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Borr Drilling Limited, the Bermuda-based oilfield services company, has reported a net loss of $59.9 million for the second quarter of 2021. The company said that was an increase of $5.5 million compared to the first quarter of the year, impacted by ...

The global pandemic has highlighted climate change together with diversity issues such as inequity and social injustice – issues that also are increasingly being considered by executives and directors of the world’s modern banks as an evolving concer...

Bermuda-based Nordic American Tankers Ltd is planning for a brighter future as it weathers difficult present conditions, its boss has said. Herbjorn Hansson, founder, chairman and chief executive officer of the oil tanker company, said: “These are ch...

Bermuda-based Höegh LNG Partners LP has reported net income of $2.6 million for the second quarter of 2021. The floating liquefied natural gas service provider said that compares with net income of $19.7 million for the second quarter of 2020. Operat...

Bermuda-based Nordic American Tankers Ltd has concluded a contract for one of its Suezmax crude oil tankers. The international tanker company said the contract comes just over five weeks after the conclusion of another contract for a Suezmax ship tha...

Bermuda-based Frontline Ltd, the oil tanker shipping company, has reported a net loss of $26.6 million, or 13 cents per basic and diluted share for the second quarter of 2021. The company reported an adjusted net loss of $23.2 million, or 12 cents pe...

Bermuda-based Flex LNG Ltd has purchased 80,000 of the company’s own common stocks. The liquefied natural gas shipping company said the purchases were made between August 17 and 20 on the Oslo Stock Exchange at an average price of 128.07 Norwegian kr...

A former employee of the Accountant General’s department in Bermuda has been appointed chief financial officer of a Toronto-based fintech company. Steve Fray worked as a senior accounting manager in the department from 2008 until 2011. He has joined ...

A wholly-owned subsidiary of Bermuda-headquartered Textainer Group Holdings Ltd has redeemed approximately $208 million in aggregate principal outstanding of senior secured term loans with an average interest rate of 4.30 per cent and an original sch...

Bermuda-based Seadrill Limited, the offshore drilling company involved in Chapter 11 bankruptcy proceedings, has reported a net loss of $605 million for the first half of 2021. That compares with a net loss of $2.915 billion in the second half of 202...