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2017-08-29 14:15 CEST
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Solvang: 2nd Quarter report 2017


Key events;

  • Earnings from shipping activities at a loss of NOK 2.5 million.
  • Baltic LPG index in gradual decline throughout second quarter 2017.
  • Delivery of one Panamax VLGC from Hyundai Heavy Industries - "Clipper Freeport".
  • Start-up of the 10-year Panamax VLGC contract with Phillips66.
  • Total average technical off-hire per vessel of only 0.5 days in first half of 2017.
  • Continued strong HSE results with only 5 minor LTI in the last 9 years, and a LTIF of 0.24.


Complete report for 2nd quarter is enclosed.


Stavanger 29th of August 2017

Solvang ASA

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Q2 report 2017
Aug 29, 2017