Daily News: October 17, 2013

CIT Maritime, RS Platou Finans Enter Cooperation Agreement

CIT Maritime Finance said it has entered into a cooperation agreement with RS Platou Finans AS that will help CIT Maritime Finance expand into the leasing market.

“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.

Svein Engh, group head and managing director of CIT Maritime Finance, said, “We see great growth potential in the shipping finance business and are very pleased to enter into this relationship with RS Platou Finans. Their deep industry expertise will be an asset to CIT Maritime Finance as we continue to build our portfolio.”

Peter Anker, CEO of RS Platou ASA, said, “As a world leading brokerage house in shipping and offshore, this cooperation agreement with CIT Maritime Finance will further increase the range of services that we are able to offer our clients.”

Chris W. Svensson and Axel M. Aas, co-founders of RS Platou Finans AS, said, “In the present banking world it has become even more important to find alternative financing. We are very pleased to develop this relationship with CIT and learn from their long-term experience of leasing assets to the aerospace and rail sectors.”