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Solvang has signed contract for two new ships

24.03.2017
Solvang and partners have today signed the shipbuilding contract for two 21.000 cbm ethylene carriers, and have the option to extend the order with additional two vessels.

With reference to the disclosure dated 16th of February 2017 where Solvang and partners announced a LOI with Hyundai Mipo Dockyard for the construction of 2 firm + 2 optional 21.000 cbm ethylene carriers for delivery Q1 and Q2 2019. Solvang and partners have today signed the shipbuilding contract for two 21.000 cbm ethylene carriers, and have the option to extend the order with additional two vessels.

The ships are designed for the future with full exhaust gas cleaning and Tier III compliance, giving high flexibility with regards to existing and future environmental regulations.
 
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Industry leading provider of LPG and petrochemical tonnage.

Solvang has a fleet of seven VLGCs, including two under construction, nine LGCs - of which three have been delivered from HHI in 2015 - and six ethane/ethylene carriers. Since 2008, the company and partners have invested more than USD 1.4 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. 

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 and in Oslo. In addition, we have our own crewing office in the Philippines. 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: 
  • Be the preferred carrier of LPG and pet.chem world wide
  • To have happy, motivated and proactive employees
  • Be profitable (long term)
  • Be a CSR leading company

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