CIT’s maritime finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping.

Greenyield Shipping is managed by Hayfin Capital Management, a European alternative asset management firm that has invested in more than 65 vessels across the tanker, containership, dry bulk, LNG and offshore segments over the last five years.

“Deep water shipping plays a vital role in supporting the global supply chain and we are committed to investing responsibly by utilizing available solutions to assist in the decarbonization of shipping while generating consistent returns for our investors,” Stephen Majeski, managing director of Hayfin Capital Management, said. “We appreciated CIT’s industry knowledge, their complementary approach towards underwriting risk and their agility in arranging financing for these cargo vessels.”

“The Hayfin team is respected throughout the industry for their expertise in managing commercial vessels serving a variety of shipping categories,” Evan Cohen, managing director and group head for CIT’s maritime finance business, said. “We worked closely to understand their objectives and arrange the financing to help them reach their business goals.”