CIT signs $32 million credit facility with Norstar Tankers

In:

Transport

Region:

Americas, Asia-Pacific, Europe

Jonathan Bell

Editor-in-chief

CIT Group, a leading transportation finance company, has today announced that CIT Maritime Finance has arranged a $32 million senior secured credit facility to Norstar Tankers. The funds will be used by Norstar to acquire two long range (LR1) product tankers.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Wasting your breadth? Glencore reports disappointing half-year returns

Perspective

22 August 2025

Wasting your breadth? Glencore reports disappointing...

The release of Glencore’s half-year financial results disappointed its shareholders. Profits are down across its legendary energy trading arm, even while its metals business...

Gambelli looks to DFI collaboration at Maire Met Development

Interview

29 August 2025

Gambelli looks to DFI collaboration at Maire Met Development

Irene Gambelli, subsidised financing manager at Maire Met Development, discusses her new role, and her work in liaising with MDBs and DFIs alongside ECAs to initiate, promote...

Must See

20 Minutes With: Preslav Raykov, Eleen Marine

Video

08 August 2025

20 Minutes With: Preslav Raykov, Eleen Marine

TXF spoke with Preslav Raykov, global head of trading at Eleen Marine about the importance of risk controls in the present geopolitical environment as well as strategies for aligning stakeholders across commodity supply chains.

Perspective

22 August 2025

Wasting your breadth? Glencore reports disappointing half-year returns

The release of Glencore’s half-year financial results disappointed its shareholders. Profits are down across its legendary energy trading arm, even while its metals business records strong revenues. However, its unparalleled access to cheap liquidity should see it through another period of stagnant commodity prices.

Interview

29 August 2025

Gambelli looks to DFI collaboration at Maire Met Development

Irene Gambelli, subsidised financing manager at Maire Met Development, discusses her new role, and her work in liaising with MDBs and DFIs alongside ECAs to initiate, promote and co-develop sustainable projects.