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The Association of Bermuda International Companies (Abic) has expressed its concern that Bermuda will remain on a European Union grey list until October despite having done what was needed to satisfy the OECD’s Forum for Harmful Tax Practices (FHTP)....

CargoJet, “Canada’s cargo airline“, has apologised for the rash of delays and service interruptions that has left Bermuda importers in the lurch on more than one occasion recently. The company vowed to take steps to replace faulty jets used in its Be...

Bermudian-based Teekay Tankers Ltd, one of the world’s largest owners and operators of mid-sized crude oil tankers, has reported losses for both the fourth-quarter and full fiscal year 2021. The company said its fourth-quarter GAAP net loss was $39.8...

Alaina Cubbon has joined Elementum Bermuda in the position of vice-president, portfolio management on the organisation’s investment team. The alternative investment manager specialising in collateralised natural catastrophe event reinsurance investme...

Nordic American Tankers Limited, the Bermudian-based oil tanker company, has reported a net loss of $21 million in the fourth quarter of 2021. The adjusted EBITDA was $1.9 million. The net loss for the previous quarter was $44.6 million, with an adju...

Aanika Biosciences, an emerging American biotech company using microbial-based technologies to protect the safety and security of our food system, has been accepted into the Bermuda Monetary Authority’s Innovation Hub. The company said the programme ...

Rego Sotheby’s International Realty has announced that the Sotheby’s International Realty global network achieved a record $204 billion in 2021 global sales volume. That was a 36 per cent increase in sales growth year-over-year, as US cities saw a re...

Bacardi, the drinks giant based in Bermuda, has achieved the internationally recognised “Great Place to Work” certification at its 23 production sites across ten countries worldwide. The company’s global operations team of almost 4,000 employees prai...

On the same day that it emerged from a chapter 11 bankruptcy process, Bermudian-based offshore drilling company Seadrill Limited has reported a net profit of $18 million in the second half of 2021. That compares with a $605 million loss in the first ...

Bermudian-based energy outfit Höegh LNG Partners LP has reported net income of $16.2 million in the fourth quarter of 2021. That compares with net income of $18.5 million in the fourth quarter of 2020. The floating liquefied natural gas service provi...