Epic Establishes Newbuilding Program

EPIC Pantheon International Gas Shipping Ltd. (Epic) announced on November 1st that the Company has made appointments of Chairman of the Board, Member of the Board of Directors and Director. In addition to the announced ongoing new building program Epic has entered into a dialogue with a leading shipyard for pressurised gas carrier construction with the aim to further expand its fleet.

The new Chairman of the Board, Chris Buttery, says, “As Chairman I am very pleased to welcome Paul Over and Ryoji Mochizuki to Epic. With strong support from our new shareholders, with whom we  have worked so successfully in the past in building Pacific Basin, I believe Epic is very well positioned for growth and to create shareholder value going forward.”

Chris Buttery and Paul Over were two of the founders of Pacific Basin.

”I am very excited being part of a company with a strong track record and substantial opportunities again and I hope that my 37 years of experience in the industry will contribute to the success of Epic  going forward.”, says Paul Over.

Ryoji Mochizuki, who is based in Tokyo, has been working as a shipbroker and in the capacity as owner’s representative in the local and international shipping markets for more than 36 years. With strong  representation in Japan Epic moves even closer to its important clients. Ryoji Mochizuki says,”It is a pleasure for me to be working with such a reputable ship-owner, an experienced management team and  with a company with great prospects.”

Lars Vang Christensen, Chief Executive Officer, says,”We all have high expectations for Epic with its well tested and professional management team in this competitive and ever changing world of  shipping. We will endeavour to ensure that Epic continuously improves its services and remains our customers’ carrier of choice. Our new building program is a clear evidence of Epic’s strong  commitment to our client base of leading oil majors, commodity trading houses and to the ship building industry in Japan and we look forward to building on that momentum.”

Currently Epic has established a newbuilding program at Sasaki Shipyard Co. Ltd. and at Kitanihon Shipbuilding Co. Ltd.

Delivery of the new buildings commences January 2014, continues through 2015 and with the latest initiative into 2016. The new building program will allow Epic to replace older tonnage in its control  and will further demonstrate firm commitment to Epic’s loyal customers by being able to offer an even wider choice of modern, environmentally safe high quality tonnage.

[mappress]

Epic, November 5, 2013