Environment
Annual Efficiency Ratio development (AER)
35% reduction since 2009
Effect of upgrade and EEXI modification
In 2022 Solvang had eight vessels categorized as D. In 2024 there were two vessels categorized as E, the rest are C or better. The two E vessels get a B rating if adjusted for port operation/idling.
Six LGCs and four ethylene vessels were dry-docked/ modified and EEXI certified in 2023/2024, giving full positive effect in 2024. The total fleet improvement between 2023 and 2024 is 5 %, where the ethylene and LGC fleets represent the main improvements, also due to major upgrades.
The sale of three older VLGCs since 2021 with a relatively high deadweight/cargo capacity ratio in CBM, contributes to an improved AER for the VLGC class, but negatively impacts the average for the fleet as a whole.
AER reduction 2009 - 2024:
Ethylene fleet: 37 %
VLGC fleet: 19 %
LGC fleet: 27 %
Total fleet: 35 %
Energy Efficiency Operational Indicator (EEOI
47% reduction since 2009
The average EEOI has been recalculated in a similar way as for AER, but weighing the average for transport work (cargo carried * sailed distance).
EEOI measures the fuel consumption per ton-mile cargo transported. The improvement measured as EEOI is close to 50 %. The introduction of new 88K VLGCs in 2026/27 is expected to further reduce EEOI.
The sale of three older VLGCs since 2021 with a relatively high dead weigth/cargo capacity ratio in CBM, contributes to improved AER for the VLGC class, but impacts the average for the fleet as a whole in a negative way.
Solvang energy consumption and GHG emissions
The total fleet emissions have increased due to expanded activity with more and larger vessels.
From 2009 to 2024:
Average emission per vessel decreased by 21.5 %
Increase in cargo capacity 21.4 %
Increase in dead DWT 15 %
