A continued downward pressure on the LPG market took a toll on Solvang's results in the third quarter.
The Norwegian VLGC owner reported net earnings of NOK 7.1m ($0.9m), compared to NOK 55.4m a year ago.
Solvang explained the smaller figure included an impairment charge of NOK 25.7m due to the write-down of its fleet value.
Revenue for the quarter came to NOK 98.7m,
