AsiaFinance and InsuranceGasTankers
Epic Gas seals $120m credit facility
Epic Gas has sealed a $120m senior secured credit facility to help finance roughly two thirds of its remaining seven newbuildings.
The Singapore-based firm said in a release: “The company remains committed to the delivery of a high quality fleet with an outstanding newbuilding program of three 7,500 cu m vessels and four 11,000 cu m vessels, plus an additional 11,000 cu m newbuilding to be delivered under a bareboat charter to Epic Gas.”
Epic Gas, founded three years ago, has been one of the fastest growing players in the gas carrier markets, now boasting a fleet of 45 vessels.