPG ships and 75,000-82,000 cbm LPG fully refrigerated ships.

The operation of all the ships is managed from the company’s fully integrated shipping organization. Chartering of the company’s ships takes place by means of two 50/50 joint venture companies. In addition, the company has a crew manning office in Manila.

Semi-refrigerated/ethylene carriers
This segment includes semi-refrigerated and ethylene ships from 12,000 to 17,000 cbm. We have seven ships in this segment. Five ships are sailing in ESE, which represents marketing cooperation between Solvang and Evergas.

LGC
This segment is defined as fully refrigerated LPG ships of 60,000 cbm. We had seven ships in this segment in 2010, but the oldest ship, “Clipper Posh”, was sold for recycling in February 2011, so the fleet in this segment currently consists of six ships. The ships are marketed by International Gas Carriers A/S (“IGC”) in Oslo. Five of the ships are sailing in the spot market or shorter TC market, while the sixth ship, “Clipper Mars” is on a TC-contract until 2019.

Panamax and VLGC
The group owns interests in two Panamax LPG ships of 75,000 cbm. In the same manner as our LGC ships, these ships are marketed by IGC. The ships are built especially for the transport of LPG from the Atlantic Ocean and Gulf of Mexico to the west coast of Central America.

The 82,000 cbm VLGC “Clipper Sun” is currently sailing on a TC-contract until August 2016.