Gas shipping companies Epic Gas and Lauritzen Kosan have entered into a transaction agreement to combine their fleet and business activities under a single entity.
The combined fleet under the new BW Epic Kosan business will consist of 77 LPG and ethylene carriers ranging in capacity from 3,500 to 12,000 cubic metres.
BW Epic Kosan will be headquartered in Singapore, with Copenhagen as a regional office alongside offices in London, Manila, and Tokyo. Epic Gas' current CEO Charles Maltby will be CEO of the combined entity while Lauritzen Kosan CEO Thomas Wøidemann will lead the commercial organisation.