1st Quarter report 2016

Solvangs 1st quarter report 2016 has now been released.

  • Earnings from shipping activities of NOK 47.7 million, up from NOK 32.8 million in first quarter 2015.
  • Earnings from ship owning companies of NOK 45.5 million, up from 27.7 million in first quarter 2015.
  • Earnings before tax of NOK 47.7 million, up from NOK 35.4 million in first quarter 2015.
  • Successful consolidation of multiple ship owning companies to increase efficiency and cash-pooling.
  • Successful refinancing of LGC ship owning company
  • 882 days without lost time incidents (LTI), and only 4 LTI in the last 8 years.
Report 1st Quarter 2016

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News Archive

Making Heavy Fuel Oil Clean

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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