Solvang ASA -

Solvang ASA and partners have entered into a contract for the construction of one VLGC LPG ship at Hyundai Heavy Industries, Korea. The vessel shall be delivered during the 4th quarter 2008.

This order comes in addition to 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 eight ships on order.