First Citizens Bank Provides $26 Million in Financing to Euroseas Ltd.

First Citizens Bank today announced that its Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet. Euroseas (NASDAQ: ESEA) was formed in 2005 and owns and operates carrier vessels and provides seaborne transportation for containerized cargoes. …

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U.S. approves HMM’s Premier Alliance, enhancing global shipping routes

The new shipping alliance “Premier Alliance,” which includes Korea’s largest shipping company HMM, will officially launch this month. HMM plans to focus on developing new routes and deploying eco-friendly vessels in collaboration with the partner shipping companies. On the 11th, the U.S. Federal Maritime Commission (FMC) announced that the Premier Alliance agreement went into effect …

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