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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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Transocean’s $5.8 billion merger with Valaris pending US antitrust clearance

06 May, 2026
Switzerland-based offshore drilling contractor Transocean’s business combination with the Bermuda-incorporated Valaris is facing extended antitrust scrutiny, as the offshore drilling giants’ merger request is under review with the Federal T...

Hybrid flexible pipe for ultra-deepwater to hit the market in 2028

06 May, 2026
Energy technology company Baker Hughes and Dutch thermoplastic composite pipe (TCP) manufacturer Strohm are developing a hybrid flexible pipe (HFP) for ultradeepwater risers and flowline applications that will be half as heavy as a conventi...

Bunker supplier TFG Marine links financing to digital delivery records

06 May, 2026
TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Alex Saverys-led CMB.TECH has secured a working capital facility of up to $300m from DBS Bank, boosting liquidity as it scales up operations and pushes...

DOF to build four green vessels for 12-year contracts with Petrobras

06 May, 2026
Norwegian DOF Group is set to construct four ROV support vessels (RSVs) that will be deployed for respective 12-year charter/service contracts with Brazilian oil & gas giant Petrobras. Following a competitive tender process, DOF has bee...

Valaris’ batch of rig deals lifts total contract backlog to $4.9 billion

05 May, 2026
Bermuda-incorporated offshore drilling contractor Valaris has secured new rig assignments and contract extensions in Brazil, Brunei, Indonesia, and the UK and Dutch sectors of the North Sea. Valaris 123, formerly Ensco 123, jack-up rig; Sou...

Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project

05 May, 2026
Saipem’s 165-meter-long pipelay vessel Castoro 10 has begun the construction of an offshore pipeline in the Romanian part of the Black Sea that will transport natural gas from an offshore production platform to shore as part of the Neptun D...

Petrobras, Shell, TotalEnergies, and Petrogal formalize production split for Brazilian oil field duo

05 May, 2026
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has disclosed the go-ahead for the production individualization agreements (AIPs) for shared reservoirs in the pre-salt layer of the Santos Basin. FPSO P68 operating in t...

Shell and Kosmos put US Gulf hydrocarbon prospect on their 2027 drilling agenda

05 May, 2026
U.S.-headquartered oil and gas exploration and production company Kosmos Energy and its partner, Shell, are planning to spud a prospect in the Gulf of America (U.S. Gulf of Mexico) next year. Shell’s Appomattox platform in the U.S. Gulf; So...