Impairments dragged Epic Gas into the red in 2017

Singapore-based gas carrier Epic Gas booked an impairment in the fourth quarter, which sent the total result for last year into the red. The market for LPG grew with increased volumes in 2017. 

Photo: Epic Gas

Epic Gas exited 2017 with an even greater deficit on the bottom line, in a market which otherwise grew in global volumes of liquid petroleum gas, LPG.

The gas carrier booked a deficit of USD 30.9 million in 2017 compared to a loss of USD 23.3 million the year before, according to the annual report, published Wednesday. The greater deficit is partly attributed to a goodwill impairment of USD 12.9 million.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs