CIT Maritime Finance Steps Into Leasing Market

CIT Maritime Finance has entered into a Cooperation Agreement with RS Platou Finans AS that will help them expand into the leasing market.

CIT Maritime Finance offers senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels including tankers, bulkers, container ships, car carriers, as well as offshore vessels and drilling rigs.

“Through this agreement CIT Maritime Finance will have access to the RS Platou Group network of services, which will help us to further build a high quality portfolio of maritime assets,” said C. Jeffrey Knittel, President, CIT Transportation Finance.

RS Platou Finans AS was established 2004 as part of the RS Platou Group. It focuses on lease financing in the shipping and offshore industry and has structured more than 200 sale-leaseback vessels with transactions totaling approximately $4 billion (USD). It currently manages approximately 80 vessels running on various bareboat contracts