Through its large fleet of high-quality vessels and global organization, ENGC will offer unprecedented levels of flexibility and carrying capacity to customers in the gas market. ENGC will have the ability to offer large-scale freight contracts and will seek to become a more integrated part of our customers' supply chain.
There will be no immediate balance sheet or profit and loss impact for I.M. Skaugen ASA in 2006 due to the formation of the ENGC alliance and the discontinuation of the MNGC alliance.
"The Norgas Carriers have been in a close cooperation with AP Moller - Maersk since October 2003 in an alliance named 'MNGC'."
"AP Moller - Maersk has controlled a number of ethylene capable gas carriers of similar configuration to Norgas' vessels, but will after December 2006 no longer exercise control of most of these gas carriers.”
“The present cooperation will thus coming to an end in 2006 and we will aim to restructure this cooperation, which will make us capable of serving our clients in the same efficient way as MNGC."
Oslo based IM Skaugen ASA undertakes industry-leading recruitment and training programmes for seafarers through our training centres in China and Russia. These centres are crucial in order to secure a long-term supply base of well-trained officers and crew for our fleet.
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