Executive Briefings

New Legislation May Lead to Cargo Opportunities for U.S. Vessels

Earlier in the month, Congress and President Obama reauthorized legislation surrounding the Export-Import Bank, ultimately extending its lending authority for another two years and increasing its credit limits.

As the President has implemented a plan to double American exports, this legislation aims to give thousands of American businesses the necessary means to sell more of their services and products overseas. More importantly, the Department of Transportation feels that the Ex-Im Bank legislation will lead to more cargo opportunities for U.S.-flagged ships, as well as better jobs for our merchant mariners.

The Maritime Administration has been in favor of the Ex-Im Bank because the exports that it supports add to the cargo volume for the U.S.-flagged merchant fleet. For example, on June 1st, an American flagged ship left the Port of Milwaukee with cargo bound for international export for the first time since the 1980s.

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Keywords: Legal, Govt. & Regulatory Issues, Global Supply Chain Management, Ocean Transportation, Transportation & Distribution, Third-Party Logistics, Logistics, SC Finance & Revenue Mgmt., Technology, financing American exports, credit for US businesses to export

As the President has implemented a plan to double American exports, this legislation aims to give thousands of American businesses the necessary means to sell more of their services and products overseas. More importantly, the Department of Transportation feels that the Ex-Im Bank legislation will lead to more cargo opportunities for U.S.-flagged ships, as well as better jobs for our merchant mariners.

The Maritime Administration has been in favor of the Ex-Im Bank because the exports that it supports add to the cargo volume for the U.S.-flagged merchant fleet. For example, on June 1st, an American flagged ship left the Port of Milwaukee with cargo bound for international export for the first time since the 1980s.

Read Full Article


Keywords: Legal, Govt. & Regulatory Issues, Global Supply Chain Management, Ocean Transportation, Transportation & Distribution, Third-Party Logistics, Logistics, SC Finance & Revenue Mgmt., Technology, financing American exports, credit for US businesses to export