Search results for: Epic Gas

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  • 18 November 2019
    Business & Finance

    Epic Gas has completed the acquisition of the Epic Sicily, a 2015-built pressurized vessel.

  • 11 February 2015
    Business & Finance

    Owner and operator of gas carriers Epic Gas has taken delivery of the 5,000 cbm Epic St. Agnes from Kitanihon Shipbuilding Co., Ltd. of Japan. The company said that the LPG tanker will deliver straight into a time charter for trading in Asia. Name of the charterer has not been disclosed. Epic St. Agnes is sailing […]

  • 27 March 2015

    Epic Gas said it has sold the Epic Cebu (4,000cbm, 1997 built) and Cefalu (4,000cbm, 1996 built) to buyers engaged in Southeast Asian cabotage trades. Epic’s fleet of pressurised LPG carriers consists of 36 vessels on the water with an average size and age of 5,625cbm and 8.4 years, respectively. The company has an additional […]

  • 14 February 2018
    Business & Finance

    Epic Gas delivers loss of USD 30.9 million for 2017, against USD 23.3 million reported a year earlier.

  • 27 March 2015

    Epic Gas said it has sold the Epic Cebu (4,000cbm, 1997 built) and Cefalu (4,000cbm, 1996 built) to buyers engaged in Southeast Asian cabotage trades. Epic’s fleet of pressurised LPG carriers consists of 36 vessels on the water with an average size and age of 5,625cbm and 8.4 years, respectively. The company has an additional […]

  • 4 February 2014
    Business & Finance

    Epic Gas Ltd. announced the private placement of 9,375,000 new shares at a subscription price of US$8.00 per share raising US$75.0 million. The shares to be issued will be registered on the Norwegian Over The Counter list in Oslo on or about February 6, 2014 under the ticker code “EPIC”. RS Platou Markets AS and […]

  • 4 February 2014

    Epic Gas Ltd. has announced the private placement of 9,375,000 new shares at a subscription price of $8.00 per share raising $75.0 million. The new shares were placed with a number of institutional investors in the United States and Europe. It is intended that the net proceeds from the private placement will be used to […]

  • 9 May 2018
    Business & Finance

    Epic Gas has exercised purchase options for three LPG vessels, the company said announcing its first-quarter results.

  • 10 January 2017
    Business & Finance

    Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of the 7,500cbm liquefied petroleum gas (LPG) carrier Epic Baluan from Sasaki Shipyard, Japan. Epic Baluan is the sixth vessel in the company’s series of eight newbuildings. The deliveries of two remaining newbuilding vessels in the series, the 11,000cbm Epic Sardinia, to […]

  • 14 February 2019
    Business & Finance

    Epic Gas managed to improve its net financial position by 91 percent in 2018.

  • 5 March 2015
    Business & Finance

    Singapore-based LPG shipping provider Epic Gas recorded USD 23 million net loss and USD 8.8 million operating loss in 2014, driven by weak cargo markets, geopolitical turmoil, substantial deliveries and dramatic falls in commodity prices, which pushed daily rates down to 10 year lows, the company said in its financial report. The annual net loss increased almost threefold compared to USD 7.7m […]

  • 15 August 2018
    Business & Finance

    Epic Gas managed to shrink its net loss in 2Q 2018, mainly due to improving market conditions.

  • 7 July 2017
    Business & Finance

    Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of the 7,500 cbm LPG carrier Epic Boracay. Built in 2009 at Japan’s Murakami Hide Shipbuilding, the vessel is the 42nd ship in the company’s pressurised LPG fleet, representing the latest step in Epic’s strategic consolidation of, and growth within, the sector. The acquisition […]

  • 15 May 2019
    Business & Finance

    Epic Gas has appointed a new Chairman as it narrowed its loss in the first quarter of the year.

  • 26 December 2013
    Business & Finance

    Epic Gas Ltd. announced today that, following the Company’s recent order of two 11,000cbm vessels from Kyokuyo Shipyard Corporation in Japan, it has added two more similar-sized newbuilds to its expanding fleet. These two 11,000cbm vessels will be long term bareboat chartered in from Kumiai Senpaku Co., Ltd., of Japan. The first vessel will be […]

  • 29 February 2016
    Business & Finance

    Owner and operator of pressurized gas carriers Epic Gas has taken delivery of a 7,500 cbm vessel Epic Borinquen from Japan’s Sasaki Shipyard. The Singapore-based company said that the newbuilt ship will now start operating on its time charter agreement for trading in Asia. According to Epic Gas, this is their sixth vessel built and delivered by Sasaki. The yard […]

  • 10 August 2017
    Business & Finance

    Singapore-based Epic Gas has entered into a sale and 10-year bareboat charter back transaction for the 2017-built Epic Salina with a Japanese ship owning company. The company has purchase options to re-acquire the 11,000 cbm ship during the charter period, with the first such option exercisable on the third anniversary of the vessel delivery. This […]

  • 19 March 2019
    Business & Finance

    BW Group purchased a majority stake in Epic Gas and launched an unconditional tender offer.

  • 25 January 2017
    Business & Finance

    Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of Epic Sardinia, a 11,000 cubic meter liquefied petroleum gas (LPG) carrier, from Kyokuyo Shipyard in Japan. Epic Sardinia, which is the seventh vessel in Epic Gas’ series of eight newbuildings, was delivered on January 25, 2017, under a long-term bareboat charter with […]

  • 20 April 2017
    Business & Finance

    Singapore-based owner and operator of pressurized gas carriers Epic Gas has opted to further expand its fleet as it entered into an agreement to buy a 7,500 cbm liquefied petroleum gas (LPG) carrier. Although the company did not disclose the name of the vessel or its previous owner, Epic Gas said that the ship in question […]

  • 30 November 2016
    Business & Finance

    Singapore-based owner and operator of pressurised gas carriers, Epic Gas Ltd, has taken delivery of the third in the company’s series of four owned 11,000 cbm liquefied petroleum gas (LPG) carriers ordered at Kyokuyo Shipyard, Japan. The LPG carrier Epic Samos was delivered on November 30, 2016, Epic Gas said. The deliveries of two more 11,000 cbm vessels, […]

  • 29 March 2017
    Business & Finance

    Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of the 11,000 cbm LPG carrier Epic Salina. The final vessel in a series of eight pressurised LPG newbuildings, constructed by Japanese shipbuilder Kyokuyo Shipyard, joined Epic Gas’ fleet on March 29. In January 2017, the company took delivery of the seventh newbuilding […]