Latest news from Heavy Lift & Project Forwarding International Magazine

Ex-Im supports US exporters

The US Export-Import Bank (Ex-Im) has introduced initial relief measures for US exporters and financial institutions to support American companies in the midst of the Covid-19 outbreak.

The measures include waivers, deadline extensions and streamlined processing, designed to allow business owners to focus on the attention on the health of their employees, without the worry of meeting Ex-Im’s deadlines. Introduced on March 12, the measures are in place for an initial 30-day period, with the possibility of further extension at Ex-Im’s discretion. 

 

“We are working tirelessly to ensure our nation has the proper programmes in place to provide US exporters with the financing and other products necessary to export “Made in the USA” goods and services in the future,” said Ex-Im.

 

In February, the bank approved 156 authorisations totalling USD258.5 million in support of American small businesses that export US-made products around the world. This total includes USD179.7 million of short-term authorisations and USD34.8 million of medium-term authorisations.

 

“Given the current challenges related to the Covid-19 global pandemic and importance of supporting global trade and investment, Ex-Im stands ready to help our nation’s businesses and workers, especially America’s small businesses,” said Ex-Im president and chairman Kimberly A. Reed

 

www.exim.gov

Heavy Lift | News

Covid-19 shakes up Sulphur 2020 thumbnail image

Covid-19 shakes up Sulphur 2020

April 3 - The rapid spread of Covid-19 has had a multi-faceted impact on global shipping. HLPFI takes a look at how the outbreak has caused shockwaves in bunker prices and what this means for the implementation of the sulphur 2020 regulations.
Views: 420
Megalift moves for MRT project thumbnail image

Megalift moves for MRT project

April 3 - Megalift has moved a 60-tonne locomotive and a 17-tonne wagon for the Mass Rapid Transit (MRT) railway project in Malaysia.
Views: 318

Heavy Lift Across The World

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