Congress can stop the cannabis banking conundrum now, CUNA President/CEO Jim Nussle and American Bankers Association President/CEO Rob Nichols wrote in Fox Business Thursday. A credit union witness is scheduled to testify on CUNA’s behalf before the Senate Banking Committee on the need for legal cannabis business to access financial services, and Nussle and Nichols outline why this is necessary in the op-ed.The two cite the CUNA-supported Secure and Fair Enforcement (SAFE) Banking Act as an example of legislation that would “improve safety and support small businesses across America.” The bill would protect financial institutions that serve legal cannabis businesses and provide legal clarity.“Credit unions and banks play a crucial role in keeping Main Street running safely and prosperously. They extend credit to help businesses grow, move cash off the street and into traceable, secure accounts, and are the front line against money laundering and other suspicious activity, flagging for law enforcement bad actors trying to hide their ill-gotten gains,” Nussle and Nichols, wrote. “By passing the SAFE Banking Act, Congress will allow these vital institutions to continue helping main streets from Maine to Hawaii grow and thrive.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Belgian National Railways is to purchase a fleet of 80 two-car diesel multiple-units for its non-electrified secondary routes. SNCB’s Board of Directors decided on June 27 to award the contract to GEC Alsthom Transporte of Spain, following a Europe-wide bidding process which started in January 1996.To be delivered in 1999-2002, the 49·6m long units are priced at BFr69m; each will seat 12 first class and 138 second class passengers. One powered bogie at the inner end of each car will be powered by an underfloor-mounted Cummins KTA19R4 engine, rated at 485 kW at 2100 rev/min, driving through a Voith T311r hydraulic transmission. Maximum speed will be 120 km/h and tare weight 75·8 tonnes.Able to run in multiples of up to four, the units will operate seven routes: Antwerpen – Herentals – Neerpelt/Hasselt; Aalst – Burst; Gent – Eeklo;Gent – Oudenaarde – Ronse; Gent – Zottegem – Geraardsbergen; Charleroi – Mariembourg – Couvin; and Dinant – Bertrix – Libramont/Virton.At the same time, SNCB ordered 90 B-B diesel-hydraulic locos from Siemens for BFr5·4bn to replace the bulk of its shunting fleet. Derived from Siemens’ standard G1200 type, the locos will be powered by an ABC D6DZC diesel engine of 1150 kW driving through a Voith L4r4zseU2A transmission; top speed will be 100 km/h. Around half of the order value will be spent in Belgium, including the assembly of some locos by Bombardier Eurorail in Brugge. The rest will be built at Kiel.The SNCB Board has also shortlisted four firms to supply 340 double-deck coaches designated M6; final bids are due this autumn. The four are Bombardier Eurorail, Breda-Firema, GEC Alsthom and Siemens. o
UK ROV services company Film-Ocean has expanded its ROV fleet with the addition of a further Quasar 150HP Workclass ROV. Posted: about 1 month ago Technology The systems support an electrical interconnection cable installation project. The Quasar ROV comes fitted with the latest technologies used for a broad range of operations. The company has seen four ROV systems added to the fleet over the past 12 months. It is an all-rounder and also the backbone of Film-Ocean’s ROV fleet. Scott Jenney, Film-Ocean CEO, stated: Film-Ocean’s Quasar systems are both currently deployed in the North Sea and the Aegean Sea. Categories: “The additional Quasar ROV system is the latest in a series of planned developments within the business and an excellent addition to the fleet. It also has an overall weight reduction and its built-in foldable knuckle boom crane allows for operations where height restrictions may present a challenge. “We continue to see a high level of enquiries for this type of ROV system and this investment allows us to provide the additional capacity that our customers require.” The 3000-metre medium-sized Quasar ROV can carry out surveying, IRM, drill support and construction tasks. Film-Ocean also recently invested in the design and manufacture of its latest compact ROV launch and recovery system (LARS). Film-Ocean invests in new ROV LARS Its LARS system has a smaller footprint than the more traditional A-frame systems. Posted: about 1 month ago The compact LARS solution is both flexible and adaptable to accommodate and launch Film-Ocean’s Tiger, Cougar and Panther ROV systems.