First Citizens Bank Set To Finance MSea Capital

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Credits: Dmitry Demidko/Unsplash

First Citizens Bank has announced that its Maritime Finance business arranged up to $30M for affiliates of MSea Capital to refinance MR product tankers.

Refinancing Product Tankers

MSea Capital founded in 2012 is an international maritime investment and asset manager with expertise in tanker and commodity shipping. “We were pleased to leverage our experience on behalf of MSea, which is well recognized throughout the industry for their success in ship operation and management,” said Evan Cohen, managing director and group head of Maritime Finance at First Citizens Bank.

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Source: Seekingalpha