Release details

2017-05-15 14:10 CEST
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Solvang: 1st Quarter report 2017

Key events;

  • Earnings from shipping activities at a loss of NOK 0.9 million.
  • LPG market stronger than expected, but still muted.
  • 4 ethylene carriers of 21.000cbm ordered at Hyundai Mipo for delivery in 2019.
  • Total average technical off-hire per vessel of only 0.15 days in Q1.
  • Continued strong HSE results with only 5 minor LTI in the last 9 years, and a LTIF of 0.24.

Complete report for 1st quarter 2017 is enclosed.


Stavanger 15th of May 2017
Solvang ASA