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.