3rd Quarter report 2017
09.11.2017Solvangs3rd quarter financial report 2017 has now been released
Complete report for 3rd quarter can be found here
Industry leading provider of LPG and petrochemical tonnage.
The Solvang group has a total fleet of 27 vessels, eight VLGCs, ten LGCs and nine ethane/ethylene carriers, where five are under construction for delivery in 2019.
Since 2008, the company and partners have invested more than USD 1.7 billion in new ships, giving a very modern fleet, with an average age of about 7 years.
The company's headquarters are in Stavanger on the Norwegian south-west coast, with a commercial and operational team sitting in Oslo, and our own crewing office in Manila.
Our focus is to build, own and manage our fleet in a life cycle perspective, with a 20-25 year investment horizon. We do not use fleet management companies to run our ships - everything is done in-house in Stavanger, Oslo and Manila. To us, proper crew manning and training are essential factors and we're proud of our track record, having zero LTI (Lost Time Incident) and outstanding vetting results.
Our main goals are: