The Singapore-based LPG carrier owner said the fundswere secured from Germany’s Norddeutsche Landesbank.

Epic Gas has ten LPG tankers on order at yards inJapan ranging in size from 3,500-cbm to 11,000-cbm.

Details of the latest fund raiser were disclosed inEpic Gas’ annual report which was published Wednesday.

On Monday Epic Gas reported a 24% increase in firstquarter revenue of $23.3m in its first set of results since listing in Oslo inFebruary.