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UK business groups have told the government to halt the introduction of the controversial 15 per cent effective minimum corporate tax rate, the Financial Times has reported. They said Chancellor Jeremy Hunt’s plan to include it in the spring finance ...

The European Union is still mulling this month’s landmark ruling by the European Court of Justice that EU law does not permit beneficial ownership information to be freely available to the public. The Financial Mail On Sunday called it “a major blow ...

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $11.6 million for the third quarter of the year. That compares to $18.4 million for the second quarter of 2022....

Wista Bermuda, the local chapter of the Women’s International Shipping and Trading Association, will take advantage of the Wista International programme development for two initiatives aimed at supporting women rising in the maritime industry. Wista ...

Freight rate observers are forecasting gloomy news for the future of cargo rates. Xeneta chief executive Patrik Berglund expressed his concern this week that economic uncertainty, geopolitical concerns (including over Ukraine), industrial action on l...

The top European court has struck down a European Union mandate for public registers of beneficial ownership of all companies. In a decision which could stall global efforts to force countries to have open beneficial registers, the European Court of ...

Seadrill Limited, the offshore drilling contractor based in Bermuda, has announced that its joint venture operation has secured an extension with a total contract value of $327 million for the firm. Sonadrill Holding Ltd, Seadrill's 50-50 joint ventu...

The island’s private wealth industry professionals have been returning from Lake Como, Italy where they were promoting Bermuda as a premier domicile for high-net-worth services to the world’s private client lawyers. The group included Bermuda Busines...

Deep-pocketed football supporters are being flown to the World Cup using a private jet company registered in Bermuda. RoyalJet, an award-winning provider of premium private aviation, is in partnership with Jetex, the private airport terminal operator...

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has appointed Michael Pearl as chief financial officer, effective January 1. At present he serves as Triton’s senior vice-president, treasurer....