Epic Gas continues in the red

Singapore-based Epic Gas suffered a USD 3 million deficit, while the carrier's revenue grew significantly due to a higher number of ships in the fleet, according to the interim report.

BY KATRINE GRØNVALD RAUN

Gas carrier Epic Gas, based in Singapore and headed by Danish Lars Vang Christensen as CEO, saw its net deficit increase in the 3rd quarter, to USD 3 million, compared to a deficit of USD 1.3 million in the same period last year. Meanwhile, the carrier's revenue grew 51 percent in the period, to USD 33.1 million.

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Epic Gas secures financing

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Front page now

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

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Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

Further reading

Media: Sale of DB Schenker enters next phase

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Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

German bank to broker CO2 allowances to shipping customers

Jobs