New York City-headquartered CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business has provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed
CIT Group Inc. (NYSE: CIT) reports that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk
By Basil M. Karatzas, Founder, Karatzas Marine Advisors & Company Until recently, the offshore drilling market had the distinction of employing the most expensive assets in the maritime industry. A decade ago,
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
NOVEMBER 12, 2018 — CIT Group Inc. (NYSE: CIT) has named Evan Cohen as managing director and group head for its Maritime Finance business. In his new role, Cohen leads a team
JULY 17, 2018 — The Republic of Liberia has amending Liberian maritime law to allow lease financing structures to be recorded as mortgages. As a result, Liberia is the only flag state
OCTOBER 16, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $31.8 million senior secured credit facility to Epic Gas Ltd. to acquire two pressurized liquefied petroleum gas
APRIL 15, 2014 — CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY
OCTOBER 16, 2013 — New York headquartered CIT Group Inc. (NYSE: CIT) says that CIT Maritime Finance has entered into a cooperation agreement with Norway’s RS Platou Finans AS that will help
