CIT Maritime Finance has agreed to provide the LPG shipownerwith a $46.4m ($36.6m) senior secured credit facility.

Epic will draw on the loan to partially finance threenewbuildings and two modern vessel acquired in the secondary market, CIT said in a statement.

The terms of the deal were not disclosed.

Lars Vang Christensen, CEO of Epic Gas, said: “The seabornepetrochemical trade is expected to grow year over year.