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4th Quarter Report 2016

27.02.2017
Solvangs 4th quarter financial report 2016 has now been released

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.
  •  
Report 4th quarter 2016
 
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