Singapore: Epic Gas has secured $31.8m in financing from CIT Maritime Finance, with which the Singapore-based owner has acquired two secondhand LPG carriers.
“The two vessels we acquired through this financing are cost-efficient and ideal for short- to medium-haul of transporting/redistributing LPGs and chemical gases to the smaller gas terminals,” Lars Vang Christensen, ceo of Epic Gas, said in a statement.
Including this transaction, CIT Maritime has provided over $78m in financing to Epic over the past year.
Terms of the transaction were not disclosed. The vessels acquired have not formally been identified. [15/10/14]