New Gas Shipping Firm Formed

November 3, 1999

Bergesen d.y. Group ASA plans to set up with A.P. Moeller a new gas shipping firm, Skandigas Ltd. Skandigas will specialize in semi-cooled gas ships of between 8,000 cubic meters and 22,000 cubic meters. Skandigas will be the main company in a new pool. Bergesen said that its partners in the Handygas- and Igloo-pools and A.P. Moeller's partners in the Moeller Semiref Pool, would be invited to participate in the new pool. The new pool will be marketed by the Danish partner and will begin operations from November 15 dependent on approval from existing pool partners, Bergesen said.

New Gas Shipping Firm Formed

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