Kyokuyo to Build Two Gas Carriers for Epic Gas

Epic Gas Ltd. has signed contract for the construction of two 11,000 cbm fully-pressurised gas carriers. The vessels will be built by Kyokuyo Shipyard Corporation in Japan, with scheduled delivery for 2016.

“Our decision to move into the largest segment of the fully-pressurised fleet underlines our clear expectations of change and growth in the fully-pressurised LPG market,” states Chris Buttery, Chairman of the Board.

Lars Vang Christensen, CEO of Epic Gas, explains: “We are glad to have contracted these vessels with a well-established shipyard that is associated with high quality workmanship. The schedule of delivery of these ships complements our fleet expansion strategy and our commitment to being market leaders in our sector.”

This latest order brings the total newbuild contracts for the year to eight fully-pressurised vessels. In addition Epic Gas has taken delivery of three bareboat vessels during the year. The company is also actively looking at opportunities to purchase high quality secondhand tonnage.

[mappress]
Press Release, December 5, 2013