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
