Solvang ASA -

Solvang ASA and partners have declared an option for a second VLGC at Hyundai Heavy Industries, Korea. The vessel shall be delivered during 2008.

This order comes in addition to one VLGC and three LGC LPG ships which are to be delivered to Solvang from the same yard in 2008. Solvang ASA will be the managing owner of the vessel with an ownership share of 30%. The company has now a total of nine ships on order.