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AMM/Maersk

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     Argent Marine / Maersk Joint Venture

Since 2008 Argent Marine and Maersk Line, Limited have worked together to develop and market the technology conceived by Argent Marine for use by AT/Bs and, where appropriate, small ships to effect the widespread distribution of LNG.

The companies plan to organize formal joint venture companies under which Argent Marine will contribute its designs and LNG operating capabilities and Maersk will contribute its technical and operating support and the economies of scale associated with its and its parent's worldwide operations.

The joint venture companies will be dedicated to the development of small scale LNG transportation systems. They plan to build, own and operate AT/Bs and small ships to facilitate the distribution of LNG on a worldwide basis.