Solvang has received notice from BW Gas that the BW Gas LGC pool will be terminated as from end May. The pool is marketing fully ref LPG vessels in the 50,000 - 60.000 cbm segment. Solvang ASA has 4 vessels in the pool and 1 vessel trading outside the pool. Solvang is evaluating various alternatives for the marketing of its vessels in this segment including co-operation with other owners. Solvang has 3 new buildings of 60.000 cbm being delivered in 2008 bringing the company's total fleet in the segment to 8 vessels. In addition we have 2 new buildings of 75.000 cbm in the VLGC segment also being delivered in 2008.

 

Solvang ASA