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Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has entered into definitive agreements for the previously announced strategic investment into Element 1 Corp's unique methanol-to-hydrogen technology,...

A Microsoft subsidiary registered in Ireland made a profit of $314 billion in the fiscal year that ended June 2020, but did not pay any tax as it is tax resident in Bermuda. Microsoft Round Island One has no employees, other than three directors. Its...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a two-well contract extension with Equinor Energy AS offshore Norway. The company said the contract is for Valaris JU-291 (Stavanger), a heavy-duty ultra-harsh envir...

After more than a year of staying connected virtually, the Bermuda Business Development Agency was back on the road for direct engagements in Miami this week. Meetings were being held with senior representatives from the Florida Chamber of Commerce, ...

Bermudian-headquartered Textainer Group Holdings Ltd elected two directors to its board and bid farewell to one at the annual meeting of shareholders. The company, one of the world’s largest lessors of intermodal freight containers, welcomed James Ea...

Bermudian-based Valaris Ltd, the offshore drilling services outfit, has been awarded a one-well contract with Total E & P Côte d'Ivoire B.V. offshore Ivory Coast. The contract for the drillship Valaris DS-12 is expected to commence in the third quart...

Billionaire shipping magnate John Fredriksen has stepped down as chairman and president of Bermudian-headquartered Frontline Ltd, one of the world’s largest oil tanker shipping companies. Ola Lorentzon has been appointed chairman of Frontline, succee...

Borr Drilling Ltd, the Bermudian-based oilfield services company, has reported a net loss of $58.1 million for the first quarter. That result follows a loss of $46.7 million in the fourth quarter of 2020, and an overall loss last year of $305.2 milli...

Seadrill Ltd’s board chairman has stepped down. Glen Ole Rødland had been chairman of the Bermudian-based offshore drilling outfit since November 2019. His resignation is effective immediately. Seadrill commenced Chapter 11 cases in Texas on February...

Two lawyers from the Bermuda office of law firm Appleby are among the speakers at the Transcontinental Trusts International Forum, a four-day event set to begin on Tuesday. The firm said the long-time fixture on the Bermuda business calendar will be ...