Press Release – 03 July 2014
EPIC GAS LTD. ENTERS INTO INWARD BAREBOAT CHARTERS FOR TWO 7,200CBM VESSELS
Singapore July 3, 2014 – Epic Gas Ltd. announced today that it has concluded long-term inward bareboat charter contracts with the Siva Group for two 7,200cbm vessels. The vessels, both 2010 built, will be named “Epic Bali” and “Epic Borneo”.
The bareboat charters feature purchase options and fixed monthly charter rates throughout the term of the contracts. The vessels are currently employed by two leading LPG shippers.
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. Including the new buildings, the Company controls a fleet of 47 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.