Overall, the financial results of Torvald Klaveness improved in 2017 but were still not at a satisfactory level. The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017. Earnings before tax (EBT) for 2017 ended at a loss of USD -2 million. Torvald Klaveness maintained a high solidity and good liquidity in 2017.
The group, consisting of Rederiaksjeselskapet Torvald Klaveness and its subsidiaries, delivered the following consolidated accounts for 2017. All 2016 numbers from continuing operations only (all numbers in USD million):