MID-ATLANTIC
LNG Bunkering Terminal
ABOUT SEAFARER ENERGY
Seafarer Energy (Seafarer) was formed in 2024 by a team of energy professionals to create a new market for Marcellus gas producers and assist the shipping and cruise industry in sourcing LNG in the Mid-Atlantic and Northeast USA.
Seafarer is different by design. The company is considered a first mover in the region as no LNG bunkering terminals exist north of Jacksonville, Florida. Through a tolling model, Seafarer seeks to create open collaboration among all stakeholders in the value chain to benefit both Marcellus gas producers and the shipping and cruise industry.
Some of Seafarer’s plans include the following:
- Highly modular facility with minimal foundation work targeted.
- Modularity is expected to allow for a faster construction window.
- 30,000 mcf/day feed with 400,000 gallons per day of production of nameplate target capacity.
- 3 million-gallon LNG storage tank plans.
- Low tolling fee to improve realizations for Marcellus gas producers and the shipping/cruise industry.
MARKET OPPORTUNITY
GROWING DEMAND FOR LNG BUNKERING
As of June 2025, over 1,420 ships are LNG or dual-fueled, including container ships, car-carriers, tankers, ferries, and cruise ships.
This Includes :
120
Cruise ships and ferries
250
Tankers
200
Container ships
850
Car-carriers and other segments
- The global LNG-fueled fleet has grown over 480% since 2020.
- From 2024 to 2025, orders for LNG and dual-fueled ships increased by more than 170%, driven by IMO 2025 compliance and green corridor initiatives.
- $27.7 billion by 2033, growing at a CAGR of 36.9% from 2023.
MARKET OPPORTUNITY
GROWING DEMAND FOR CRUISE SHIPS
- 19 large LNG-powered cruise ships now in global service, with additional vessels on order
- Atlantic and Caribbean routes increasingly served by LNG cruise ships departing U.S. East Coast ports
- Destination ports adopting stricter emission standards and sustainability targets
- New York and other major cruise hubs pursuing aggressive emission-reduction initiatives
Disclaimer
These materials have been prepared by Seafarer Energy LLC (“we,” “us”, “our” and the “Company”) and are being provided solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities in any jurisdiction, and should not be treated as giving investment advice to recipients. Offers, if any, are made only through the Company’s definitive offering documents and all addendum thereto. It is not targeted to the specific investment objectives, financial situation or particular needs of any recipient. It is not intended to provide the basis for any third-party evaluation of any securities or any offering of them and should not be considered as a recommendation that any recipient should subscribe for or purchase any securities.
The information contained herein is in summary form, does not purport to be complete and may be superseded in its entirety by any information made available after the date hereof, if any.
These materials contain “forward-looking statements”. Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include statements typically identified by words or phrases such as “may”, “should”, “could”, “would”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “continue”, or the negative of such terms or other similar expressions. Such forward-looking statements are only predictions and are not guarantees of future performance. Recipients of the information in these materials are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business of the Company that may cause the actual results of the Company to be materially different from any future results expressed or implied in such forward-looking statements. Such risks and uncertainties include, but are not limited to, the issuance and/or continued availability of necessary permits, licenses, and approvals from governmental agencies, the availability of sufficient financing on reasonable terms, the ability to obtain satisfactory agreements with customers and to perform under those agreements and unanticipated changes in domestic and international market demand for and supply of LNG. The Company does not undertake, and expressly disclaims, a duty to update any of the forward-looking statements, which speak only for the date they are made, and the Company does not undertake a duty to update this information or to notify you when or whether the analysis has changed. The market and competitive position data, including market forecasts, used throughout these materials were obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications and therefore do not make any representation as to the accuracy of such information.
Certain information has been obtained from public sources. Information not obtained from public sources and contained herein was prepared solely by the Company. No representation or warranty, either express or implied, by the Company is made as to the accuracy, fairness, or completeness of the information presented herein and no reliance should be placed on the accuracy, fairness, or completeness of such information. The Company does not accept any liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this information or its content or reliance on the information contained herein, nor does the Company take any responsibility or liability to update the contents of these materials in the light of new information and/or future events. In addition, the Company may alter, modify or otherwise change in any manner the contents of these materials, in its own discretion without the obligation to notify any person of such revision or changes.
Neither these materials nor anything contained herein shall form the basis of any contract or commitment whatsoever. Recipients of these materials are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard.
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