I. M. Skaugen

Infobox Company
company_name = I.M. Skaugen ASA
company_
company_type = Public (ose|IMSK)
foundation = 1916
location = Oslo, Norway
key_people = Morits Skaugen jr. (CEO)
area_served = Global
industry = Shipping
products =
revenue =
operating_income =
net_income =
num_employees =
parent =
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homepage = [http://www.skaugen.com www.skaugen.com]
footnotes =

I.M. Skaugen (ose|IMSK) or IMS is a shipping company that operates within petrochemical gases and liquefied petroleum gas (LPG) and lightering of crude oil and liquefied natural gas (LNG). IMS is horizontal integrated and designs, builds, owns and operates its fleet of vessels. The company also owns Norgas and Skaugen PetroTrans.

History

The company dates back to 1916 when Isak Martinius Skaugen founded D/S-A/S Eikland. After World War II Skaugen and Sven Salen founded the joint venture Salen-Skaugen Line that offered passenger and cargo liner service from the United States East Coast to the Middle East. In the 1960s Skaugen entered the Norwegian Bulk Carrier Pool and during the 1970s the company co-founded Royal Caribbean Cruise Line. 1982 saw the founding of Norwegian Gas Carriers along with four other shipping companies. In 1988 the company sold its partial ownership in Royal Caribbean Cruise Line and bought the conglomerate Kosmos. Two years later the company was listed on the Oslo Stock Exchange when it merged with Laboremus and Kosmos Shipping. The Kosmos shuttle tanker operation was at the same time spun off in Skaugen PetroTrans.