I.M. Skaugen SE today announced that the pre-tax result for 2Q was positive USD 0.4 mill compared to negative USD 4.5 mill for 2Q2010. The pre-tax result was a negative USD 4.1 mill for the first half of 2011 (1H11) compared to a negative USD 8.6 mill for the 1H10. The result of the 1H11 on an EBITDA basis was USD 14.1 mill compared to USD 6.6 mill for 1H2010. The EBITDA result in 2H2010 was USD 12.6 mill.
In second quarter the company took delivery of the first 12’000 cbm Multigas LNG vessel “Norgas Unikum” and the ship is set for its first ethylene cargo in July. Two more vessels are under final stage of construction and scheduled for delivery in September and October of 2011. The completion and delivery of these will mark the end of the current gas carrier newbuilding program.
“Norgas Innovation – our first of a series of 6 “Multigas vessels” loaded and unloaded its first LNG cargo in early July. A crucial step for IMS serving as proof of the concept and it enables us to move forward in the establishment of a market for Small-scale LNG vessels.” says I.M. Skaugen SE on its website.
I.M. Skaugen SE (IMS) is a marine transportation service company engaged in the hassle-free transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer of crude oil and LNG, as well as design and construction of smaller, specialised high quality vessels
[mappress] July 15, 2011;