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To date in 2023, Borr has been awarded seven new contracts and six extensions to existing contracts representing 2,613 days and $376 million of potential revenue

The company expects revenue growth in the second half of the year as all 13 of its ships will be in operation

The company says the settlement agreement includes a $24 million payment, which will be paid by Bittrex Inc, also known as Bittrex US

In his new role, Mr Shaw will oversee Apex’s rapidly expanding US business, which now employs more than 600 people across 15 local offices

Biltir represents 56 life re/insurers and 21 associate members in Bermuda that provide life and annuity products and employ more than 1,000 people on the island

The profit in Q2 compares with net income of $43 million in the first quarter of the year

Agribusiness and food company’s board of directors unanimously recommends the redomestication

The summit is the signature event of Bermuda Tech Week, which is being held from October 7 to 13

The company said the contract is for one well plus one optional well, and is expected to commence in the second quarter of 2024

News organisation’s YouTube video paints Bermuda as a tax black hole