17 November 2011
"Business must have a social conscience "says Osama Muein, Acting General Manager and Director of the Board of Skaugen Gulf Petchem Carriers. " This social responsibility is a philosophy set in stone by our shareholders I.M.Skaugen ., Noga Holdings and Capital Management House "  he added at the presentation of gifts to a group of 70 orphans supported by the Royal Charity during their specially arranged visit to the Multi-Gas Vessel Bahrain Vision.

Dr. Mustafa Al Sayyed, the Secretary General of the Royal Charity Organisation says on the occasion of the tour by the RCO of Bahrain Vision "RCO are grateful for Skaugen Gulf and its shareholders special privileged tour of Bahrain Vision.  We are impressed by the commitment of Skaugen Gulf and to contributing to the needs of Bahrain Society at all Levels. This we hope will set a precedent for many international companies locating in Bahrain to follow Skaugen Gulf's example .

Morits Skaugen CEO of I.M.Skaugen comments "This magnificent vessel is a symbol of a positive vision not just for the maritime community but also can be a positive symbol of a vision for the future for the community of Bahrain , we are committed to ensure that our involvement in Bahrain is rooted to support the community  and local small business community ".

The open day for visitors to the vessel was extended to include  local companies such as Bahrian Petroleum Company (BAPCO), Aluminium Bahrain (ALBA) , Arab Ship Repair Yard (ASRY) , Gulf Petrochemical Industries Co. (GPIC), Tatweer Petroleum , National Oil and Gas Authority (NOGA) .

"Skaugen Gulf and I.M.Skaugen are eager to continue a knowledge exchange of our skills and expertise with Bahrain Companies and education establishments" adds  Mr Muein " The invitation to visit to the Vessel  is part of this process to showcase our technology to technocrats in the various leading companies in Bahrain and also for the future generation of engineers and experts from University of Bahrain and Bahrain Polytechnic "

- Ends -

NOTES TO EDITOR:
ABOUT ROYAL CHARITY ORGANISATION
The Royal Charity Organization (RCO) was established by His Majesty King Hamad bin Isa Al Khalifa on July 14, 2001 with a decree to serve, donate for the cause of and help all the orphans of the Kingdom of Bahrain.

Royal Decree No. 33 for the Year 2007 has defined the Mission of the Organization as follows:
• Sponsoring the Widows and Orphans and caring for the Elderly and the People with Special Needs.
• Providing Social, Health and Educational Care, and contributing in mitigating the burden of Cost of Living in respect of the needy families.
• Contributing in setting up and developing Social and Charity Projects.
• Contributing in the Sustainable Development activities.
• Carrying out any other directives that are made by His Majesty, the Honorary President of the Organization, and / or carrying out duties that are ratified by the Board of Trustees.

ABOUT IM SKAUGEN SE
I.M. Skaugen SE (IMS) is a marine transportation service company engaged in the transportation of petrochemical gases, chemicals, LPG and LNG, marine transfer of crude oil and LNG, as well as design and construction of smaller, specialized high quality vessels. We are listed on the Oslo Stock Exchange under the ticker code, IMSK.

IMS employs approximately 2.000 people around the world and currently operates about 40 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG carriers, Aframax tankers and lightering support vessels, barges and tugs

For more information, please contact:
Bahrain: Maisa J Shunnar,
Corporate Communication Manager - Skaugen Gulf Petchem Carriers BSC,
on +973 17102830/+973 39478545
or by e-mail: maisa.shunnar@skaugen.com

Oslo: Bente Flø,
Chief Financial Officer,
on telephone +47 23 12 03 30/+47 91 64 56 08
or by e-mail: bente.flo@skaugen.com

© Press Release 2011