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The government will have to reveal details of a controversial deal signed with a US-owned courier company without putting the contract out to tender, a court has ruled. The Supreme Court has given Bermudian shippers Mailboxes Unlimited leave to appea...

A Bermudian-based offshore drilling company has secured two contracts having an approximate aggregate value of $549 million with a state-owned Brazilian multinational corporation in the petroleum industry. Seadrill Limited said that the deals with Pe...

Bermudian-based Avance Gas Holding Ltd has reported a third quarter net profit of $4.2 million. That compares with a net profit of $1.5 million in the second quarter of the year. The company, which is engaged in the transportation of liquefied petrol...

A shipping company highlighted the latest dates it can accept goods to arrive in time for the Christmas season. The announcement from Best Shipping came amid concerns that global supply chain problems caused by the Covid-19 pandemic will affect Chris...

The oil tanker company Nordic American Tankers Ltd has reported a third-quarter net loss of $44.7 million. Adjusted for an impairment of $8.4 million (non-cash), the net loss was $36.3 million, the Bermudian-based company said. This compares with the...

A shipping business owner who fought his way back from homelessness said he wanted to give back with a holiday charity campaign. Kevin Simmons, the executive director of Ekko Trading Bermuda, wants to hand out food, toys and blankets to about 300 Ber...

Bermuda-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $33 million for the third quarter. The company reported earnings per share of 62 cents. Those figures compare with net income of $12.7 million and earn...

Bermuda-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $12.8 million for the third quarter. This compares with a net loss of $6.6 million for the three months ended September 30, 2...

Bermuda-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported net profit of $33.2 million in the third quarter as it announced preliminary financial results for the three months ended September 30. The company repo...

A bid to get details of a controversial link-up between the Bermuda Post Office and a US private courier company has been stonewalled by the Government. The refusal came after Mailboxes Unlimited, a Bermuda courier company, challenged the deal, set u...

Bermuda-based Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, has reported net income of $64.7 million for the third quarter. That compares with net income of $73.8 million in the second quarter of the y...

Wista Bermuda has launched a new event series “Wista Bermuda – 30 Minute Dialogue” in which they aim to engage with leaders from around the globe for leadership development. Wista Bermuda, the local chapter of Wista International, is a networking org...