Press Release – 1 Nov 2013
CHRIS BUTTERY IS APPOINTED CHAIRMAN OF THE BOARD OF EPIC. THE COMPANY STRENGTHENS ITS BOARD OF DIRECTORS AND SEEKS TO FURTHER EXPAND ITS LPG FLEET.
TOKYO (1 November 2013) – Epic announced today that:
• CHRIS BUTTERY has been appointed Chairman of the Board
• PAUL OVER has been appointed Member of the Board of Directors
• RYOJI MOCHIZUKI has been appointed Director
• In addition to the announced ongoing new building program Epic has entered into a dialogue with a leading shipyard for pressurised gas carrier construction with the aim to further expand its fleet.
The new Chairman of the Board, Chris Buttery, says, “As Chairman I am very pleased to welcome Paul Over and Ryoji Mochizuki to Epic. With strong support from our new shareholders, with whom we have worked so successfully in the past in building Pacific Basin, I believe Epic is very well positioned for growth and to create shareholder value
Chris Buttery and Paul Over were two of the founders of Pacific Basin.
”I am very excited being part of a company with a strong track record and substantial opportunities again and I hope that my 37 years of experience in the industry will contribute to the success of Epic going forward.”, says Paul Over.
Ryoji Mochizuki, who is based in Tokyo, has been working as a shipbroker and in the capacity as owner’s representative in the local and international shipping markets for more than 36 years. With strong representation in Japan Epic moves even closer to its important clients. Ryoji Mochizuki says,”It is a pleasure for me to be working with such a
reputable ship-owner, an experienced management team and with a company with great prospects.”
Lars Vang Christensen, Chief Executive Officer, says,”We all have high expectations for Epic with its well tested and professional management team in this competitive and ever changing world of shipping. We will endeavour to ensure that Epic continuously improves its services and remains our customers’ carrier of choice. Our new building
program is a clear evidence of Epic’s strong commitment to our client base of leading oil majors, commodity trading houses and to the ship building industry in Japan and we look forward to building on that momentum.”
Currently Epic has established a new building program at Sasaki Shipyard Co. Ltd. and at Kitanihon Shipbuilding Co. Ltd. Delivery of the new buildings commences January 2014, continues through 2015 and with the latest initiative into 2016. The new building program will allow Epic to replace older tonnage in its control and will further demonstrate firm commitment to Epic’s loyal customers by being able to offer an even wider choice of modern, environmentally
safe high quality tonnage.
About Epic Gas
Epic Gas, headquartered in Singapore, owns and operates a fleet of fully pressurized gas carriers providing seaborne services for the transportation of liquefied petroleum gas and petrochemicals. Including the newbuildings, the Company controls a fleet of 31 vessels which serve as a crucial link in the international gas and petrochemical supply chains of leading oil majors and commodity trading houses throughout Southeast Asia, Europe, West Africa and the Americas. Epic also provides commercial and technical management for external owners.
Epic Gas Ltd.
Uta Urbaniak, +65 6230 7818
Chief Financial Officer