CitiCapital Commercial Corporation, div. CitiGroup

CitiCapital Commercial Corporation was a division of Citigroup, a leading global financial services company. CitiCapital specialized in providing commercial financing and leasing solutions to businesses. Its services often included equipment financing, vendor finance, and various asset-based lending solutions. These offerings aimed to help businesses acquire the capital assets they needed to operate and grow.

CitiCapital catered to a wide range of industries, including construction, transportation, healthcare, and manufacturing, among others. By leveraging the vast resources and global reach of Citigroup, CitiCapital was able to offer customized financial solutions designed to meet the specific needs of various sectors.

However, CitiGroup restructured its business units over the years, and CitiCapital Commercial Corporation as it was known may no longer exist in the same form. Parts of its business were sold or integrated into other units within Citigroup, reflecting the evolving focus and strategy of the parent company.

Citigroup itself remains a major player in the financial services industry, offering a comprehensive range of products and services, including consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management.

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

Products

Construction and Term Loan, Bareboat Charter (Lease), Refinance, Repower & Refit Loan, Fleet Mortgage, Revolving Line of Credit and other bank products from CitiGroup

Irving USA

290 East John W Carpenter Freeway
Irving TX 75062
USA

Ships

SEP DESLEY ANNE

Self Elevating Unit | Flag: Commonwealth of Australia | Port: Gladstone, Queensland

Maritime News

Families of Workers Killed in Baltimore Bridge Tragedy Sue Dali Owner, Operator

2 days ago

The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the owner and operator of the cargo ship that struck the bridge.The lawsuits filed in Maryland federal court by the families of Carlos Daniel Hernandez Estrella, Alejandro Hernandez Fuentes, Miguel Angel Luna, Dorlian Ronial Castillo Cabrera, Maynor Yasir Suazo Sandoval and Jose Mynor Lopez seek unspecified damages from the registered owner of the ship, Grace Ocean Pte Ltd, and its manager, Synergy Marine Group, claiming they negligently allowed the ship to depart Baltimore when they knew it was plagued by mechanical issues.

Containership Dali Leaves US for Chinese Repair Yard

2 days ago

The containership Dali has departed U.S. waters en route to a Chinese repair yard nearly six months after the vessel struck Baltimore's Francis Scott Key Bridge, triggering its deadly collapse.The Singapore-registered ship, which had been moved from Baltimore to Norfolk, Va. in June for initial repairs, will undergo more extensive repair work at a yard in Ningbo, China. Dali departed Norfolk on Thursday without cargo and under escort from the U.S. Coast Guard and a trio of tugboats. The damaged vessels' journey to China is expected to take about 6-7 weeks due speed restrictions.The U.S.

Brokers Launch Port Disruption Insurance Amid Shipping Chaos

2 days ago

Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods, including attacks by Yemen's Houthis on commercial shipping as well as the risk of strikes at terminals in the United States."Recent geopolitical turmoil has exposed a clear gap in the standard cover available to ports and other cargo facilities.

Antigua-flagged Vessel Damaged in Russian Attack

2 days ago

A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure, as well as a civilian ship flying the flag of Antigua," Kiper said.The Iskander-M is a ballistic missile which flies at several times the speed of sound and has a stated range of up to 500 km (310 miles).A market source, speaking on condition of anonymity, told Reuters the vessel was carrying metal products.

Crewmember Goes Missing From Canadian Coast Guard Vessel

2 days ago

The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.An "extensive" search involving Canadian Coast Guard vessels, aircraft and vessels from other federal sources was launched but proved unsuccessful. The decision to end the search was made Tuesday afternoon"We are devastated to confirm that one of our own employees has been lost at sea.