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Bermuda-based Teekay Corporation has contracted with the Australian Department of Defence to provide marine services for five government vessels for a firm period of six years, with options to extend for up to an additional 10 years. Under the contra...

Hongkong Land Holdings Limited will seek to buy back half a billion dollars of its own shares, according to a filing with the Bermuda Stock Exchange. The window for the proposed buyback programme is expected to extend until the end of December. Hongk...

Borr Drilling Limited, the Bermuda-based oilfield services company, has secured a letter of award for the premium jack-up drilling rig "Mist" from an undisclosed operator in Southeast Asia. The company said the programme is expected to commence in No...

Global financial services provider Apex Group Ltd. has expanded its relationship with Pan-African Venture Capital fund Launch Africa Ventures, addressing the significant funding gap in the Seed and pre-Series A investment landscape in Africa. Launch ...

Bittrex Global GmbH, the digital asset exchange, has appointed Michael Schröder as chief compliance and risk officer and a member of the Management Board for Liechtenstein. The company said Mr Schröder's employment with Bittrex Global GmbH begins Sep...

Two board members of Bermuda-based Nordic American Tankers Ltd, the oil tanker company, have purchased shares in the company. NAT said US-based Doug Penick bought 50,000 NAT shares at $2.30 per share. He holds a total of 125,000 NAT shares. Mr Penick...

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...

Chief Justice Narinder Hargun has agreed with the joint provisional liquidators (JPLs) in the appointment of representatives for different classes of creditors in the winding up proceedings of Northstar Financial Services (Bermuda) Ltd and Omnia Ltd....