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A Bermuda cargo ship is stranded in port in the US after it suffered rudder problems. The Bermuda Islander, operated by Meyer Freight, part of Bermuda International Shipping Ltd, is tied up in Salem, New Jersey while repairs are made. George Butterfi...

Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has entered into definitive agreements for the previously announced strategic investment into Element 1 Corp's unique methanol-to-hydrogen technology,...

Bermudian-based offshore drilling outfit Seadrill Ltd has made two senior staff appointments, and a high-profile board appointment. The company said Grant Creed has been named chief financial officer and Leif Nelson has become chief operating officer...

Bermudian-headquartered Frontline Ltd, one of the world’s leaders in the seaborne transportation of crude oil and refined products, is to add to its fleet of very large crude carriers. Frontline said it has agreed to acquire through resale six latest...

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning outfits, has reported profit of $31.5 million in the first quarter. SFL reported operating revenue of approximately $109.1 million. The company received charter hire of appro...

Textainer Group Holdings Ltd has reported a profit of $62.1 million, or $1.22 per common share, for the first quarter. That compares to net income of $44.3 million, or 87 cents per share, in the fourth quarter of 2020. The Bermudian-headquartered com...

An investigation has been launched after the island’s flagship pilot boat St David suffered severe damage after it crashed into a reef. The smash happened as the boat was underway to the Northeast Breaker Beacon as part of a training exercise. The cr...

Bermudian-based Triton International Ltd, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the three months ended March 31 of $129.3 million, or $1.92 per diluted share. Adju...

Importers were yesterday asked to pick up their cargo to help prevent congestion at Hamilton docks. Warren Jones, the CEO of port operators Polaris Holdings, said that the latest stay at home order had meant a build-up of containers on the quayside. ...

The technical managers of the giant container ship that blocked the Suez Canal for six days last month have expressed disappointment that the waterway’s owner has now begun arrest procedures against the ship. Bernhard Schulte Shipmanagement, which ha...

The leader of Bermudian-based Nordic American Tankers Ltd told the company’s shareholders and investors yesterday to expect rate increases for its ships. Herbjorn Hansson is the founder, chairman and chief executive officer of NAT. He was speaking fo...

Polaris Holding Company Limited, parent company of dock operator Stevedoring Services, has appointed Tracy Berkeley to its board of directors. Ms Berkeley is chief administration officer of the Bermuda Tourism Authority. Cheryl Hayward-Chew, chairwom...