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Bermudian-based Avance Gas Holding Ltd has entered into a two-year time-charter agreement for the first dual-fuel very large gas carrier, Avance Polaris, to the energy giant TotalEnergies. Avance, which is engaged in the transportation of liquefied p...

Famatown Finance Limited, a company indirectly controlled by trusts settled by John Fredriksen and a member of The Seatankers Group, has accumulated approximately 5 per cent of the common shares of Valaris Limited. Valaris, the Bermudian-based offsho...

Board members of Bermudian-based Nordic American Tankers Ltd, the oil tanker company, have increased their share ownership in the firm. NAT said board member Alexander Hansson, who is the son of the company’s founder, chairman and CEO, Herbjorn Hanss...

Bermudian-based Frontline Ltd, the oil-shipping company, has reported a net loss of $33.2 million for the third quarter. The company reported an adjusted net loss of $35.9 million in the set of unaudited results released today. Total operating revenu...

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...