Latest news from Heavy Lift & Project Forwarding International Magazine

Ex-Im approves USD5 bn loan

The US Export-Import Bank (Ex-Im) has authorised a USD5 billion loan to finance US exports to the Mozambique LNG project.

Photo credit: Anadarko
The bank’s board of directors voted unanimously to authorise the direct loan, which will be used to support the export of US goods and services used in the development and construction of the integrated LNG project on the Afungi peninsula.

Ex-Im president and chairman, Kimberly A. Reed, said: “Ex-Im’s support of the Mozambique LNG project will directly support President Trump’s Prosper Africa Initiative to increase America’s trade with Africa. This transaction will enable many US companies in numerous states to participate in this significant project and also support thousands of American jobs.”

The Mozambique LNG project will begin to develop the Rovuma Basin, one of the world’s largest untapped reserves of natural gas. Ex-Im financing will support US exports to the Area 1 concession of the Mozambique LNG project, which covers approximately 10,000 sq km and is anticipated to supply up to 64 trillion cu ft of gas.

www.exim.gov

Heavy Lift | News

Zuchowski joins Pintsch Bubenzer thumbnail image

Zuchowski joins Pintsch Bubenzer

February 24 - Pintsch Bubenzer USA has named Mike Zuchowski regional sales manager for ports in the western region of the USA and Canada.
Views: 257
West P&I to acquire NMI stake thumbnail image

West P&I to acquire NMI stake

February 24 - West of England P&I Club has signed an agreement to acquire a significant stake in Nordic Marine Insurance (NMI).
Views: 310
Buckner boosts training programme thumbnail image

Buckner boosts training programme

February 24 - Buckner Heavylift Cranes has added ITI Online's library of courses to supplement its monthly safety training curriculum.
Views: 501

Heavy Lift Across The World

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