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Future outlook

7. FUTURE OUTLOOK

2012 was another good year for the ethylene segment, where the strong market from 2011 continued through 2012. There are some uncertainty surrounding 2013 and 2014, particularly in terms of fleet growth and lack of new export volumes from existing producers.

For the fully refrigerated ships, the market was significantly better in 2012 than the past 4 years, particularly for the LGC segment. There is a further positive development and stabilization on this level expected within the LGC segment. For the VLGC segment there are some near term uncertainties related to fleet growth without significant increase in export volumes, but several positive signs on longer term. The overall earnings for 2013 are expected to be in line with 2012.
8. ALLOCATION OF THE PARENT COMPANY’S PROFIT

Solvang ASA posted a result of KNOK47.6

The Board of Directors proposes the following allocation:
Suggested dividend                                 KNOK 12 166    
From the fund for valuation differences: KNOK -574
From other equity:                                   KNOK  -11 640

At the year-end, the parent company’s equity amounted to KNOK 567 015 (KNOK 579 181).