Latest news from Heavy Lift & Project Forwarding International Magazine

Ex-Im amends its Mozambique LNG loan

The US Export-Import Bank (Ex-Im) has amended the scope of its financing for the Mozambique LNG project on the Afungi Peninsula to include support for the project’s offshore production.

During September 2019, Ex-Im authorised a USD5 billion loan to support US exports for the development and construction of the onshore portion of project, as HLPFI reported here.

The size of the loan has since been amended and will now amount to approximately USD4.7 billion. The new scope of the financing will see USD1.8 billion of this sum used to support the project’s offshore production.

The number of US suppliers has also increased from 37 to 68.

Ex-Im president and chairman, Kimberly A. Reed, said: “Ex-Im’s financing for the Mozambique LNG project continues to strongly support President Trump’s Prosper Africa Initiative to unlock opportunities for US businesses in Africa. The amendment approved today expands the scope of US involvement in the project to support even more American jobs—16,700 US jobs—across additional states.”

Heavy Lift | News

Urgent action needed on keyworker designation thumbnail image

Urgent action needed on keyworker designation

May 29 - The heads of the maritime, labour and aviation organisations of the United Nations have issued a plea for urgent action on crew changes and for keyworker designation.
Views: 437
BIFA repeats its call for Brexit extension thumbnail image

BIFA repeats its call for Brexit extension

May 28 - A recent survey of members of the British International Freight Association (BIFA) has revealed that the majority of freight forwarders believe an extension to the Brexit transition period is desirable.
Views: 639
PCN boosts virtual offering thumbnail image

PCN boosts virtual offering

May 22 - The Project Cargo Network (PCN) is developing an online one-to-one meeting app and is encouraging its members to take part in a virtual meeting week in August.
Views: 1045

Heavy Lift Across The World

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