Singapore-based LPG ship owner Epic Gas announced today that it has secured USD120 million from a syndicate of banks to finance its remaining seven owned vessels under construction.
ABN AMRO Bank, Credit Agricole Corporate and Investment Bank, and NIBC Bank are providing the funds, which will cover about 65% of the vessels’ contract prices.
According to IHS Maritime’s Sea-Web data, the ships are Epic Baluan, Epic Bonaire, Epic Borinquen, Epic Salina, Epic Samos, Epic Sentosa, and Epic Shikoku.
Sasaki Shipbuilding has the contract for Epic Baluan, Epic Bonaire, and Epic Borinquen, while Kyokuyo Dockyard is building five ships. All should be completed by 2017.