I.M. Skaugen ASA Company Profile - Sep 06, 2011 by WrightReports


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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   I.M. Skaugen ASA
                                                                                         440 Wheelers Farms Road
                                                                                         Milford, CT 06461 U.S.A.

  Figures in Norwegian Kroner

                                 Wright Quality Rating:DDNN                                   Key Data

   I.M. Skaugen SE is a Norway-based holding company, active within the marine                Ticker:
   transportation sector. The Company designs, builds, owns and manages approx. 38            IMSK
   vessels. The fleet comprises petrochemical gas, liquefied petroleum gas (LPG) and
   liquefied natural gas (LNG) carriers, Aframax tankers and lightering support vessels,      2010 Sales:
   barges and tugs. It operates under the brand names Norgas and SPT Skaugen
   PetroTrans. It operates within three business areas: Gas Activities, which are
   conducted by Norgas Carriers AS, and comprise transportation of petrochemical
   gases and carbon dioxide (CO2); China Activities, which are conducted by Skaugen           Major Industry:
   (China) Holding Company and are concentrated on domestic gas and chemical                  Transportation
   transportation, training of seafarers and building new vessels, and Marine Transfer
   Activities, that are conducted by Skaugen Petro Trans, Inc., and comprise marine           Sub Industry:
   transfer of crude oil and LNG. I.M. Skaugen SE's activities are stretched throughout       Shipping
   Northern America, Europe and Asia.
                         Stock Chart                                 Officers                 Country:
                                                                     Chairman                 Norway
                                                                      Erik Eik
                                                                  Vice Chairman
                                                                                              Norwegian Kroner
                                                                 Bertel O. Steen Jr.

                                                                                              Fiscal Year Ends:
                                                              Chief Executive Officer
                                                                  Morits Skaugen              December

                                                               Chief Financial Officer        Employees
                                                                      Bente Flo               2,000


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