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McPhy Energy: FY 2018 revenue of €8 million

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 Press release McPhy: FY 2018 revenue of €8 million Confirmation of a 21% decline in FY 2018 revenue compared to FY 2017 due to delays affecting several orders FY 2018 operating performance expected to show the impact of this top-line contraction High rate of growth maintained in Europe, with revenue up 23% compared to FY 2017 Read More

Turkey ship strait delays stalling dozens of oil tankers

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By Firat Kayakiran and Sherry Su on 1/22/2019 LONDON (Bloomberg) — Oil tankers exporting Kazakh and Russian crude from ports in the Black Sea are contending with spiraling delays when navigating Turkey’s key shipping straits, stalling the delivery of millions of bbl of supplies to refineries on the Mediterranean Sea and beyond.  The lengthening queues Read More

Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California

7 hours ago DieselGasoil Comments Off on Top Ships Inc. Announces Completion of Senior Secured Post-Delivery Financing for M/T Eco California
ATHENS, Greece, Jan. 22, 2019 (GLOBE NEWSWIRE) — TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced today that it has concluded Financing Agreements of up to $45.8 million for M/T Eco California, currently under Read More

Gold Resource Corporation Achieves 2018 Annual Gold and Silver Production Targets

19 hours ago DieselGasoil Comments Off on Gold Resource Corporation Achieves 2018 Annual Gold and Silver Production Targets
COLORADO SPRINGS, Jan. 21, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced preliminary 2018 year-end and fourth quarter mill production results.  The Company produced approximately 26,838 gold ounces and 1,672,034 silver ounces for the 2018 year, which met its annual gold and silver production target ranges.  Read More

SMBC urges jetmakers to erase production snags before raising output

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PARIS (Reuters) – The head of one of the world’s largest aircraft leasing companies has told leading planemakers to “get their house in order” and wipe out manufacturing delays before pushing already record production rates to even higher levels. FILE PHOTO: General view in a new A320 production line at the Airbus plant in Hamburg, Read More

High Speed Transfers, Damen have agreed to third FCS 2710 vessel

1 day ago DieselGasoil Comments Off on High Speed Transfers, Damen have agreed to third FCS 2710 vessel
1/21/2019 Photo: Tom Nevin (left), managing director, High Speed Transfers and Arjen van Elk (right), sales manager, Damen Shipyards Group. GORINCHEM, The Netherlands — Damen and High Speed Transfers Ltd (HST) have signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year. The FCS 2710 is the Read More

International worries as China's consumption and economy slows

2 days ago DieselGasoil Comments Off on International worries as China's consumption and economy slows
Picture China’s economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw). Xu is 21 years old and a “kuaidi” (express delivery) driver. Each Read More

Ex-president turns pizza delivery man amid US shutdown

3 days ago DieselGasoil Comments Off on Ex-president turns pizza delivery man amid US shutdown
Former US president George W Bush tried his hand at delivering pizza to treat unpaid Secret Service staff amid the ongoing government shutdown. The Republican posted a picture of himself on social media bringing a stack of pizzas to his security detail, who have not received a paycheck since the partial government shutdown began last Read More

Lords of war: US weapons factories dominate global arms trade

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The latest report by Stockholm International Peace Research Institute (SIPRI) revealed that sales of arms and military services by global majors totaled $398.2 billion in 2017, marking a 44 percent growth over the past 15 years. “The overall number excludes Chinese data due to the lack of available information to allow for a reasonable or Read More

Oil hits 2-month high as China truce signals brighter outlook

4 days ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More