I.M. Skaugen Company Description
I.M. Skaugen provides marine transportation of petrochemical gases and liquefied petroleum gas (LPG). It also offers lightering (ship-to-ship transfer of crude oil) through Houston-based Skaugen PetroTrans (SPT). Subsidiary Norgas Carriers AS transports LPG and petrochemical gases. The group is widening its presence in the Chinese market and is building two carriers to transport LPG and petrochemical gases and products in China. I.M. Skaugen operates a fleet of more than 40 vessels, including petrochemical gas carriers, Aframax-sized tankers, LPG carriers, and gas barges. The company traces its history to a shipping company founded in 1916 by Isak Martinius Skaugen, grandfather of CEO Morits Skaugen Jr.
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The Company Description provides a historical perspective of I.M. Skaugen's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of I.M. Skaugen's evolution in the marketplace.
