Steenslands invoke mandatory offer for Solvang

Steenslands invoke mandatory offer for Solvang

The Steensland family has moved to buy out major gas shipowner Solvang. Parties linked to the Norwegian family have now bought up 64% of Solvang’s shares which has triggered a mandatory offer for the owner.

Solvang’s 18 ships are a mix of ethylene carriers, LPG ships and VLGCs. The Steenslands have been involved with Solvang almost from its 1936 beginnings. The mandatory offer invoked could lead to the owner being privatised.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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