I.M. Skaugen views China as a competitive market for shipbuilding and a growing market for transport of petrochemical gases and LPG as well as a source of affordable crewing and fleet management services.

China is considered to have a long term potential offering competitiveness of strategic importance.

I.M. Skaugen established its formal presence in China in 1995. Prior to this the company has pioneered ethylene transportation to/from China being the first ever company to do this - and we as a company also was the first to pioneer passenger cruise business on China in the mid 1980's.

Our various businesses in China are now organized under Skaugen (China) Holding Company. Established in Shanghai in January 2008, this company acts as ourregional centre, as well as providing effective management of our Chinese operations through a range of corporate services and knowledge resources. Skaugen (China) Holding Company is also responsible for new business opportunities and coordinating Chinese services that bring synergies and long-term value to the wider I.M. Skaugengroup. This operation combines the best in western skills and know-how with local knowledge and experience – core components for success in China.

Our operations in China fall into three main areas that are related and integrated into the Group business:

Gas - related services in domestic gas and chemical transportation, ship management, supply procurement, seafarer training and recruitment. Gas Transportation			Newbuilding - provides related services for new building projects from design, engineering, supervision to ship construction management. Marine Construction
Strategic Growth IMS continuously seeks and strives to partner with businesses that are cost and service leaders and establish diverse business models that expands and grows with opportunities. Strategic Growth Business			"In sum we are a company that can pride ourselves of having a number of 'firsts ever' in China"