Epic details escape

Further details have emerged about Singapore-based Epic's purchase of two pressurised LPG vessels from compatriot Komaya Shipping.

Epic details escape Epic confirms it has acquired the 9,500-cbm Mayfair (built 2007) and Charlton (built 2006), with long-term charters for both vessels, but does not provide details.

TradeWinds sources, however, say Epic is paying a firm $52m enbloc, with time charters running at $450,000 per month for each vessel.

Including newbuildings, Epic controls a fleet of 44 small pressurised LPG carriers. One of its new ships, the 7,200-cbm Epic Bird (built 2014), is understood to have been fixed by Siam Gas for six months at $340,000 per month.

In the smaller segment, Sietco has taken the 5,000-cbm Epic St Kitts (built 2008), also from Epic Gas, for two years, with an option for a further six months, at 275,000 per month.

There is also activitity in the newbuilding market. Fuji Iron Works Co and Daytona Industries have joined forces to order a pressurised 5,000-cbm vessel each at Japan’s Murakimi Hide for delivery in 2016. Sources claim the vessels are costing $18m each and describe the order as speculative.

DG Shipping has picked up two older, smaller units — the 4,000-cbm CG Harvest (built 1997) and 3,300-cbm C Alpha Gas (built 1989) — for what is understood to be $6m and $2m, respectively.

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