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Nordic American Offshore Ltd reported a fourth-quarter loss of $9.8 million this morning. The Bermudian company, which operates a fleet of ten supply vessels working in the North Sea oil industry, also declared a dividend of 2 cents per share. The lo...

The chief executive officer of Bermudian-based Bacardi is to retire next year. the company has announced. Island-based Michael Dolan, who has worked for the firm for eight years, will be replaced by company veteran Mahesh Madhavan, who is regional pr...

A new business conference in Bermuda that sold out more than two months in advance will get the island’s conference season under way this month. And 2017 is shaping up to be a bumper year for conferences in Bermuda, with a number of new events on the...

Financial services firm Estera has bought up an administration company based in Jersey. Estera — formerly part of law firm Appleby — finalised the deal to take over Morgan Sharpe Administration earlier this week. The new acquisition, which is subject...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...

Bermuda financial watchdogs have slapped a $1.5 million fine on financial services firm Sun Life Financial Investments for failing to comply with anti-money laundering and antiterrorist financing laws. And the Bermuda Monetary Authority has banned th...

The weakness of the UK pound was the major factor driving the owner of Bermuda Commercial Bank to a $10.7 million loss in the fourth quarter of last year. Somers Ltd, a Bermuda Stock Exchange-listed financial services holding company, said more than ...

The island office of global giant Marsh and Guy Carpenter is in the top five around the world for community volunteers. The company, part of professional services firm Marsh & McLennan, last year saw 40 per cent of its total workforce take part in vo...

A ship management company with offices in Bermuda is involved in the building of a potentially ground-breaking gas supply vessel. The ship will be used to deliver liquefied natural gas for refuelling of ships, such as ferries, containers and cruise s...

Bermudian-based Frontline Ltd has acknowledged the decision by DHT Holdings to reject an offer to combine the crude oil tanker businesses. Frontline, which is more than twice the size of DHT in terms of market capitalisation and fleet size, had propo...