Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities

Solvang, a Norwegian shipping company, and Global Infrastructure Partners (GIP), a division of the private infrastructure investment firm BlackRock, have teamed up to expand the liquefied gas shipping industry, focusing on LPG, ammonia, ethane, and CO2. They have formed a 50:50 joint venture named Solvang Gas Carriers to leverage Solvang’s expertise and BlackRock’s global connections. Initially, the venture will manage Solvang’s fleet of 13 VLGCs designed for LPG and ammonia transport, aiming for growth in various gas shipping sectors. Solvang’s CEO, Edvin Endresen, sees this partnership as a significant step towards the company’s long-term goals. BlackRock’s GIP views this as an investment in an industry poised for growth, emphasizing the potential for expanding into new markets and customer bases. This collaboration follows Solvang’s previous joint venture with Gunvor Group, which ordered five new VLGCs scheduled for delivery between September 2026 and July 2027.