Pacific Basin founders join Epic’s swift expansion

Singapore: Fast evolving gas operator Epic Shipping has appointed two legendary shipping wheeler dealers to the board. Chris Buttery and Paul Over, the pair who founded, listed and sold Hong Kong’s Pacific Basin, have been appointed as chairman and a member of the board respectively.

On top of that Tokyo-based Ryoji Mochizuji has been appointed a director.

Buttery said, “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 going forward.”

Currently Epic has established a newbuilding program at Sasaki Shipyard and at Kitanihon Shipbuilding. Delivery of the newbuildings commences January 2014, continues through 2015 and with the latest initiative into 2016.

Including the newbuildings, the company controls a fleet of 31 vessels.  [04/11/13]

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