Our Performance
SOLVANG PERFORMANCE
Annual Efficiency Ratio development (AER)
37% reduction since 2009
Full AER/CII compliance for all vessels
Ethylene fleet: With 2% AER reduction
per year for E-class and modified H-class, the vessels will
keep their B rates in 2026 and continue on a C rate up to
2030.
LGC fleet: With 2% AER reduction from 2026-2030, based
on existing LGC modifications and continued pattern of
operational improvement, the LGC fleet will be in IMO
compliance in 2030.
VLGC fleet: Assuming continuous AER reduction from
2026-2030, the fleet average required in 2030 should be
within requirment levels. Due to CII requirements, not the
EEXI certification, speed for some of the vessels in 2030
will be limited to achieve compliance.
AER reduction 2009-2025
Ethylene fleet: 40 %
VLGC fleet: 20 %
LGC fleet: 26 %
Total fleet: 37 %
Energy Efficiency Operational Indicator (EEOI
49% 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 weight/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.
EEOI reduction 2009-2025
Ethylene fleet: 46 %
VLGC fleet: 20 %
LGC fleet: 23 %
Total fleet: 49 %
Solvang energy consumption and GHG emissions
The total fleet emissions have increased due to expanded activity with more and larger vessels.
From 2009 to 2025
Average emission per vessel decreased by 20.3 %
Increase in cargo capacity 25.1 %
Increase in dead DWT 12.8 %
Environmental Ship Index (ESI) score 2025
Rating of environmental performance. Best possible score is 100 points. This shows that the five newbuilds on the right side perform very good, around 90 points. All vessels with scrubber technology perform well.
ESI identifies seagoing ships that perform better in reducing air emissions than required by the current emission standards of the International Maritime Organization (IMO)
Employee turnover 2020-2025
Turnover for CREW is retention rate - 100
Safety
Continuous HSEQ programme since 2009
TRCF - Total Recordable Case Frequency
Sick leave 2020-2025
Inspections 2020-2025
Flag & Port State control 2025
21 DNV inspections
0 non-conformities on average
42 port state controls
0.55 observations on average
Internal inspections follow the fleet seize (5 per vessel). External inspections by DNV and flag states are done in 5 year intervals (3 per vessel).