CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships. The financing was arranged on
In what Chairman Peter Livanos calls “a transformative next step,” Piraeus, Greece, based LNG carrier specialist GasLog Ltd. reports that it has entered into an agreement and plan of merger with BlackRock’s
Private equity firm American Industrial Partners (AIP) has agreed to sell what it calls “a significant minority stake” in Great Lakes operator Rand Logistics to funds managed by Oaktree Capital Management’s Transportation
A.P. Moller – Maersk today announced that it will launch of the world’s first carbon-neutral liner vessel in 2023 – seven years ahead of its initial 2030-ambition. All future Maersk owned newbuildings
The Liberian Registry has expanded its presence in South Korea by opening a branch office in Busan, Korea’s most important maritime city. “The opening of our Busan office achieves a strategic objective
In a sign of the growing trend to LNG fueling in the containership sector, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), Haifa, Israel, has entered a 12-year agreement with Seaspan Corporation to
Galveston Wharves, Galveston, Texas, reports that its cargo business totaled 4.3 million tons in 2020, exceeding 2019 totals by 300,000 tons. General cargo, grain and fresh fruit led the gains. Cargo activity
Hapag-Lloyd is breaking new ground in financing. It has concluding two initial transactions under the Green Loan Principles of the Loan Market Association (LMA). Both transactions — a syndicated loan of $417
The latest weekly Tanker Opinon from Poten & Partners notes that 2021 is “not off to a great start.” While usually, the winter months are good for tanker rates, that’s not the
Veteran New York shipowner Peter Georgiopoulis is back in the in the news. United Overseas Group Ltd. (UOC), a company controlled by Georgiopoulos and long time associate Leonidas Vrondissis is to acquire