ShippingWatch

Epic Gas wants to grow in the West

Singapore-based gas carrier Epic Gas eyes significant opportunities in new gas markets far from the company's historical core business in Asia, says CEO Lars Vang Christensen in an interview with ShippingWatch.

Photo: Privat

Things have gone fast since Lars Vang Christensen took over as CEO of gas carrier Epic Gas on May 1st 2013. Fleet expansion upon fleet expansion mean that the company currently has 38 gas ships on the water and in the pipeline from three different shipyards in Japan.

Most recently, Epic Gas raised USD 75 million in a private placement at the OTC Stock Exchange in Oslo, where the company's shares will start trading on February 6th. According to CEO Lars Vang Christensen, the funds will be used to strengthen the carrier's fleet with further newbuildings, as well as fortifying its strategy to expand the carrier's activities, so that the company - in addition to its historical Asian focus - also becomes more visible in other major regions.

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