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Hong Kong shipowner and leasing specialist SeaKapital Holdings has embarked on a newbuilding project in the LNG bunkering sector.
The company, set up by two of Hong Kong’s well-known shipping names, Sabrina Chao (pictured) and Kenneth Lam, has contracted up to six vessels at Ningbo Xinle Shipbuilding in China.
The order covers two firm 20,000 cu m vessels at an undisclosed price with two options for an additional pair each.
Several newbuilding moves in the growing LNG bunkering segment have taken place at yards in China and South Korea as the number of LNG-powered ships is expected to double by the end of the decade from more than 600 at the end of 2024, according to the latest DNV data.
SeaKapital was founded in April 2023 to source and provide capital to the shipping sector. Last August, the company also revealed a 50:50 joint venture, Continental Kapital Shipping, with Hong Kong-listed owner and manager Seacon.
The jv focuses on acquiring, owning, leasing, and managing various types of vessels, including multipurpose heavylift ships, chemical tankers, and dual-fuel car carriers.
Earlier this month, Seacon novated two shipbuilding contracts to the venture for 18,500 dwt chemical tankers at Fujian for $19.76m.
The post SeaKapital signs for LNG bunker newbuilds appeared first on Energy News Beat.
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Energy News Beat