Extension of the offer period in the voluntary offer for all issued and outstanding shares in Solvang ASA
Industry leading provider of LPG and petrochemical tonnage.
The Solvang group has a total fleet of 27 vessels, seven VLGCs, nine LGCs and ten ethane/ethylene carriers, where four 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) frequency and outstanding vetting results.
Our main goals are: