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Norway-listed chemical shipper Eitzen Chemical has urged its shareholders to accept an exchange offer that will see the company move to Bermuda. Eitzen established Team Tankers International (TTI) as a vehicle enabling its move to the Island. “This i...

Shares of three major oil tanker companies based in Bermuda have rocketed as oil prices plummet. In the past three months Frontline has seen its share price boosted 159 per cent, while shares in Teekay Tankers are up 78 per cent, and shares in Nordic...

Local shipping companies are feeling the benefit of plunging global oil prices, and the savings are being passed along to customers as the cost of bringing goods and materials to the Island falls. Oil prices have dropped around 50 per cent since last...

A broken-down crane contributed to a six-month loss for Polaris holding company for Stevedoring Services — despite a small increase in cargo volume. The firm posted a loss of $281,968 for the period between March and the end of September last year, e...

The last cruise ship of the season has come and gone pulling the curtain down on 2014 cruise schedule. The Ocean Princess came alongside in the capital yesterday morning after arriving from Funchal in Madeira. The luxury liner and her 700 passengers ...

The US-based partner in a new Bermuda business offering low cost shipping to the Island said business was booming in the Caribbean. Richard Chilton, whose Florida-based Island Bargains now serves nearly 30 countries across the Caribbean and Latin Ame...

A Bermuda businesswoman has linked up with a US firm to offer a new shipping service for the Island. Dawn Zuill, owner of Daisy & Mac, said her own frustration with high shipping costs had spurred her to establish the new service. Island Bargains of ...

Bermuda Forwarders Ltd has launched a small package service aimed at small businesses, the freight forwarders have announced. Small Package Solutions, which operates in tandem with Bermuda Forwarders’ regular consolidated LCL ocean service out of New...

Courier service firm Mailboxes Unlimited has launched a new service aimed at making it cheaper and more efficient to import multiple packages. Weekly Express will operate alongside the Mailboxes US Express package forwarding service. Stephen Thomson...

There’s a flurry of activity at sea today as maritime life returns to normal after Hurricane Gonzalo. Today sees the arrival of the car carrier, Viking Coral, into Hamilton to deliver 64 new vehicles. While HMS Argyll departs Bermuda this afternoon a...

New US environmental rules will result in a rise of the cost of shipping containers to Bermuda. The laws mean the Island’s three container ships will have to burn more expensive ‘eco-fuel’ when they get within 200 miles of the US shore. Local shippin...