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
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Solvang via GlobeNewswire
HUG#2104751