CMH’s Role: Main Sponsor

Skaugen Gulf Petchem Carriers BSC (c), a Bahraini joint venture between Oslo-based IM Skaugen, CMH and Nogaholding, is a petrochemical shipping company specialized in Olefins, LNG and LPG marine transportation. The company was established to cater to the need that exists to invest in vessels that would serve the GCC petrochemical industry. This sectors offers enormous profit potential and capital growth. Petrochemical shipping is a growing sector driven by strong fundamentals arising from the booming petrochemical industry in the GCC. The company is currently operating two ships and is expanding its fleet to meet growing demand for shipping capacity in the region.