South Africa said it’s evacuating researchers at a sub-Antarctic Marion Island base after the Iran war delayed fuel deliveries needed for the operations. The “urgent evacuation of the overwintering team” was ordered after the SA Agulhas II, an icebreaking polar-supply ship, got held up in Cape Town for weeks waiting for the fuel, the Department of Forestry, Fisheries and the Environment, said in a...
South Africa said it’s evacuating researchers at a sub-Antarctic Marion Island base after the Iran war delayed fuel deliveries needed for the operations. The “urgent evacuation of the overwintering team” was ordered after the SA Agulhas II, an icebreaking polar-supply ship, got held up in Cape Town for weeks waiting for the fuel, the Department of Forestry, Fisheries and the Environment, said in a statement late Thursday. The station requires polar diesel that doesn’t freeze in extreme cold. South Africa blamed the Iran war for the disruption in an earlier statement . The most industrialized nation on the continent has replaced some of the oil products that it imports from the Middle East with US supplies, but the switch has still resulted in disruptions that reverberate as far as the remote base. The SA Agulhas II departed on Thursday to pick up the team and is expected to arrive on May 18. Marion Island is one of three South African bases located in remote areas. “As we are unsure when these fuel products will be available, we cannot wait any longer at the expense of the wellbeing of our team,” Environment Minister Willie Aucamp said in the statement.
BYD is in talks with Stellantis and other carmakers about buying underused European plants, according to the Chinese carmaker's vice-president.View on euronews
BYD is in talks with Stellantis and other carmakers about buying underused European plants, according to the Chinese carmaker's vice-president.View on euronews
Earnings Call Insights: Sky Harbour Group Corporation (SKYH) Q1 2026 Management View “At the end of the first quarter on a consolidated basis, assets under construction and completed construction reached over $352 million. That is a $75 million increase from a year ago,” said (Chief Financial Officer Francisco Gonzalez), adding that “the pace of investment and new construction at Sky Harbour is ac...
Earnings Call Insights: Sky Harbour Group Corporation (SKYH) Q1 2026 Management View “At the end of the first quarter on a consolidated basis, assets under construction and completed construction reached over $352 million. That is a $75 million increase from a year ago,” said (Chief Financial Officer Francisco Gonzalez), adding that “the pace of investment and new construction at Sky Harbour is accelerating.” “Revenues experienced an increase of 56% year-over-year and 8% sequentially,” said (Chief Financial Officer Gonzalez), while also describing cost pressure tied to growth: “More than half of the increase in OpEx in quarter-over-quarter or quarter sequentially is related to the signing of these new ground leases at the end of the year…more than half of that is noncash accruals.” “We have been focused on creating a fortress of liquidity at Sky Harbour, now with $368 million of available resources,” said (Chief Financial Officer Gonzalez), specifying “$187 million in cash and U.S. treasuries” and that the company has “drawn only $19 million of the JPMorgan facility so far…$181 million left of committed available capacity.” “In the last 12 months, we have re-leased about 119,000 square feet of hangar…The average escalation between one lease and the next is 23%,” said (Chairman & CEO Tal Keinan), also reiterating annual lease mechanics: “The contractual escalators…escalate at CPI with a floor of 4%.” “We allowed that lease to lapse” at Boeing Field in Seattle because “we were not happy enough with the terms of the long-term lease…[and] some macro trends on wealth flight from Washington State,” said (CEO Keinan). Outlook “We expect to finish this year, 2026, with an annualized run rate of revenues between $42 million and $46 million,” said (Chief Financial Officer Gonzalez), calling it “up from $35 million annualized run rate this quarter,” and attributing the change to “the incremental revenues of the Phase 2 at Opa Locka that opened this week and the increased occup...
Earnings Call Insights: Applied Materials (AMAT) Q2 fiscal 2026 Management View "In our second fiscal quarter, Applied Materials delivered record revenue and earnings, along with our highest gross margin in more than 25 years." (President, CEO & Executive Director Gary Dickerson) "As customers find new ways to reallocate or create space, we are seeing incremental requests for equipment deliveries ...
Earnings Call Insights: Applied Materials (AMAT) Q2 fiscal 2026 Management View "In our second fiscal quarter, Applied Materials delivered record revenue and earnings, along with our highest gross margin in more than 25 years." (President, CEO & Executive Director Gary Dickerson) "As customers find new ways to reallocate or create space, we are seeing incremental requests for equipment deliveries in 2026, and we now expect our semiconductor equipment business will grow more than 30% this calendar year." (President, CEO & Executive Director Gary Dickerson) "We expect to grow our packaging revenues more than 50% in calendar 2026" and "we recently announced our intent to acquire NEXX to further strengthen Applied's portfolio of panel-level technologies." (President, CEO & Executive Director Gary Dickerson) "Earlier this week, we announced our EPIC co-development engagement with TSMC, who joined as a founding partner together with Micron, Samsung and SK Hynix." (President, CEO & Executive Director Gary Dickerson) "We generated record revenue of $7.91 billion" and "delivered record non-GAAP earnings per share of $2.86." (Senior VP, CFO & leads Global Information Services Brice Hill) Outlook "We expect company revenue of $8.95 billion, plus or minus $500 million" and "we expect non-GAAP EPS of $3.36 plus or minus $0.20." (Senior VP, CFO Hill) "Within this outlook, we expect Semiconductor Systems revenue of around $6.9 billion, AGS revenue of about $1.75 billion and other revenue of around $300 million." (Senior VP, CFO Hill) "We expect non-GAAP gross margin to increase modestly to approximately 50.1%" and "we expect non-GAAP operating expenses of around $1.485 billion." (Senior VP, CFO Hill) Compared with the prior quarter’s framing, management raised its 2026 growth view in explicit terms: "we now expect our semiconductor equipment business will grow more than 30% this calendar year" (President, CEO & Executive Director Dickerson) versus Q1: "we expect to grow our semico...
The United Arab Emirates is building a new pipeline bypassing the Strait of Hormuz and plans to have it in operation by 2027. Abu Dhabi National Oil Co. will double its oil export capacity through the port of Fujairah once it completes the project, helping meet global demand, according to a statement from the emirate’s media office posted on X. Read: UAE Port Ramps Up Hormuz-Dodging Oil Flows Afte...
The United Arab Emirates is building a new pipeline bypassing the Strait of Hormuz and plans to have it in operation by 2027. Abu Dhabi National Oil Co. will double its oil export capacity through the port of Fujairah once it completes the project, helping meet global demand, according to a statement from the emirate’s media office posted on X. Read: UAE Port Ramps Up Hormuz-Dodging Oil Flows After Iranian Strikes