Description I.M. Skaugen provides marine transportation of petrochemical gases, liquefied natural gas (LNG) and liquefied petroleum gas (LPG). It also offers lightering (ship-to-ship transfer of crude oil and LNG) through Houston-based SPT. Subsidiary Norgas Carriers transports LPG and petrochemical gases. The group is widening its presence in Asia with carriers to transport LPG and petrochemical gases and products in China. I.M. Skaugen operates a fleet of about 40 vessels, including petrochemical gas carriers, Aframax-sized tankers, LPG carriers, and gas barges. The company traces its history to a shipping company founded in 1916 by Isak Martinius Skaugen, grandfather of CEO Morits Skaugen Jr.