[Photo: BIMCO]
Sabrina Chao, Founder and Chairman, and Kenneth Lam have co-founded SeaKapital which is an independent Ship Leasing Company and is now in operation. Sabrina Chao is a seasoned shipowner and currently the President of BIMCO, the largest non-profit international shipping association. I am extremely proud to have Sabrina as a business partner and a trusted friend.
Through Ship Leasing, SeaKapital is to provide LT sustainable and responsible capital to the most essential and capital intensive part of Shipping. 90% of all international trades are seaborne; the international ocean-going fleet of about 60,000 vessels is worth approx. US$1.4 trillion with approx. another US$300 billion of newbuildings on order and that has yet taken into account the upcoming fleet renewal under decarbonisation or other ESG initiatives. Shipping is a necesssity and finding the LT capital for likeminded owners and players will be SeaKapital’s objective.
SeaKapital will source its capital internationally, from a large pool of investors. SeaKapital will also work with shipping banks and other capital providers to find comprehensive solutions for the industry.
SeaKapital is an international company based in Hong Kong. HK is chosen because of its friendly jurisdiction and its deep understanding of the international legal, tax and regulatory environment for Shipping and Shipowning. The HK Ship Leasing Bill enacted in 2020 is among the legislations that will provide stability to SeaKapital. Hong Kong is an interntional finance, shipping and trade centre, as repeatedly emphasised in China’s 13th and 14th FIve-Year Plans.
Source: Kenneth Lam
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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