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

Germany: Heinrich Rönner and Lürssen Place Their Bids for FSG and Nobiskrug Shipyards

2 hours ago

The future of the two insolvent German shipyards, Flensburger Schiffbau-Gesellschaft (FSG) and Nobiskrug, looks brighter as Lürssen Group moves to place a formal bid to take over the facilities of the Nobiskrug shipyard, while Heinrich Rönner Group agrees to buy the FSG.The insolvency administrators, Christoph Morgen of Brinkmann & Partner and Hendrik Gittermann of REIMER, said they would accept the offers in the week following the official opening of insolvency proceedings.Lürssen, based in Bremen, plans to integrate Nobiskrug into its Lürssen-Kröger shipyard operations in Rendsburg, while Rönner, from Bremerhaven

The Technology Pathways that Lead to Fuel Cells

14 hours ago

In an article by Rhonda Moniz published this week on MarineLink, Siemens sales executive Ed Schwarz noted the flexibility provided by an electric distribution “backbone” that enables ferry operators to add more batteries, switch to new fuels or become 100% emission free with fuel cells.A string of deliveries reported this week demonstrate that steps are being taken along this pathway for a range of vessels:The hull of Lithuania’s first green hydrogen and electricity-powered ship was launched by the Klaipėda State Seaport Authority. The tanker will accept waste from vessels entering the port when it enters operation later this year.

Court Overturns Approval for Two Massive UK North Sea O&G Fields

yesterday

A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session in Edinburgh found that the government had unlawfully granted approval for Shell's Jackdaw gas field and Equinor's Rosebank oil and gas field by failing to consider the emissions generated when the extracted fuels are burned—known as downstream emissions. The ruling follows legal challenges from Greenpeace and Uplift, which argued the approval process did not align with climate obligations.

MOL Takes Delivery of Environmentally Friendly Multi-Purpose Vessel (Video)

yesterday

The multi-purpose vessel Prima Verde, said to be the world’s first vessel able to run on marine gas oil (MGO) and wind assisted propulsion simultaneously, has been delivered.Operated by Mitsui O.S.K. Lines (MOL) company MOL Drybulk and owned by Daishin Shipping, the vessel), was delivered at Onomichi Dockyard.The vessel has a range of environmentally friendly features, and is the world's first vessel of any type to use green steel materials, an engine that can run exclusively on marine gas oil (MGO) and a wind assisted vessel propulsion system.JGreeX, a green steel material supplied by JFE Steel Corporation that significantly reduces CO2 emissions, has been used for the vessel's hull.

Canadian Shipwreck Hunters Unleash New Tech

2 days ago

Unlocking new levels of multibeam performance with Norwegian Subsea MRUMotion Reference Units (MRUs) are crucial in bathymetric survey technology, providing precise motion compensation data to ensure reliable and accurate seafloor mapping. For users like Captain Sid Hynes, a seasoned mariner exploring Newfoundland’s shipwreck-rich waters, the Norwegian Subsea MRU has redefined what is possible, delivering exceptional performance even in incredibly challenging conditions.The ChallengeAlong with his son, Matthew, Sid Hynes has dedicated countless hours to mapping shipwrecks using multibeam echosounders in the unpredictable environment of the Grand Banks.