In a bold move set to reshape the global LNG bunkering sector, Hong Kong-based SeaKapital Holdings is making waves with its strategic investment in green maritime solutions. The newly established company, co-founded by renowned shipping leaders Sabrina Chao and Kenneth Lam, has signed a game-changing contract with Ningbo Xinle Shipbuilding to develop up to six cutting-edge LNG bunkering vessels, marking a significant step forward in the growing demand for sustainable shipping.
A Landmark Investment in LNG Bunkering Infrastructure
SeaKapital has placed an order for two firm 20,000-cubic meter LNG bunkering vessels, with options for two additional pairs, bringing the total potential order to six vessels. The deal, valued at up to $516 million, translates to an estimated $86 million per vessel. This staggered 2+2+2 contract structure provides SeaKapital with scalability and flexibility, allowing the company to strategically expand its fleet in response to the growing demand of the LNG bunkering industry.
Meeting the Global Shift Toward LNG-Powered Vessels
As the maritime sector continues its transition to greener fuels, the demand for LNG-powered ships is expected to double by the end of the decade, according to the latest SEA-LNG report. SeaKapital’s strategic entry into this market is poised to support the rising need for LNG infrastructure. The company’s decision to invest in LNG bunkering vessels reflects a forward-thinking approach to meet the growing requirements for clean, sustainable maritime fuel solutions.
Leading with Vision and Expertise
SeaKapital was founded in 2023 with a clear mission: to deliver innovative and sustainable vessel leasing solutions. Co-founders Sabrina Chao and Kenneth Lam bring decades of expertise in ship ownership, shipping finance, and management to the company, positioning SeaKapital as a key player in the global maritime sector. This latest newbuilding order is part of SeaKapital’s expanding portfolio, which includes a 50:50 joint venture with Hong Kong-listed Seacon – Continental Kapital Shipping Company Limited, focused on the acquisition and management of various vessel types.
Partnering with Excellence: Ningbo Xinle Shipbuilding
SeaKapital has teamed up with Ningbo Xinle Shipbuilding, one of China’s leading shipyards, to bring this ambitious project to life. With an impressive track record in constructing LNG vessels, Xinle is the ideal partner to ensure that these new ships meet the highest environmental and operational standards.
Supporting the Future of Sustainable Shipping
This newbuilding order is more than just an investment in infrastructure; it’s a strategic commitment to the future of shipping. As LNG becomes increasingly recognized as a cleaner alternative to traditional marine fuels, SeaKapital’s efforts will play a pivotal role in expanding the availability of LNG bunkering services worldwide. The new vessels will provide essential infrastructure for LNG bunkering, helping shipping companies reduce their carbon footprint and meet stringent environmental regulations.
About SeaKapital Holdings
SeaKapital Holdings Limited, founded in April 2023 by Ms. Sabrina Chao BBS JP and Mr. Kenneth Lam, is an independent ship-owning company, capital provider, and investment platform headquartered in Hong Kong. The company leverages its founders’ extensive experience in shipping and maritime finance to provide capital and customized leasing solutions to global shipowners and operators.
Ms. Chao, a prominent figure in the maritime industry, has served as Chairman of Wah Kwong Maritime Transport Holdings Limited and President of The Baltic and International Maritime Council (BIMCO).
Mr. Lam, with over 30 years of experience in ship financing, has served as Managing Director and Head of Asia Ship Finance at Crédit Agricole Corporate and Investment Bank. He is also a National Committee Member of the Chinese People’s Political Consultative Conference (CPPCC) and an Executive Member and Honorary Treasurer of the Hong Kong Shipowners Association.
The Road Ahead
With LNG-powered vessels set to become a dominant force in the maritime industry, SeaKapital’s investments are poised to be at the forefront of this transformation. By securing vital LNG bunkering infrastructure and leading the charge for cleaner fuels, SeaKapital is positioning itself as a key player in the future of sustainable shipping.
Source SeaKapital Holdings