Development

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: …

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 …

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 …

PortandTerminal.com, June 23, 2020 Conflicts date back to 2012 when a consortium of companies tried to build a huge, 396-megawatt offshore wind farm planned for a narrow spit of land in a lagoon near San Mateo. MEXICO CITY – The municipal government of San Mateo del Mar, in Oaxaca, Mexico, reported Monday that an armed group killed 15 people, including …

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 …

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 …

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 …

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 …

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 …

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 …