Epic Gas benefits from new ships in 1st quarter

Singapore-based Epic Gas took delivery of new ships in the first three months of the year, and this helped raise the result for the period. The company has 12 newbuildings in the orderbook.

Photo: Privat

Singapore-based gas carrier Epic Gas, which has been headed by Danish Lars Vang Christensen since May 2013, saw improvements in the first three months of 2014, according to the carrier's interim report for the period.

The carrier achieved a revenue of USD 23.3 million, compared to USD 18.8 million the year before. The operating profit increased to USD four million, up from USD 1.5 million, while the bottom line finished at a USD 2.5 million net deficit, compared to a net deficit of USD 3.6 million in the first three months of 2013.

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