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Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed to make changes to the chartering and management structure of the harsh environment jack-up drilling rig West Linus. The company said the rig was delive...

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported a net loss of $11.1 million for fiscal year 2021 ($413 million profit in 2020). The company re...

Golden Ocean Group Limited, a leading international dry bulk shipping company based in Bermuda, has declared its most successful fourth quarter and full year results in its quarter-of-a-century history. GOGL reported net income of $203.8 million and ...

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed to provide fund administration services to Adit Ventures’ new Irish Investment Limited Partnership fund structure. Apex said it was providing services includin...

Borr Drilling Limited, the oilfield services company, has reported a net loss of $46.1 million in the fourth quarter of 2021. That is an increase of $13.5 million compared with the loss in the third quarter last year, the Bermudian-based company said...

SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $80.1 million in the fourth quarter of 2021. The Bermudian-based company, announcing its preliminary financial results, said it had operating revenue ...

Flex LNG Ltd, the liquefied natural gas shipping company, has reported record net income of $69.4 million in the fourth quarter of 2021. That compares with net income of $32.8 million in last year’s third quarter and contributed to 2021 full-year net...

P&I Clubs will seek significant price improvements at the February 2022 renewal in response to deteriorating claims experience, said a Best’s Market Segment Report. The move comes after the costs of pooled claims were at a record high for the first h...

Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders of $484.5 million for the 2021 fiscal year. The Bermudian-based company said that the figure includ...

Ardmore Shipping Corporation, the Bermudian-headquartered company that owns and operates product and chemical tankers, has reported a net loss of $38.1 million for fiscal year 2021. That compares with a net loss of $6 million in 2020. The company rep...