- Solvang ASA and a major global infrastructure investor have launched a 50:50 joint venture, Solvang Gas Carriers.
- The venture starts with a fleet of 13 Very Large Gas Carriers (VLGCs) transporting LPG and ammonia.
- Future plans include expansion into ethane and CO₂ shipping to support clean energy and decarbonization goals.
A new global gas shipping powerhouse is taking shape as Solvang ASA partners with a leading infrastructure investment group to launch a joint venture, Solvang Gas Carriers, reports gCaptain.
The 50:50 partnership brings together decades of shipping expertise and deep financial backing to scale operations in the liquefied gas transport sector.
New Joint Venture Boosts Gas Shipping
The joint venture will begin with the transfer of 13 VLGCs from Solvang’s fleet. These vessels are designed for the transport of liquefied petroleum gas (LPG) and ammonia—critical fuels and feedstocks in global energy and agricultural sectors. Solvang will continue managing the vessels, maintaining high standards of safety, reliability, and efficiency.
With global demand rising for cleaner fuels and carbon solutions, Solvang Gas Carriers plans to broaden its focus to include ethane and liquefied CO₂. This aligns with global energy transition efforts and the increasing need for infrastructure to support carbon capture, utilization, and storage (CCUS).
The new entity positions itself as a long-term player in the evolving maritime energy landscape. By combining operational excellence with large-scale investment capacity, the joint venture aims to meet growing global needs for efficient, low-emission gas transport solutions.
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Source: gCaptain
