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Tuesday, July 7th, 2020
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Development

Islamic insurgents threaten massive $23 billion LNG terminal project in Africa

Islamic insurgents. Guns. Flag

BLOOMBERG, JUNE 5, 2020 LNG projects in Mozambique face militants, coronavirus risks | French oil company Total is expected to finalize almost $16 billion of financing By Borges Nhamire and Matthew Hill for Bloomberg – Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: …

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Lamborghini is now launching a $3.4 million dollar yacht

Bow view of luxury yacht

PortandTerminal.com, July 5, 2020 ROME – Lamborghini announced on Tuesday that it has designed a luxury speedboat called the “Tecnomar for Lamborghini 63.” The “63” in its name references 1963, the year Lamborghini was established. Lamborghini will work with boatbuilder Italian Sea Group to create just 63 of the hypercar-lookalike yachts, which are inspired by the Sián FKP 37 hybrid car. The Lamborghini yacht …

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New VIDEO: China’s Three Gorges Dam, largest in world, in danger of collapse

Three Gorges Dam. Rushing Water. Photographer

PortandTerminal.com, June 29, 2020 BEIJING – Weeks of heavy rain have put the Three Gorges Dam, the largest hydropower project in the world, in danger of collapse putting 400 million people at risk. The flooding has been described as the worst since 1949 with natural disasters being declared in 24 provinces and municipalities in the southwest and central China, especially in …

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SpaceX Sends Astronauts to Space Station! US back in the manned space race

The SpaceX Falcon 9 rocket launches into space with NASA astronauts Bob Behnken and Doug Hurley aboard the rocket from the Kennedy Space Center on Cape Canaveral, Florida, on May 30. Photographer: Saul Martinez/Getty Images North America

BLOOMBERG, MAY 30, 2020 Mission opens new era in human spaceflight by private sector | NASA’s Behnken, Hurley on track to arrive Sunday at 10:30 a.m. By Dana Hull and Julie Johnsson for Bloomberg – Two American astronauts are cruising to the International Space Station aboard a SpaceX capsule, forging a new landmark for NASA and visionary billionaire Elon Musk. The Dragon capsule …

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COVID19 pandemic that’s killing thousands? PERFECT timing to get an oil pipeline built – Alberta Minister

A woman who is ugly on the inside standing in front of a blue painting

PortandTerminal.com, May 26, 2020 In a breathtaking display of cynicism, a top Canadian official in Alberta has said that now is a “great time” to build a pipeline because coronavirus-related restrictions ban large public protests. CALGARY, ALBERTA – Alberta’s energy minister Sonya Savage says that now is a good time to build a pipeline because COVID19 public-health restrictions limit protests …

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Port of Long Beach bags $500M loan for bridge replacement project

Bridge workers. Ocean. Containers

PortandTerminal.com, May 6, 2020 LONG BEACH, CA – The City of Long Beach, Calif., acting through its Board of Harbor Commissioners, has secured a $500 million Department of Transportation (DOT) loan for construction of the Gerald Desmond Bridge Replacement Project. Transportation Secretary Elaine L. Chao said the DOT’s Build America Bureau would provide the funds under the Transportation Infrastructure Finance …

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Does God hate Exxon too? Church urges shareholders to fire entire board

ExxonMobil sign outside of a refinery

PortandTerminal.com, April 25, 2020 The Church of England’s investment arm has urged shareholders in ExxonMobil to vote against re-electing the oil company’s entire board for failing to take action on the climate crisis. NEW YORK – Two major investment funds have written an open letter to ExxonMobil shareholders urging them to vote against re-electing the oil company’s entire board for failing to …

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Crumbling Infrastructure: Another bridge collapses in Italy

Collapsed bridge over a river

PortandTerminal.com, April 8, 2020 FLORENCE, ITALY – As if Italy doesn’t have enough trouble right now keeping badly needed supplies moving through the country. A bridge on a normally busy provincial road in northern Italy collapsed on Wednesday and one truck driver was injured, a spokesman for the fire brigade said. Fortunately, thanks to the national lockdown due to coronavirus …

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Supply Chain: Ford, GE to produce 50,000 ventilators in 100 days

Ford outdoor sign

REUTERS, March 31, 2020 DETROIT (Reuters) – Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can then build 30,000 per month as needed to treat patients afflicted with the coronavirus. Ford said the simplified ventilator design, which is licensed …

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