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The company said in its annual report filed with the US SEC that the 137,814-cbm Seapeak Hispania was renamed Seapeak Jupiter in January.
In March, the company’s wholly-owned vessel was sold for net proceeds of $14.9 million.
Seapeak did not reveal the buyer’s name or any other details.
In early 2025, this LNG carrier, Seapeak Mars, formerly Seapeak Madrid, and Seapeak Asia, formerly Seapeak Catalunya, were placed in lay-up to reduce Seapeak’s operating costs while the company explored chartering opportunities.
Seapeak also confirmed that it sold the 2004-built steam LNG carrier Seapeak Mars and the 2003-built steam vessel Seapeak Asia.
Brokers previously said these LNG carriers had been sold for demolition.
“In December 2025, as we were ultimately unable to charter Seapeak Asia, the vessel was sold for net proceeds of $12.1 million, resulting in a loss on sale of $3.8 million,” the company said.
Seapeak said that the carrying values of Seapeak Mars and Seapeak Hispania were written down in December to their estimated sales prices based on the sale of Seapeak Asia, resulting in a total impairment charge of $7.1 million.
In January 2026, Seapeak Mars was sold for net proceeds of $12.1 million, the company said.
Three more vessels to be sold
Seapeak also said that it expects to sell three more steam LNG carriers after the completion of their Qatari charters.
The vessels are 2006-built Al Marrouna, which has a contract with Ras Laffan Liquefied Natural Gas Company until October 2026, and 2007-built Al Areesh and Al Daayen, which have contracts with the same firm until January and February 2027, respectively.
Seapeak has a 70 percent ownership interest in these RasGas II Joint Venture vessels.
“Steam turbine LNG carriers are currently facing acute market pressure amid weak demand and a record number of such vessels are currently inactive,” Seapeak said.
According to the firm, the outlook for these vessels is not expected to significantly improve by late-2026 and early-2027.
“Therefore, it is expected that the RasGas II Joint Venture vessels will be sold, unless a suitable charter can be found prior to the expiration of their existing charters,” Seapeak said.
Newbuildings
Shipbuilding sources previously told LNG Prime that Seapeak booked two LNG carriers at South Korea’s Samsung Heavy in December.
Sepeak said in the report that it entered into shipbuilding contracts with Samsung Heavy for the construction of two 174,000-cbm low-pressure dual-fueled (X-DF) LNG carrier newbuildings in December.
The two LNG carriers will be constructed for a total estimated fully built-up of cost of $511.6 million and the first installment payments totaling $48.9 million were paid in February 2026, the firm said.
“Concurrently in December 2025, we secured 10-year fixed-rate charter contracts with a U.S.-based, investment-grade LNG exporter for the two LNG carrier newbuildings, which are expected to commence during the second half of 2028 upon deliveries of the vessels,” the company said.
As of December 31, 2025, Seapeak’s fleet included 51 LNG carriers (including seven LNG carriers under construction), and one LNG regasification terminal in Bahrain, in which the company’s interests ranged from 20 percent to 100 percent.