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Bermudian-registered shipping and logistics company Ocean Wilsons Holdings Ltd reported profits after tax dropped 21.3 per cent or $13 million to $48 million in 2020, principally due to the impact of foreign exchange losses and increased income tax. ...

Corporate services company Ocorian has named Damian Resnik as its new managing director in Bermuda. Mr Resnik joined the group in June 2019 as client and operations director. A statement said Mr Resnik will continue to build on Ocorian’s presence in ...

Bermuda-based Borr Drilling Ltd. last week reported a loss of $46.7 million in its fourth quarter. On a per-share basis, the company said it had a loss of 22 cents. The Associated Press said The oilfield services company posted revenue of $60.2 milli...

Stories in the aviation press that four former British Airways 747 aircraft have been registered in Bermuda are wide of the mark, the head of the island’s Civil Aviation Authority revealed. Thomas Dunstan, director-general of the BCAA, said: “We are ...

Caribbean business leaders see cyber-risk as their top threat, according to PwC’s newly released Global CEO Survey. The survey polling 5,050 chief executive officers, worldwide, across January and February 2021, found that cyber has fast become a maj...

Cruise ship company NCL Corporation Ltd has announced that Scott Dahnke has resigned from its board of directors. Mr Dahnke is the global co-chief executive officer of L Catterton, the world’s largest consumer-focused private equity firm. In a statem...

After a year of pandemic upheaval, business executives are feeling cautiously optimistic about the future, according to a survey released by EY. According to EY’s 23rd Global Capital Confidence Barometer, 23 per cent of leaders predict returning to p...

International offshore law firm Harneys is to reinstate its physical presence in Bermuda. Harneys (Bermuda) Limited is on the Bermuda Bar Association’s list of law firms. In a statement, Harneys said: “As a result of an internal organisational chang...

The continuing presence of the Covid-19 pandemic may prompt companies to consider making strategic acquisitions through mergers and amalgamations. These acquisitions can aid in restructuring a group that is experiencing a downturn due to the pandemic...

Bermudian-based AK Jensen Group Ltd has announced the acquisition of NexGen Management Ltd by locally-based AKJt Holdings Ltd, an affiliated company. The Group is a provider of turnkey trading and infrastructure solutions for fund managers. The compa...