Latest news from Heavy Lift & Project Forwarding International Magazine

AAPA pleased with Trump's infrastructure plan

President Donald Trump has called on Congress to pass his long-awaited national infrastructure rebuilding plan, which proposes allocating USD200 billion for direct federal spending for US infrastructure over the next ten years.

The proposal is intended to spur state and local governments, as well as the private sector, to increase spending on US infrastructure, including road, bridge and port projects.

In response to the plan's release, American Association of Port Authorities (AAPA) president and ceo, Kurt Nagle, said: "We are pleased the White House has made rebuilding American infrastructure a priority this year, and we look forward to working with members of Congress as they craft a final legislative package that includes a commitment to US ports and waterways.

"With freight volume projected to grow 45 percent over the next two decades, our country needs world-class ports and modern infrastructure to remain competitive and ensure that American goods are able to reach vital global markets."

Nagle added that failure to modernise the nation's infrastructure could lead to a USD4 trillion loss of GDP by 2025.

 

 

www.aapa-ports.org 

Heavy Lift | News

US Ex-Im Bank revived thumbnail image

US Ex-Im Bank revived

May 13 - The US Senate confirmed Kimberly Reed as president of the US Export-Import Bank (Ex-Im Bank), along with Spencer Bachus III and Judith DelZoppo Pryor as members of the board of directors.
Views: 2278
ING and EIB to finance Spliethoff scrubbers thumbnail image

ING and EIB to finance Spliethoff scrubbers

March 4 - ING Group and the European Investment Bank (EIB) have signed a EUR110 million (USD124.7 million) loan agreement with Spliethoff to finance the retrofitting of exhaust gas cleaning systems and ballast water management systems.
Views: 2703
Banks reduce shipping exposure thumbnail image

Banks reduce shipping exposure

November 9 - As banks continue to distance themselves from the shipping sector, two of Germany’s prominent lenders - Commerzbank and Nord/LB - have announced further reductions in their shipping portfolios.
Views: 3606
Industry seeks clarity ahead of Sulphur 2020 thumbnail image

Industry seeks clarity ahead of Sulphur 2020

October 3 - A survey conducted by global shipping consultancy Drewry reveals that there is considerable unease among global shippers/beneficial cargo owners (BCO) and freight forwarders ahead of the IMO’s sulphur 2020 emissions regulations.
Views: 3332

Heavy Lift Across The World

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