Epic Gas reports growing revenue in tough 2015
Rates in the LPG market were "bouncing along the bottom" in 2015, especially due to a record number of newbuildings, weak demand and sliding commodity prices. But Epic Gas delivered an improved revenue and reduced deficit, driven mainly by a focus on larger vessels.
by DANIEL LOGAN
The gas transport market is low, and 2015 brought about the lowest rates in 15 years in a development driven primarily by low commodity prices, a large influx of newbuildings and low demand in certain regions, reports carrier Epic Gas in its unaudited results for 2015, published Thursday.
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