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News Stories (17 Results) - Shipping

CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships.The financing was arranged on behalf of a fund managed by Mangrove Partners, a New York City-based... Read Story
February 24, 2021, 07:18 AM

Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process... Read Story
September 22, 2020, 07:10 AM

Overseas Shipholding Group, Inc. announced it has closed on a $33,150,000 loan led by Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc. for a term of five years. OSG’s subsidiary, OSG 204 LLC, obtained the loan to finance... Read Story
March 31, 2020, 07:30 AM

CIT Group Inc. announced its Maritime Finance business led the arrangement of $56 million in financing toward the acquisition of two large commercial shipping tankers, which are employed on long-term charters.The financing is part of a transaction... Read Story
January 09, 2020, 07:15 AM

CIT Group Inc. announced its Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships.MPC Container Ships operates a fleet of 69 vessels. Financing through its secured credit... Read Story
April 29, 2019, 07:20 AM

Overseas Shipholding Group, Inc. (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced two subsidiaries have closed on a financing from Wintrust Commercial Finance, a division of... Read Story
November 28, 2018, 07:20 AM

U.S. Bank has launched a new barometer for assessing the nation's shipping industry. The U.S. Bank Freight Payment Index measures quantitative changes in shipment and spend activity, based on data from transactions processed through U.S. Bank Freight... Read Story
October 20, 2017, 07:06 AM

VeriTread, The Heavy-Haul Marketplace, announced its partnership with Sumitomo Corporation of Americas (“SCOA”). SCOA together with Sumitomo Corporation plan to underwrite a $2.5 Million third-party allocation of new units for an undisclosed... Read Story
September 01, 2017, 07:00 AM

SeaCube Container Leasing Limited announced the appointment of Robert F. Sappio to the position of Chief Executive Officer, effective immediately. Mr. Sappio will be based in SeaCube’s headquarters in Woodcliff Lake, New Jersey.Sappio brings... Read Story
June 08, 2017, 07:11 AM

FTR’s Shippers Conditions Index (SCI) for July, showing a miniscule improvement from June, remains at a near neutral reading of -0.1.  The index will continue to hover around equilibrium until early 2017 when steady increases in regulatory drag will... Read Story
September 27, 2016, 07:15 AM

FTR’s Shippers Conditions Index (SCI) for April rose marginally to a reading of 1.5, up from 0.4 in March.  The new reading reflects improved market conditions for shippers as freight demand remains sluggish.  The SCI is at its highest sustained... Read Story
July 06, 2016, 07:09 AM

Stonebriar Commercial Finance announced it has provided a $15 million loan for the purchase of certain marine transportation assets. The loan represents the second made by SCF to a Gulf Coast based supplier of marine transportation solutions to the... Read Story
April 21, 2016, 07:00 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

Triton Container International Limited and TAL International Group, Inc. jointly announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. The transaction, which... Read Story
November 10, 2015, 07:04 AM

CIT Group announced that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. The facility supports... Read Story
August 21, 2015, 06:46 AM

CIT Group announced that CIT Maritime Finance provided a $46.4 million senior secured credit facility to Epic Gas Ltd. (“Epic Gas”). Headquartered in Singapore, Epic Gas owns and operates a fleet of seaborne gas carriers to transport liquefied... Read Story
March 26, 2014, 06:15 AM

SG Blocks, Inc. (SG Blocks or the "Company"), a developer and producer of innovative construction solutions utilizing code-engineered cargo shipping containers, has established a relationship with Monarch Capital Corporation ("Monarch") to provide a... Read Story
January 10, 2014, 06:23 AM