Epic Gas, the Singapore-based LPG shipowner, has made further efforts to reduce losses, but still ended the year in the red.

It lost $11.7m in the fourth quarter taking its full-year losses to $16.3m. This compares with losses of $16.2 and $23m respectively for the same periods in 2014.

The company saw revenue for the last three months of 2015 slide 4.3%