Asset Based Lending Blog/News

Migrant Crisis Impacts International Shipping

September 10, 2015 | Shipping

Sadie Keljikian, Express Trade Capital The recent rise in unsafe transport of refugees from Syria and North Africa to Europe has begun to have a ripple effect in the international shipping industry. According to Philip Tinsley, maritime security manager at Baltic and International Maritime Council, there has been a sharp uptick in the number of accidents […]

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Update on ACE PGA Pilot Rollout Plan

August 28, 2015 | Government, Uncategorized

The first phase of the Partner Government Agency (PGA) Pilots in the Automated Commercial Environment (ACE) was initiated last week. The Food and Drug Administration (FDA) and the National Highway Traffic Safety Administration (NHTSA) are two of the fourteen agencies participating in the pilots. The second phase of the PGA Pilots is scheduled to begin […]

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Warehouse Explosion in Port of Tianjin Results in Shipping Disruptions

August 13, 2015 | Cargo, Shipping

  A warehouse containing hazardous chemicals in the Port of Tianjin, China exploded causing significant disruptions to onshore operations. Shipping traffic carrying hazardous products into the port has been halted and operations at two container terminals have been suspended. Port operations, however, are normal for Northern China’s largest port and main maritime gateway to Beijing. We […]

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Key Trade Bills & Programs Enacted

June 30, 2015 | Government

Esther Shmunis, Express Trade Capital Trade Preferences Extension Act Signed Yesterday, the President signed the Trade Preferences Extension Act of 2015 into law. The Act grants the President the broad power to submit trade deals to Congress for an up-or-down vote, free from Congressional amendments. Proponents of the Act maintain that it will provide assistance […]

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June 12, 2015 | Government

Esther Shmunis, Express Trade Capital In response to the recent West Coast port work stoppages that have strained the U.S. economy, enraged the nations’ embattled retailers and impacted millions of American jobs, the federal government has begun deliberations on whether to amend the Taft-Hartley Act to provide local state authorities the power to adjudicate port […]

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Drayage drivers picket LA, Long Beach marine terminals

April 27, 2015 | Cargo

Source: Jon Slangerup, executive director of the Port of Long Beach, said the drivers’ pickets are informational in nature and are not affecting cargo-handling. “Let’s be clear, this is not a strike. We do not expect there will be any adverse impact to port terminals,” he said. Longshoremen are moving cargo, and trucks continue […]

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The Future of Lending

April 23, 2015 | Lending

In 2014, the former chairman of the Federal Reserve, Ben Bernake – the man who was once responsible for setting the United States’ interest rate policy – was summarily rejected by his bank when he tried to refinance his mortgage. The reason: he just changed jobs, which, according to an anachronistic credit metrics, indicated an […]

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Government Updates

April 21, 2015 | Government

Speculation and Talks in the Trade Market Remain High in Regards to TPA, GSP, and AGOA With little movement on trade from Congress, several lobbyists are commenting on the likelihood of The Senate Finance Committee marking up a Generalized System of Preferences (GSP) renewal bill and Customs Reauthorization right alongside Trade Promotion Authority (TPA) sometime […]

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