Epic Gas has secured another $31.8m from CIT Maritime Finance to fund its fleet expansion.
The New York-listed CIT group said the secured facility will finance two LPG carriers acquired in the second-hand market.
The Singapore shipowner has now won more than $78m in financing from CIT in the last year.
Svein Engh, managing director of CIT Maritime Finance, said: “Since we began our relationship with Epic Gas in 2013, the company has grown to become one of the largest owners and operators of pressurized LPG carriers in the market.
“We
