I. M. Skaugen
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I. M. Skaugen
I.M. Skaugen () or IMS is a shipping company that operates within petrochemicals, petrochemical gases and liquefied petroleum gas (LPG) and lightering of crude oil and liquefied natural gas (LNG). IMS is horizontal integration, horizontal integrated and Naval architecture, 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 Salén 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 K ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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