Oslo-listed Solvang pocketed a profit of NOK 33.3m ($4.08m) for the three months to the end of June, passing the NOK 19.8m of 12 months ago.
Income from its shipowning business was up from NOK 18.0m to NOK 29.9m year-on-year.
“The second quarter was characterized by a very strong LPG market, with new rate records in the VLGC segment,” Solvang said.
It has one 82,000-cbm VLGC on a period charter and two 84,000-cbm vessels on indexed deals.
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