Epic Gas seals $120m credit facility

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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