Press Release – 29 Apr 2014
Epic Gas Ltd. Announces Contracts for Two 7,500cbm LPG Carriers Delivering 2016
Singapore April 30, 2014 – Epic Gas Ltd. announced today that the Company has signed shipbuilding contracts for two 7,500cbm fully-pressurised gas carriers with Sasaki Shipbuilding of Japan. The vessels are scheduled for delivery during the first half of 2016.
Following this commitment, Epic Gas has 13 vessels in its newbuilding program, three of which are scheduled for delivery in 2014, three in 2015, six in 2016, and one in 2017.
Epic Gas has taken delivery of three newbuildings during 2014, including the ‘Epic St. Croix’, a 5,000cbm fully-pressurised gas carrier delivered from Sasaki Shipbuilding on April 24, 2014.
About Epic Gas
Epic Gas, headquartered in Singapore, owns and operates a fleet of fully pressurised gas carriers providing seaborne services for the transportation of liquefied petroleum gas and petrochemicals. The Company controls a fleet of 42 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.
Epic Gas also provides commercial and technical management for external owners.
Epic Gas Ltd.
Uta Urbaniak, +65 6230 7818
Chief Financial Officer
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “feel, ” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.