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News Stories (25 Results) - Shipping

Gordon Brothers is offering for sale by private treaty two commercial vessels, the A.M.S. Swissco and A.M.S. 1806, presenting a unique opportunity for buyers seeking versatile, robust assets suitable for a range of maritime applications. Built in... Read Story

November 25, 2024, 07:00 AM

Key Equipment Finance, a division of KeyBank and one of the largest bank-based financial services companies in the nation, served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii’s second Liquefied... Read Story

July 20, 2023, 07:30 AM

First Citizens Bank's Maritime Finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. Nordic Hamburg is a full-service ship owner and operator... Read Story

June 27, 2023, 07:39 AM

Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize drybulk vessel segment, entered into an Amended and Restated Credit Agreement which provides for an increased borrowing capacity of $175 million, a reduction in margin... Read Story

May 18, 2023, 07:40 AM

SR Alternative Credit, formerly Old Hill Partners, provided $10 million in the form of a senior secured one-year term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment. This... Read Story

October 21, 2022, 07:30 AM

CIT, a division of First Citizens Bank, announced that its Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. "As the container ship market remains strong and our charter exposure solid... Read Story

July 13, 2022, 07:22 AM

Gordon Brothers has acquired the Robyn S accommodation barge from Vanguard Shipping Limited.The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.The barge... Read Story

July 08, 2022, 07:00 AM

CIT, a division of First Citizens Bank, announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This... Read Story

June 09, 2022, 07:30 AM

CIT, a division of First Citizens Bank, announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. The financing, which will be used to... Read Story

May 25, 2022, 07:44 AM

CIT Group's Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC. Greenyield is managed by Hayfin Capital Management, one of Europe's leading alternative asset management... Read Story

December 29, 2021, 08:08 AM

CIT Group announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.The financing includes both term loan and delayed draw components. Leonhardt & Blumberg is... Read Story

November 09, 2021, 07:32 AM

Stonebriar Commercial Finance closed a seven-year, $325 million term loan credit facility with Overseas Shipholding Group, Inc. (OSG), a leading provider of energy transportation services for crude oil and petroleum products in the Jones Act trade.... Read Story

October 25, 2021, 07:50 AM

CIT Group's Maritime Finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment. MPC Container Ships operates a fleet of 64... Read Story

August 11, 2021, 07:42 AM

CIT Group's Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC. The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client... Read Story

January 19, 2021, 07:00 AM

Diamond S Shipping Inc., announced that it has closed on a five-year $525 million credit facility, composed of a $375 million term loan and a $150 million revolving credit facility. Proceeds from the new credit facility were used to repay... Read Story

December 30, 2019, 08:45 AM

CIT Group Inc. (CIT) announced that its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment.MPC Container Ships... Read Story

April 29, 2019, 09:05 AM

Triton International Limited, the world’s largest lessor of intermodal freight containers, announced its wholly owned subsidiary, Triton Container International Limited (TCIL), entered into a $1 billion term loan facility led by PNC Capital Markets... Read Story

December 05, 2018, 07:09 AM

CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions LLC, a shipping company managed by Prime Marine, a leading operator of international shipping... Read Story

September 19, 2018, 08:20 AM

Global Ship Lease, Inc., a containership charter owner, announced that the company had entered into a $65.0 million credit facility with funds associated with Hayfin Capital Management and Breakwater Capital to fund the acquisition of additional... Read Story

September 11, 2018, 07:00 AM

Transocean Ltd. announced that Transocean Inc. closed a $1 billion, five-year, senior secured revolving credit facility, with Transocean Ltd. and certain of its subsidiaries as guarantors thereunder. The new RCF includes an accordion feature that... Read Story

June 28, 2018, 07:12 AM

Bankrupt shipping firm GulfMark Offshore, Inc. and GulfMark Rederi AS, a wholly-owned subsidiary of the company, entered into a commitment letter with DNB Markets, Inc., DNB Capital LLC and Hayfin DLF II Luxco 2 S.à.r.l.  regarding the terms of the... Read Story

October 04, 2017, 07:16 AM

CIT Group announced that CIT Maritime Finance provided a $32 million senior secured credit facility to Norstar Tankers Ltd. to acquire two long range (LR1) product tankers. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of... Read Story

August 14, 2015, 07:12 AM

SEA-Vista I LLC announced that it closed a new $300 million credit facility (the "Credit Facility") with a syndicate of lenders led by JPMorgan Chase. The Credit Facility is comprised of three tranches: (i) a $100 million revolving credit facility;... Read Story

April 21, 2015, 06:49 AM

Overseas Shipholding Group, Inc. (“OSG” or the “Company”) announced that it has emerged from Chapter 11 as a newly reorganized company. OSG emerges with a strong balance sheet, focused strategy and solid customer base. "Today marks the start of a new... Read Story

August 06, 2014, 07:40 AM

Genco Shipping & Trading Limited ("Genco" or the "Company") announced that – consistent with its previously disclosed Restructuring Support Agreement with certain of the lenders under its $1.1 billion secured credit facility entered into in 2007 (the... Read Story

April 22, 2014, 07:19 AM