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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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Fresh gas discovery unveiled as Eni and BP drill offshore well from onshore

06 May, 2026
Italy’s energy giant Eni and its partner, UK-headquartered BP, have used advanced directional drilling technologies to spud an offshore well from onshore, which led to a new natural gas discovery off the coast of Egypt, augmenting the Middl...

First gas on track before 2026 ends with Southeast Asian project’s subsea ops in full swing

06 May, 2026
With subsea installation works underway, Prime Energy Resources Development (Prime Energy), a subsidiary of Prime Infrastructure Capital, is putting all the required pieces in place to bring the next stage of its natural gas project online ...

Brazilian firm picks new COO after previous one steps down

06 May, 2026
Brazilian oil and gas company PRIO, formerly known as PetroRio, has unveiled the identity of its new Chief Operating Officer (COO) following the resignation of the previous COO. FPSO Valente (formerly known as FPSO Frade) operating in the F...

Oil & gas search in US Gulf: Drilling ops underway at one project with appraisal coming up soon at another

06 May, 2026
Given the Trump administration’s zest to bolster oil and gas resources, offshore operators are taking action to find more hydrocarbon resources. While drilling activities are ongoing at one development in the Gulf of America (U.S. Gulf of M...

Second ORESA innovation call for offshore energy solutions closing on May 8

06 May, 2026
Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sec...

Global Maritime Forum refreshes board with ING, Navigator executives

06 May, 2026
The Global Maritime Forum has reshaped its board, bringing in fresh voices from shipping and finance while long-serving members step down after reaching term limits. Stephen Fewster, global lead for shipping finance at ING Bank, and Mads Pe...

Turkish shipyard delivers 100-meter cable lay vessel to Norway

06 May, 2026
Norwegian Agalas has taken delivery of a cable laying support (CLSV) and light construction vessel built in Türkiye that will operate with compatriot offshore contractor Cecon Contracting. Source: Agalas Cecon Vigor was launched at the Sefi...

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...