Despite weakening shipping markets Torvald Klaveness delivered a stable underlying EBITDA, and maintained a high solidity and good liquidity in 2015. The sale of the five selfunloader vessels towards the end of the year will significantly strengthen the group’s liquidity. The result was negatively impacted by impairments and provisions related to the group’s container and dry bulk investments.
Torvald Klaveness continues to invest in new ships and new digital initiatives. The new building program is increased to seven vessels and new digital service concepts will be rolled out in 2016. The group, consisting of Rederiaksjeselskapet Torvald Klaveness and its subsidiaries, delivered the following consolidated accounts (numbers in USD million):