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Shipping Finance

Stay up to date with the latest in Shipping Finance— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.
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Performance Shipping seals sale and leaseback for LR1 newbuild

17 Mar, 2026
Nasdaq-listed tanker owner Performance Shipping has secured a sale and leaseback deal for its LR1 newbuilding currently under construction in China. Under the agreement, the vessel being built at Jiangsu New Yangzi Shipbuilding for delivery...

New partnership targets multi-fuel reforming system pilot

17 Mar, 2026
Lomarlabs, an innovation arm of Lomar Shipping, and Blaze Energy, a U.S.- and Norway-based hard-tech company focused on fuel flexibility for the maritime shipping industry, have set up a collaboration to pilot a compact onboard fuel reformi...

Fresh gas discoveries in North Africa give Mediterranean energy security a leg up

17 Mar, 2026
Italy’s energy giant Eni has struck two new gas discoveries off the coast of Libya, upping the North African country’s hydrocarbon potential. Illustration; Source: Eni Eni made two new gas discoveries in Libya as a result of an exploration ...

New EPC contract for OneSubsea, this time offshore China

17 Mar, 2026
China National Offshore Oil Corporation (CNOOC) has awarded OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, with an integrated engineering, production, and construction (EPC) contract for subsea production systems for ...

Stage being set for multi-well stimulation at offshore platform in California

17 Mar, 2026
The U.S. Bureau of Ocean Energy Management (BOEM) has taken a step to lay the groundwork for the proposed offshore well stimulation work at a platform off the coast of California. Gilda platform; Source: BOEM BOEM has issued a notice of int...

New Asian oil & gas explorer emerges from Triangle Energy’s spin out move

17 Mar, 2026
Western Australia-headquartered and ASX-listed oil producer and explorer Triangle Energy has decided to restructure its portfolio by carving out its assets in the Philippines to give birth to a new Asia-focussed oil and gas explorer through...

New Asian oil & gas explorer emerges from Triangle Energy spin out move

17 Mar, 2026
Western Australia-headquartered and ASX-listed oil producer and explorer Triangle Energy has decided to restructure its portfolio by carving out its assets in the Philippines to give birth to a new Asia-focussed oil and gas explorer through...

Brazilian oil & gas firm in the clear for 14-well offshore drilling campaign

17 Mar, 2026
Brazilian oil and gas company PRIO, formerly known as PetroRio, has obtained a multi-well drilling license for a field in the Campos basin off the coast of Brazil. FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off...