I.M. Skaugen SE (IMS) - is a marine transportation service company engaged in the hassle-free transportation of petrochemical gases LPG and LNG, marine transfer of crude oil and LNG, and the design and construction of smaller and specialised high quality vessels. The foundation stone of I.M. Skaugen company was laid in 1916 when Isak Martinius Skaugen, Captain of the four-masted barque 'Alcides', established his company D/S-A/S Eikland. In so doing, he founded a company that was to grow with the times, play its part in history and become what it is today - a modern marine transportation service company. A company with its sights set confidently on the future but with its roots secured in a sound and successful past. Since those early days of the 'Alcides', the company has travelled far and explored different routes, whilst always charting its course to meet the changing needs of the times. Flexibility has been the anchor of Skaugen's success. 1916 From Sail to Steam Master of his own sailing ships since 1900, Captain Skaugen could see that the future belonged to steam-driven vessels and so the 'Alcides' was sold and replaced with a steam vessel of 2,040 DWT, christened the 'Eikland'. The money for this purchase was raised on the Christiania Stock Exchange and the first shareholder to invest in the company was Mr Olaf Eikland. To show his appreciation, Captain Skaugen named the company and its first vessel after him. The 'Eikland' was later joined by two more steam vessels and together they were employed in the North European tramp trade.