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Solvang: 3rd Quarter report 2017

Key events;

  • Earnings from shipping activities at a profit of NOK 1.4 million.

  • Baltic LPG index at low levels throughout third quarter 2017.

  • Delivery of one Panamax VLGC from Hyundai Heavy Industries - "Clipper Vanguard".

  • Total average technical off-hire per vessel of only 0.5 days by end of third quarter 2017.

  • Continued strong HSE results with only 5 minor LTI in the last 9 years, and a LTIF of 0.24.

Complete report for 3rd quarter 2017 is enclosed.

Stavanger 7th of November 2017
Solvang ASA

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.3rd Quarter report 2017



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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#2147787