Gas epic 900 thousand quarter loss of $second

The company recently released the second quarter of 2016 recorded a loss of $900 thousand, $1 million 880 thousand compared with the same period last year, the amount of loss narrowed. Epic gas, chairman and chief executive officer Charles Maltby said, because of overcapacity and commodity re pricing changes caused by shipping needs, LPG market continues to fall along the bottom, currently on the market in a mixed mood. 

However, the LPG fleet net growth has been significantly reduced, compared to the same period last year fell 45%. China freight network (snet), the second quarter, 3500 cubic meters LPG shipment rent rent amount to 5551 dollars per day, 5000 cubic meters LPG ship rent amount to 7089 dollars per day, 7500 cubic meters of LPG ship rent amount to 11116 dollars per day, compared to the first quarter performance is stable, but with the same last year Period compared to smaller ship prices fell 10%.