Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

I.M. Skaugen sets up holding company in China

I.M. Skaugen sets up holding company in China

Shanghai: Norway's I.M. Skaugen AS has received required approvals from China's Ministry of Commerce to set up holding company Skaugen China Holding Co., Ltd. Skaugen will place 10 business concerns in China in which it invests under the corporate umbrella of the holding company. The Chinese unit will be the nucleus for Skaugen to develop business further in China and operations related to China.

Skaugen's main Chinese operation is Skaugen Marine Construction (SMC), which performs construction supervision. SMC oversees construction of newbuilding ships built in China, including those by Taizhou Skaugen Wuzhou Shipbuilding, the joint venture by Skaugen and Taizhou Wuzhou Shipbuilding Industrial Co. in China's Zhejiang province. It also develops related operations by subsidiary Norgas and shipmanagement operations. Pioneering Skaugen has identified many previously little known yards around the Yangtze delta to build high spec ship types such as LPG.  [31/01/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.