Highlights;
- Earnings from shipping activities (ship management and ship ownership combined) at NOK 28.3 million.
- Impairment charges of NOK 38.7 million, reducing earnings from shipping activities to a loss of NOK 10.3 million.
- Earnings per share of NOK 1.56 excluding impairment charges.
- LPG market under continued downwards pressure
- Total average technical off-hire per vessel of only 0,2 days in Q4 and a total of 0,64 days for entire 2016
- Continued strong HSE results with only 5 minor LTI in the last 9 years, and a LTIF of 0.24.
Complete report for 4th quarter 2016 is enclosed.
Stavanger 27th of February 2017
Solvang ASA
