Press Release – 04 Mar 2014

Epic Gas Ltd. Extends Existing Inward Bareboat Charters and Enters into New Inward Bareboat Charters for Two 7,200cbm Newbuildings

Epic Gas Ltd. announced today the extension of inward bareboat charter contracts for four vessels:

  • Cobrador, a 3,500cbm pressurised LPG carrier built at Kanrei in Japan in 2009, has been extended until 2022
  • Cordova, a 3,500cbm pressurised LPG carrier built at Kanrei in Japan in 2009, has been extended until 2022
  • Miyake, a 4,100cbm pressurised LPG carrier built at Higaki in Japan in 2001, has been extended until 2018
  • Arran, a 4,100cbm pressurised LPG carrier built at Watanabe in Japan in 2000, has been extended until 2018

Additionally, the Company has entered into new inward bareboat charter contracts for two newbuildings:

  • The first 7,200cbm pressurised LPG carrier, to be named Epic Bell, to be delivered March 2014 from Kyokuyo in Japan, has been chartered in until 2022
  • The second 7,200cbm pressurised LPG carrier, to be named Epic Bird, to be delivered June 2014 from Kyokuyo in Japan, has been chartered in until 2022

All six inward bareboat charters feature purchase options and fixed monthly charter rates throughout the term of the contract.

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 newbuildings, the Company controls a fleet of 40 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
uurbaniak@epic-gas.com
Chief Financial Officer

www.epic-gas.com