CitiCapital Commercial Corporation

CitiCapital Commercial Corporation was a division under Citigroup that specialized in commercial finance services. Here are some key points about the company:

Services Offered: CitiCapital offered a variety of financing solutions, including equipment leasing, commercial real estate loans, vendor finance, and other tailored financial products for businesses. They served a wide range of industries, including healthcare, transportation, manufacturing, and construction.

Client Base: The company catered to both small and large businesses, providing customized financial products to meet the specific needs and growth objectives of their clients.

Acquisitions and Changes: CitiCapital went through various changes over the years, including acquisitions and restructuring within Citigroup. In 2008, Citigroup decided to exit the CitiCapital business, and its significant portions were sold off. For example, GE Capital acquired many of CitiCapital's businesses.

Parent Company: Being a part of Citigroup, CitiCapital benefited from the backing and resources of one of the world's largest financial services organizations. This affiliation allowed clients access to a broad spectrum of financial products and services beyond what CitiCapital itself directly provided.

Market Strategy: The company often employed a vendor finance strategy, aligning closely with equipment manufacturers and vendors to offer financing solutions directly at the point of sale, which facilitated better integration into business operations for their clients.

Ultimately, CitiCapital was known for its role in providing robust commercial finance solutions to its client base but underwent significant changes as Citigroup restructured its business operations over time.

972-652-4709
www.citicapital.com/marine/index.asp
972-652-4796

Products

Financing and Leasing

Irving USA

290 East John W Carpenter Freeway
Irving TX 75062
USA

Ships

BARBARA ANDRIE

Tug | Flag: United States of America | Port: Cleveland, OH

Maritime News

Asia to Take More US LNG ... but is it Enough to Placate Trump?

yesterday

There are early signs that some Asian countries are stepping up their imports of U.S. liquefied natural gas (LNG) as part of trade deals with President Donald Trump.Asia's imports of the super-chilled fuel are on track to hit an eight-month high of 2.01 million metric tons in August, according to data compiled by commodity analysts Kpler.But of far more importance is the Kpler estimate that Asia's LNG imports from the United States will surge to 3.61 million tons in October, which would be the second-highest on record behind the 3.75 million from February 2021.

US Deploying Amphibious Squadron to Caribbean

2 days ago

The United States has ordered an amphibious squadron to the southern Caribbean as part of President Donald Trump's effort to address threats from Latin American drug cartels, two sources briefed on the deployment said on Wednesday.The sources, speaking on condition of anonymity, said that the USS San Antonio, USS Iowa Jima and USS Fort Lauderdale could arrive off the coast of Venezuela as early as Sunday. The ships are carrying 4,500 service members, including 2,200 Marines, the sources said.The sources declined to detail the specific mission of the squadron. But they have said that recent deployments are aimed at addressing threats to U.S.

Coast Guard Establishes Robotics Office

2 days ago

The U.S. Coast Guard has set up the initial operating capability of a Robotics and Autonomous Systems Program Executive Office.The office is a key component of the Service's Force Design 2028 (FD 2028) plan, and the Coast Guard claims it is poised to be the most transformational enhancement to capability since the inception of aviation. The office is dedicated to the rapid operationalization of the Unmanned Systems Strategic Plan.Robotics and autonomous systems are anticipated to revolutionize Coast Guard operations, leading to significant impacts to securing the border, facilitating commerce, and responding to contingencies.

US Unveils Schedule for Over 30 Offshore Lease Auctions

2 days ago

U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month, and is aligned with his administration's energy dominance agenda to boost domestic fossil fuel production.The schedule marks a significant departure from former President Joe Biden, whose administration had planned for a historically small number of drilling rights auctions as part of its efforts to address climate change.

Baltimore: Bulk Carrier Afloat After Explosion

3 days ago

The US Coast Guard and local partners are responding to an explosion aboard the 751-foot Liberia-flagged bulk carrier W-Sapphire in Baltimore Harbor.Responders from Coast Guard Sector Maryland - National Capital Region were dispatched to the area to assist. No injuries have been reported, and the cause of the explosion is under investigation.The vessel remains afloat and is being assisted by tug boats.The Coast Guard has established a 2,000-yard safety zone around the incident location, spanning from the Key Bridge to Brewerton Angle Channel LB “14”.Reports state the fire has been extinguished and plans for the vessel are being formulated.At approximately 6:30 p.m.