FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / ...

ABL Advisor Search Results

News Stories (17 Results) - Shipping

First Citizens Bank's Maritime Finance business provided a senior secured loan of $22 million to Euroseas Ltd. for the financing for a newbuild 2,800 TEU Eco containership. Formed in 2005, Euroseas is an owner and operator of container carrier... Read Story
June 26, 2024, 07:30 AM


Wintrust Receivables Finance (WRF) closed a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage. Drayage is the transport of goods by truck from a seaport, inland port, or... Read Story
November 16, 2023, 07:47 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 announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers.   MSea Capital founded in 2012 is an international maritime investment and asset manager with... Read Story
July 12, 2023, 07:45 AM


First Citizens Bank's Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece.The loan portfolio... Read Story
June 21, 2023, 07:45 AM


First Citizens Bank announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier. Purus... Read Story
March 03, 2023, 07:33 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, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group, also known as Polsteam Group, by $10 million via a secondary purchase. CIT Maritime's loan... Read Story
May 06, 2022, 07:29 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 is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven... Read Story
June 25, 2021, 07:52 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


Umpqua Bank, a subsidiary of Umpqua Holdings Corporation has provided $47.6 million in senior secured credit facilities to Bay Ship & Yacht Co., the largest vessel maintenance and repair company in Northern California. The financing will be used for... Read Story
January 15, 2018, 07:25 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


Santander Bank announced that its Corporate and Commercial Banking division has closed a $10 million senior secured revolving line of credit with OL International, an ocean and airfreight cargo transportation provider.Michael Grande, Senior Vice... Read Story
April 11, 2017, 07:05 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