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News Stories (17 Results) - Vessel

Stonebriar Commercial Finance announced the closing of a $35 million vessel-secured mortgage to a limited recourse special purpose entity majority owned by a leading provider of marine transportation services. The vessel collateral securing the loan... Read Story
November 06, 2017, 07:25 AM


Key Equipment Finance announced that it has provided $53 million in financing for VanEnkevort Tug & Barge, Inc. (VTB)  for the acquisition of the newest tug barge in the Great Lakes through its marine finance group.  In addition, the firm’s capital... Read Story
June 30, 2017, 07:17 AM


DLL has been working successfully with Stena Line, one of the world's largest ferry operators, on a transaction to finance the replacement of their fleet of terminal tractors in 6 of their ports in the Netherlands and the UK. The transaction covers a... Read Story
December 23, 2015, 07:12 AM


Although lingering effects of the slow global economic recovery can still be felt on the maritime industry, the sector continues to slowly improve. Bright spots include the increased demand for maritime transportation of crude oil, so much so that... Read Story
January 15, 2015, 07:00 AM


CIT Group announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company. The facility supports the purchase of dry bulk carriers in the Handysize and Supramax... Read Story
November 20, 2014, 07:01 AM


CIT Group announced that CIT Maritime Finance provided $64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between Prime Tanker Management (Prime) and funds managed by Castlelake, L.P. The facilities support... Read Story
November 04, 2014, 07:00 AM


CIT Group announced that CIT Maritime Finance provided a $95.2 million senior secured credit facility to Heron Ventures, a joint venture between Oceanbulk Shipping and ABY Group Holding. The facility supports the purchase of a fleet of 12 drybulk... Read Story
April 16, 2014, 07:05 AM


AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided a $400 million loan for vessels owned and operated by Nautical Solutions, LLC, which is an operating unit of Edison Chouest Offshore (Chouest).  Proceeds from the loan were used... Read Story
November 19, 2013, 06:58 AM


GE Capital, Corporate Finance announced it provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats. Founded in 1995 and headquartered in New Orleans, LA, Laborde Marine... Read Story
November 04, 2013, 06:45 AM


Nations Equipment Finance announced they recently provided two equipment loans totaling $19,000,000. The first was for $12,000,000 for Barge Rigs to a company located in Louisiana. The second was for $7,000,000 for forestry and construction equipment... Read Story
November 01, 2013, 06:27 AM


Key Equipment Finance has promoted Ronnie Evans to director of commercial marine finance. In this role, Evans will be based out of South Louisiana, and will be responsible for the growth and management of Key Equipment Finance’s growing marine... Read Story
October 22, 2013, 07:00 AM


CIT Group announced that CIT Maritime Finance has entered into a Cooperation Agreement with RS Platou Finans AS that will help CIT Maritime Finance expand into the leasing market. “Through this agreement CIT Maritime Finance will have access to the... Read Story
October 17, 2013, 07:00 AM


CIT Group announced that CIT Maritime Finance provided a $83.7 million senior secured credit facility to PST Tankers LLC, to finance the acquisition of a fleet of eight product tankers managed by Product Shipping & Trading S.A., a company controlled... Read Story
October 03, 2013, 06:50 AM


CIT Group announced that CIT Maritime Finance provided a senior secured credit facility to Tanker Solutions, a joint venture between funds managed by TPG Credit Management and Prime Tanker Management. The financing supports the purchase of the M/T... Read Story
August 15, 2013, 06:41 AM


CIT Group Inc. announced that CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT, to finance the acquisition of three 50,000 DWT... Read Story
August 08, 2013, 07:00 AM


With less competition in the market and a high demand for refinancing, the perfect time to be in the maritime finance business is right now, according to Svein Engh, Group Head and Managing Director of CIT Maritime Finance at CIT Group. These issues... Read Story
May 30, 2013, 07:10 AM


CIT Group announced the launch of CIT Maritime Finance, which will originate and underwrite blue water vessel financing. In connection with this announcement, Svein Engh was appointed Managing Director and Group Head of the business and will report... Read Story
November 14, 2012, 07:19 AM