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A bid by Bermudian-based Frontline Ltd to acquire an independent crude oil tanker company less than half its size, is part of consolidation pressure across the sector. And while the non-binding proposal has been rejected by the directors of DHT Holdi...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

Many traditional shipping names will disappear as a result of a shake-up in the container ship industry, brought about by overcapacity, slower global trade and a widened Panama Canal. That is the view of Jens Alers, group director of Bernhard Schulte...

A biopharmaceutical company with cancer treatment drugs in development that has relocated from Switzerland to Bermuda expects its on-island staffing level to eventually be in double-digits. Sellas Life Sciences Group has started the process of assemb...

A Chinese property development and investment company has proposed moving its registration to Bermuda from the British Virgin Islands. Among the reasons why it wants to migrate, it has cited the adverse publicity the BVI has faced following the publi...

An oil rig supply firm’s redomiciling to Bermuda last month coincided with ongoing initiatives to strengthen the island’s attractiveness to shipping companies and boat owners. Nordic American Offshore, which operates a fleet of supply vessels in the ...

In the investment management industry women account for only 20 per cent of the membership, compared with 34 per cent in the legal profession and 50 per cent of accountants. The comparatively low percentage of women in the investment management space...

Centaur Fund Services has opened an office in Bermuda, after being impressed by the island’s welcoming attitude and professional approach to attracting new business. Centaur is headquartered in Dublin, with offices in London and New York. The fund a...

Nordic American Tankers Ltd, the Bermudian-based oil tanker operator, has reported first-quarter earnings of $29.3 million. The company is in the process of acquiring four existing Suezmax tankers to add to its fleet, bringing its total number of tan...

Bermuda is to explore the possibility of investment and business opportunities with Iran, following the lifting of UN sanctions against that country earlier this year. The Middle East country is hosting the Iranian Aviation Symposium between April 25...