CIT’s maritime finance business increased its financing for Globus Maritime by $18 million. The lending increase expands CIT's relationship with Globus Maritime and raises CIT's total financing to the client to $52.25 million, which is secured by seven dry-bulk shipping vessels. read more

AUG 26, 2022 - 7:32 am

CIT’s Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions, a shipping company managed by Prime Marine, an operator of international shipping vessels. read more

SEP 20, 2018 - 7:15 am

CIT Maritime Finance provided a $40 million senior secured credit facility to Valløby Shipping to acquire a fleet of chemical tankers. read more

DEC 8, 2015 - 6:17 am

CIT Maritime Finance served as sole lead arranger and administrative agent in a $150 million senior secured credit facility to American Shipping Company ASA. read more

DEC 2, 2015 - 6:33 am

CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. read more

AUG 21, 2015 - 7:03 am

According to an article that appeared in the Manila Bulletin, Svein Engh, managing director and group head of CIT Maritime Finance said funding conditions for many dry bulk shipping firms are set to remain tough. read more

FEB 19, 2015 - 7:07 am

Although lingering effects of the slow global economic recovery are still felt in the maritime industry, the sector is slowly improving, according to Svein Engh, group head/managing director, CIT Maritime Finance. read more

JAN 15, 2015 - 12:21 am

CIT Maritime Finance provided $64 million in senior secured credit facilities to Tanker Solutions III, a joint venture between Prime Tanker Management and funds managed by private investment firm Castlelake. read more

NOV 4, 2014 - 7:19 am

CIT Group announced that CIT Maritime Finance provided a $31.8 million senior secured credit facility to Epic Gas to acquire two pressurized liquefied petroleum gas tankers on the secondary market. read more

OCT 16, 2014 - 7:03 am