Posted:
March 28, 2013
With a $152 million Export-Import Bank loan, Gamesa - a Spanish company with North American headquarters in Pennsylvania - manufactures wind turbine blades, assembles the finished turbines in the U.S. and exports "these complex assemblies to Uruguay and Mexico," Secretary of Transportation Ray LaHood wrote.
"The turbines will be shipped by Intermarine's M/V Ocean Freedom, a specialized U.S.-flag heavy-lift vessel operating between the Ports of Philadelphia and Houston," according to the blog. "These shipments support 36 steady jobs for skilled American mariners." The M/V Ocean Freedom is operated for Intermarine by Crowley Liner Services and is manned in all licensed positions by American Maritime Officers.
The Export-Import Bank was reauthorized last year through the end of fiscal year 2014. Under U.S. cargo preference laws, exported cargoes financed through the Export-Import Bank and transported over water are reserved for U.S.-flagged merchant ships. The Export-Import Bank reauthorization with the U.S.-flag cargo preference requirement intact was approved by wide margins in both houses of Congress and signed by the President May 30, 2012.
The Fast Lane blog post can be read on the DOT website.
M/V Ocean Freedom, Export-Import Bank cargo service featured in Fast Lane blog
Photo: Department of Transportation
The heavy-lift ship M/V Ocean Freedom was featured in the Department of Transportation's Fast Lane blog as part of a March 20 posting covering, among other things, shipment of cargoes financed with the assistance of the U.S. Export-Import Bank.With a $152 million Export-Import Bank loan, Gamesa - a Spanish company with North American headquarters in Pennsylvania - manufactures wind turbine blades, assembles the finished turbines in the U.S. and exports "these complex assemblies to Uruguay and Mexico," Secretary of Transportation Ray LaHood wrote.
"The turbines will be shipped by Intermarine's M/V Ocean Freedom, a specialized U.S.-flag heavy-lift vessel operating between the Ports of Philadelphia and Houston," according to the blog. "These shipments support 36 steady jobs for skilled American mariners." The M/V Ocean Freedom is operated for Intermarine by Crowley Liner Services and is manned in all licensed positions by American Maritime Officers.
The Export-Import Bank was reauthorized last year through the end of fiscal year 2014. Under U.S. cargo preference laws, exported cargoes financed through the Export-Import Bank and transported over water are reserved for U.S.-flagged merchant ships. The Export-Import Bank reauthorization with the U.S.-flag cargo preference requirement intact was approved by wide margins in both houses of Congress and signed by the President May 30, 2012.
The Fast Lane blog post can be read on the DOT website.