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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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Spirit Energy books AG on multi-year North Sea gig

18 Mar, 2026
Spirit Energy, an energy company with two shareholders consisting of Centrica (69%) and Stadtwerke München GmbH (31%), has hired AG Consultancy and Apps (AG), an independent SAP consultancy, on a long-term assignment to support its assets i...

More oil unearthed in Norwegian waters as Equinor strikes black gold again

18 Mar, 2026
Norwegian state-owned energy giant Equinor has unveiled a new oil discovery in the Barents Sea off the coast of Norway, which was drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player. COSL Prospecto...

Two Flex LNG vessels on duty until 2032 and one ship up to 2041

18 Mar, 2026
Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has revealed a contract extension for two LNG carriers and the start of an assignment for another vessel. Flex Resolute; Source: Flex LNG While disclosing the exerc...

Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

18 Mar, 2026
Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. Source: Minesto This is said to be a preparatory first step of the microgrid project, partly funded by the ...

First US subsea rock installation vessel begins sea trials

18 Mar, 2026
Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel (SRIV), owned by Texas-headquartered Great Lakes Dredge & Dock Corporation (GLDD), has begun its sea trials, with operations to start soon. Source: Ulst...

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 ...