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Bermudian-based Frontline Ltd, one of the world’s largest oil tanker operators, is to buy ten newly built Suezmax tankers from commodities trader Trafigura Group. Under the terms of the deal, Trafigura will get between $538 million and $547 million i...

Bermudian-based financial services company LOM Financial Ltd has reported that profits for the first half of 2019 are up year-on-year, despite a slowdown in the growth of the company. LOM’s group profit rose 16 per cent year-on-year to $944,235 or 16...

A move to new offices by Estera Bermuda demonstrates the organisation’s long-term commitment to the island, the company said. Estera, a global provider of funds, corporate and trust services with operations in 11 jurisdictions, has moved into new dig...

Bermudian-based Triton International Ltd, the world’s largest lessor of shipping containers, reported net income of $86.4 million for the second quarter amid uncertainty in the shipping industry caused by trade disputes. The profit was slightly lowe...

American multinational companies repatriated a staggering $231 billion in corporate profits from Bermudian-based affiliates to the United States last year. Changes in US tax law brought in last year slashed the rate of tax on profits brought back to ...

Details from a trove of 200,000 documents obtained from the former Mauritius office of law firm Conyers have been published by an investigative journalism website. Conyers said yesterday that the confidential papers had been “illegally obtained” and ...

A total of 67 Bermudian-incorporated companies are listed on the New York Stock Exchange and the Nasdaq, after a first half of the year which The Bermuda Public Companies Update, published by law firm Conyers, reported that the two newcomers were Fle...

Butterfield Bank has announced completion of the acquisition of ABN AMRO (Channel Islands) Ltd, the Channel Islands-based banking subsidiary of ABN AMRO Bank NV, following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been ren...

Arbitrade’s future plans in Bermuda are a mystery after its website was cleared of information. It is a year since Arbitrade announced plans to create a “world-class cryptocurrency exchange and coin company” in Bermuda, training Bermudians and eventu...

Jersey, Guernsey and the Isle of Man have pledged to make their beneficial ownership registries public by 2023. The move by the Crown Dependencies comes as Britain is applying pressure on its Overseas Territories, including Bermuda, to make company o...