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News Archive

Statement from the Board of Directors in Solvang ASA on the voluntary offer made by AS Clipper for the shares in Solvang ASA
Enclosed is the statement according to the Norwegian Securities Trading Act § 6-16 from the Board of Directors in Solvang ASA on the voluntary offer made by AS Clipper for the shares in Solvang ASA.
Mandatory offer - offer document approved
Oslo Børs, in capacity as take-over supervisory authority, has approved offer set out in offer document dated 5 April 2017 in respect of: Mandatory offer to acquire the shares in Solvang ASA made by AS Clipper.
Solvang declares option for two additional 21 000 cbm ethylene carriers
Solvang and partners have today declared the two optional ships and signed the shipbuilding contract for the two additional 21.000 cbm ethylene carriers, increasing the order to a total of four 21.000 cbm ethylene carriers.
Solvang has signed contract for two new ships
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.
Regarding disclosure of acquisition of large shareholding
Reference is made to the mandatory notification of trade, disclosure of large shareholding and mandatory offer from AS Clipper dated 07.03.2017. The board of directors in Solvang ASA is aware of the transaction, and the resulting voluntary offer to be pl...
strandkaien 36
New location for Solvang's head office in Stavanger
Solvangs head office has moved to new offices at Strandkaien 36 in the center of Stavanger. The reception is on the 4th floor.
4th Quarter Report 2016
Solvangs 4th quarter financial report 2016 has now been released
Solvang signs LOI for two new ships
Solvang and partners have today signed 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.
3rd Quarter report 2016
Solvangs 3rd quarter financial report has now been released.
haakon vii gt 6 oslo
New Offices for Solvang's Oslo branch
Solvang’s operation and commercial team has moved offices across the street from Haakon VII’s gt 1 to Haakon VII’s gt 6. The new offices are located on the 5th floor.
2nd Quarter report 2016
Solvangs 2nd quarter financial report has now been released.
1st Quarter report 2016
Solvangs 1st quarter report 2016 has now been released.
4th Quarter report 2015
Solvangs 4th Quarter report 2015 has now been released.
IGC merging with Solvang
Effective as from 1st of January 2016, Solvang has decided to merge their fully owned subsidiary, International Gas Carriers (IGC), into the existing Solvang organisation. All personnel previously employed by IGC will now be employed by Solvang, and will...
clipper odin
LPG/C Clipper Odin
Solvang has now taken delivery of the vessel “Odin”, a MGC of 38.000cbm built in 2005.
3rd Quarter report 2015
Solvangs 3rd Quarter report has now been released
New building orders and timecharter contracts
Solvang ASA and partners have signed a contract with Hyundai Heavy Industries in Korea, for the construction of two 78.700 cbm LPG carriers.
2nd Quarter report 2015
Solvangs 2nd Quarter report 2015 has now been released.
clipper venus
The last of three LGC newbuildings delivered
Solvang has now taken delivery of the third and last of the three Large Gas Carriers (LGC) being constructed at Hyundai Heavy Industries in South Korea.
bw odin
Purchase of vessel
Solvang with partners have today purchased the vessel “Odin”, a MGC of 38.000cbm built in 2005.
clipper saturn depart ulsan
Newbuilding delivered
Solvang has now taken delivery of the second of the three Large Gas Carriers (LGC) being constructed at Hyundai Heavy Industries in South Korea.
1st quarter report 2015
Solvangs 1st quarter report 2015 has now been released.
clipper jupiter
Newbuilding delivered
Solvang has now taken delivery of the first of the three Large Gas Carriers (LGC) being constructed at Hyundai Heavy Industries in South Korea.
Solvang with record result for 2014
Shipping activities yielded NOK 27.1 million in Q4 2014, where NOK 26.2 million came from the ship-owning companies (equity method), compared to NOK 5.4 million during the same period in 2013, where the ship-owning companies contributed with NOK 7.5 mill...
Solvang ASA 3rd quarter report 2014
Shipping activities yielded NOK 25 million in Q3 2014, where NOK 22.6 million came from the ship-owning companies (equity method), compared to NOK 11.3 million during the same period in 2013, where the ship-owning companies contributed with NOK 12.3 mill...
Solvang ASA 2nd quarter report 2014
Shipping activities yielded NOK 33.7 million in Q2 2014, where NOK 29.9 million came from the ship-owning companies (equity method), compared to NOK 18.8 million during the same period in 2013, where the ship-owning companies contributed with NOK 18.0 mi...
Clipper Posh on her way to Kårstø
One of the world´s most fuel efficient VLGC is on her way to Kårstø. See external article at sysla.no
Solvang ASA 1st quarter report 2014
Shipping activities yielded NOK 15.7 million in Q1 2014, where NOK 14.7 million came from the ship-owning companies (equity method), compared to NOK 10.7 million during the same period in 2013, where the ship-owning companies contributed with NOK 10 mill...
Annual report 2013
Solvang's annual report 2013 is now available. Click on Annual Report 2013 on the top menu, or click read more to get a direct link.
Notice of Annual General Meeting 2014
The shareholders of Solvang ASA are hereby called to the Annual General Meeting at Radisson Blu Atlantic Hotel, Olav V's gate 3, Stavanger: Thursday 15th of May 2014 at 3 PM
Solvang ASA 4th quarter report 2013
Shipping activities yielded NOK 5.4 million in Q4 2013, where NOK 7.5 million came from the ship-owning companies (equity method), compared to NOK 19.8 million during the same period in 2012, where the ship-owning companies contributed with NOK 19.4 mill...
New building order
Solvang ASA and partners have signed a contract with Hyundai Heavy Industries, Korea, for the construction of one 60,000 cbm LPG carrier. The vessel is scheduled for delivery in Q3 2015, and Solvang now have three (3) sister vessels ordered for delivery ...
TC contract with Statoil ASA
Solvang ASA has entered into a 5+3+2 year TC contract with Statoil ASA at a fixed marked based rate for one of the LGC newbuild to be delivered from Hyundai Heavy Industries in 2015. The contract has an expected startup in March/April 2015.
Solvang ASA 3rd quarter report 2013
Shipping activities yielded NOK 11.3 million in Q3 2013, where NOK 12.3 million came from the ship-owning companies (equity method), compared to NOK 21 million during the same period in 2012, where the ship-owning companies contributed with NOK 20.6 mill...
Half-yearly report 2013
Shipping activities yielded NOK 18.8 million in Q2 2013, where NOK 18 million came from the ship-owning companies (equity method), compared to NOK 7.8 million during the same period in 2012, where the ship-owning companies contributed with NOK 6.3 millio...
Dissolution of Evergas Solvang Ethylene joint venture
Solvang has requested the Evergas Solvang Ethylene (ESE) joint venture to be dissolved. For practical purposes, the partners have now agreed to operate with business as usual up to 31 December 2013 to fulfill all the contractual obligations currently hel...
Solvang LGC new-builds – Fuel efficient and custom designed
Solvang has ordered from Hyundai Heavy Industries two LGC vessels (60,000 cbm), with a third optional vessel declarable within 6 months. The two firm vessels will be delivered in March and May 2015, and the optional vessel has delivery in July 2015.
Annual report 2012
The annual report for Solvang ASA has now been published
Notice of Annual General Meeting 2013
The shareholders of Solvang ASA are hereby called to the Annual General Meeting at Radisson SAS Atlantic Hotel, Olav V’s gate 3, Stavanger: Tuesday 14th of May 2013 at 3 PM
Solvang ASA 4th quarter report 2012
Shipping activities yielded NOK 19.8 mill in Q4 2012, where NOK 19.4 mill came from the ship-owning companies (equity method), compared to NOK 14 mill during the same period in 2011, where the ship-owning companies contributed with NOK 14.9 mill. The ful...
Solvang ASA 3rd quarter report 2012
Shipping activities yielded NOK 21 mill in Q3 2012 compared to NOK 5.6 mill during the same period in 2011. The result from the ship-owning companies (equity method) was NOK 20.6 mill compared to NOK 6.4 mill in same period 2011. The result before tax wa...
Half-yearly report 2012
Shipping activities yielded NOK 7.8 mill in Q2 2012 compared to NOK 11 mill during the same period in 2011. First half of 2012 yielded NOK 18.9 mill, which is in line with same period in 2011. The result from the ship-owning companies (equity method) for...
Solvang ASA 1st quarter report 2012
Shipping activities yielded NOK 11.2mill in Q1 2012 compared to NOK 7.8 mill during the same period in 2011. The result from the ship-owning companies (equity method) was NOK 11.4 mill. The result before tax was NOK 16.8 mill compared to NOK 9.4 mill for...
Solvang ASA; new Managing Director
The Board of Directors of Solvang ASA has today appointed Edvin Endresen as Managing Director of the company. He has since the 1st of October 2011 been employed as the company's Deputy Managing Director. Previous Managing Director Michael Steensland Brun...
Annual report 2011
Annual report 2011 for Solvang ASA and the group is now released.
Notice of Annual General Meeting 2012
The shareholders of Solvang ASA are hereby called to the Annual General Meeting at Radisson SAS Atlantic Hotel, Olav V’s gate 3, Stavanger: Thursday 10th of May 2012 at 3 PM
New building order
Solvang ASA and partners have exercised an option for the construction of one further 84.000 cbm LPG carrier at Hyundai Heavy Industries, Korea. Together with the contract entered into in June 2011, the company have two sister vessels on order. The vesse...
Solvang ASA 4th quarter report 2011
Shipping activities yielded NOK 38.4 mill during 2011 compared to a loss of NOK 18.1 mill during 2010. The result from the ship-owning companies (equity method) was NOK 40.1mill, including a gain of NOK 3.7 mill from divestment of ownership. The result b...
Solvang's last new-build, the greenest and most fuel efficient ever
Solvang’s last new-build at Hyundai Heavy Industries (delivery 3’rd quarter 2013) will be one of the most fuel efficient LPG carriers ever built, in addition it is one of the world’s largest ships for transporting liquefied petroleum gas.
Solvang report 3rd quarter 2011
Shipping activities yielded NOK 5.6 mill during Q3 2011 compared to a loss of NOK 5.2 mill during the same period in 2010. The result from the ship-owning companies (equity method) was NOK 6.4 mill and includes a negative adjustment of interest rate swap...
New webpage
We are proud to present Solvang's new webpage. It is upgraded with new content, design and layout.
Q2 report
The Solvang ASA result as per 2nd quarter 2011 is a loss before taxes of NOK 19.1 mill against a profit of NOK 14.5 million as per 2nd quarter 2010. Out of this, loss on the investment portfolio was NOK 9 million against a profit of NOK 13.6 million the ...

Making Heavy Fuel Oil Clean

solvang 003
Exhaust gas recirculation (EGR) combined with previous measures reduces NOx emissions from heavy fuel oil by up to 80 % in a typical LPG tanker. The concept is a potential game changer for Norwegian domestic shipping.

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The greenest and most fuel efficient VLGC ever

clipper posh 1

Solvang’s new-builds (84k cbm) at Hyundai Heavy Industries are two of the most fuel efficient LPG carriers ever built, in addition they are some of the world’s largest ships for transporting liquefied petroleum gas.

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