Seaspan Energy Leads Charge Towards Lower-Carbon Emission Fuels in Shipping

Seaspan Energy's recent milestone of completing its 150th ship-to-ship liquefied natural gas (LNG) bunkering operation in under two years has solidified its position as a major player in the maritime industry. This achievement is particularly noteworthy, given that it was Canada's first such operation when it took place on January 30, 2025.

Seaspan Energy's parent company, Seaspan Corp., has a long history of innovation and expansion. In 2020, it acquired APR Energy Ltd. for $750 million in an all-stock transaction as part of its plan to diversify into the energy sector. Today, the company's container ship fleet numbers 227, a significant increase from its early 21st-century beginnings.

While the demand for dual-fuel ships remains marginally buoyant, LNG is emerging as the leading lower-carbon emission bridge fuel in the maritime industry. The World Bank Group estimates that by 2040, supporting global maritime fuel supply could require around $310 billion for green ammonia, $81 billion for green methanol, and $42 billion for renewable LNG.