Epic Gas Charters Out Six Vessels, Including Two Newbuildings

Singapore-based vessel operator Epic Gas Ltd. announced today the extension of inward bareboat charter contracts for four vessels.

The vessels in question are the following:

• Cobrador, a 3,500cbm pressurised LPG carrier built at Kanrei in Japan in 2009, has been extended until 2022
• Cordova, a 3,500cbm pressurised LPG carrier built at Kanrei in Japan in 2009, has been extended until 2022
• Miyake, a 4,100cbm pressurised LPG carrier built at Higaki in Japan in 2001, has been extended until 2018
• Arran, a 4,100cbm pressurised LPG carrier built at Watanabe in Japan in 2000, has been extended until 2018

Additionally, the Company has entered into new inward bareboat charter contracts for two newbuildings:

•  The first 7,200cbm pressurised LPG carrier, to be named Epic Bell, to be delivered March 2014 from Kyokuyo in Japan, has been chartered in until 2022
• The second 7,200cbm pressurised LPG carrier, to be named Epic Bird, to be delivered June 2014 from Kyokuyo in Japan, has been chartered in until 2022

All six inward bareboat charters feature purchase options and fixed monthly charter rates throughout the term of the contract.

The Company controls a fleet of 40 vessels which serve as a link in the international gas and petrochemical supply chains of leading oil majors and commodity trading houses throughout Asia, Europe, West Africa and the Americas.

[mappress]
Press Release, March 4, 2014