CIT Equpment Finance

The guided-missile destroyer USS Fitzgerald launched from dry dock and is moored pier-side in Mississippi, a step closer to being fully repaired after a 2017 collision that left seven sailors dead, the Navy said.The U.S. Naval Sea Systems Command says the USS Fitzgerald launched out of a dry dock Tuesday at Ingalls Shipbuilding in Pascagoula, Mississippi. The Fitzgerald moored alongside a pier for work that Rear Adm. Jim Downey says will now include testing and outfitting.The ship arrived in Pascagoula on board a heavy lift ship on January 19, 2018, after sustaining extensive damage in a collision with the containership ACX Crystal on June 17, 2017.

The Dubai-based Tristar Group announced that it has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea shipbuilder, Hyundai Mipo Dockyard.The vessels will be delivered between the middle of May 2020 till the first week of January 2021, said a press release from the fully integrated liquid logistics solutions provider.The vessels have been ordered on the back of long-term charter contracts with oil major Shell.“Our business model will continue to be built around the needs of customers and we are confident that if we continue to offer best in class services at competitive pricing there will be immense opportunity to leverage the brand

“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New York State Public Service Commission (PSC), July 12, 2018.To a great extent, this PSC comment provides direct insight into the dynamics behind New York’s pace-setting moves to establish offshore wind.  First, this new energy development is deliberate – not left to chance or laissez faire markets.  Second, state officials are in control, from choosing a contractor to securing money for payment.  Third, state utility commissions act on projects.

Moose Boats rises to the challenge of building its biggest vessel ever. That’s an important step forward for this growing California shipyard. Equally impressive is what’s inside that rapidly developing hull and why those features were chosen.The U.S. boatbuilding scene is a changing landscape of waterfront manufacturing that constantly evolves to meet the inevitable peaks and valleys of demand. Nowhere is that reality more apparent than at California-based Moose Boats. In October 2016, Lind Marine announced the acquisition of Moose Boats.

U.S. presidential candidate Elizabeth Warren said she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium that she would sign an executive order on her first day in office for a "total moratorium on all new fossil fuel leases including for drilling offshore and on public lands." "We must not allow corporations to pillage our public lands and leave taxpayers to clean up the mess," she wrote.