Latest news from Heavy Lift & Project Forwarding International Magazine

Coalition pushes for further Ex-Im bank action

October 3 - Despite the fact that reauthorisation of the US Export Import Bank (Ex-Im) finally passed both houses of Congress with strong majorities last year, the ability of the American credit finance agency to regain full operational efficiency remains

Now a wide-ranging coalition of business and industry trade groups and coalitions are pressing for language that would enable Ex-Im to do its job. They pressed their case during the Breakbulk Americas exhibition and conference held last week in Houston, Texas.

The groups have set up a website - www.exportersforexim.org - where supporters can quickly send a message to their local Congressional representatives urging their support. 

Proponents explained that at present, the vote of three Ex-Im board directors is needed to approve any loan guarantee above USD10 million. Many projects exceed this threshold but the bank's board at present has only two directors.  

President Obama named a Republican-designated nominee to fill a vacancy, but Republican opponents have refused to hold hearings on the nomination, maintaining the stalemate.

Proponents hope to get language added to an omnibus budget bill that would designate the vote of two board members as sufficient, but urge supporters to put the pressure on their representatives to get the language included and remove the roadblock.

HLPFI reported in December 2015 that the Ex-Im bank had been reauthorised, but in April project logistics provider UTC Overseas suggested that the struggles were not yet over for the bank.

www.exportersforexim.org

www.exim.gov

Heavy Lift | News

Crowley shakes up marine services organisation thumbnail image

Crowley shakes up marine services organisation

January 21 - Crowley Maritime Corporation has reorganised its marine services organisation into three business segments: offshore services, ship assist and tanker escort, and engineering services.
Views: 159
SAAM acquires shares in Intertug  thumbnail image

SAAM acquires shares in Intertug 

January 21 - Sociedad Matriz SAAM has acquired a 70 percent stake in Intertug, a towage operator in Colombia, Mexico and Central America. 
Views: 171

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.