The Singapore-based LPG specialist posted a loss of $2.4m for the first three months of 2015, figures released Tuesday show.
Revenue increased 43% year-on-year to $33.4m, but total expenses for the quarter increased by 37% to $32.5m.
“Whilst Epic saw earnings marginally increase during the first quarter, the pressurised LPG sector has seen a significant reduction in average rates in the past twelve months,” the shipowner said.
“The
