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

As Subsea Comms Cable Security Comes to the Fore, FCC Mulls New Rules

12 hours ago

The Federal Communications Commission voted 5-0 to propose new rules governing undersea internet cables in the face of growing security concerns in the wake of two fiber-optic undersea telecommunication cables being severed in the Baltic Sea this week, which is suspected to be sabotage.The FCC eyes new rules to address the national security concerns over the global network of more than 400 subsea cables that handle more than 98% of international internet traffic."With the expansion of data centers, rise of cloud computing, and increasing bandwidth demands of new large language models, these facilities are poised to grow even more critical," FCC Chair Jessica Rosenworcel said.

Greener Fuels, Cleaner Fuels?

yesterday

This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine problems caused by off-spec or incompatible fuels as producers grappled with the requirement for providing a sulfur content not exceeding 0.05%. As pointed out in Lloyd’s Register’s 2024 Fuel Quality Report, persistent issues involving cat fines, stability, sulfur content and flash point continue, and isolated incidents of chemical contamination are still occurring.If new, alternative fuels such as methanol cause problems onboard, they are likely to be expensive: the fuels themselves are more expensive than fossil fuels and greater volumes are required.

Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders

2 days ago

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion.Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly

Misunderstanding General Average Concepts Could Harm Offshore Operators

2 days ago

At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.Michiel Starmans, a Fellow of the AAA and Director Legal Department of the Spliethoff Group and Alf Inge Johannessen, an Associate of the AAA and Senior Claims Manager at DOF

Australia and India Talk Maritime, Renewables at G20

3 days ago

Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation, Albanese said in a meeting with India's Prime Minister Narendra Modi in Rio de Janeiro on Tuesday.The two countries, along with the United States and Japan, are members of the Quad, which has sought to balance China's rising military and economic clout in the Indo Pacific region.