IMS is selling its stake in Shenghui Gas and Chemicals Systems RMB259m ($42m) booking a profit of $6.1m.
The shipowner said it made the investment in 2006 to secure high quality manufacturing capabilities for the supply of the cargo containment and cooling systems for its newbuilding programme. After completion of the newbuildings in 2011 the investment became a non-core business.
"We are proud to both have been the largest shareholder and a contributor to the Shenghui company since 2006. We provided the company with money and technology and its vision to focus on the LNG value chain,” said Morits Skaugen.
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