Norway’s Solvang has posted its best-ever quarterly result from shipping operations as gas carrier markets boomed.
The Oslo-listed LPG vessel owner said net profit in the three months to 30 September were NOK 55.3m ($6.49m), compared to NOK 24.6m in the same period of 2014.
Total revenue reached NOK 72.2m from NOK 41.2m the year before.
It said the performance was a “direct result of the strong market for the bigger LPG vessels, with record high VLGC spot market and new improved contracts in the LGC segment.”
The
