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Nordic American Offshore Ltd has been awarded a one-year fixed contract for its platform supply vessel NAO Power. The company has a fleet of ten platform supply ships. NAO Power will commence its new contract early this month, and will be working in ...

A subsidiary of Bermudian-based shipping container company Triton International Limited has entered into a new $1 billion term loan arrangement. The proceeds from the loan facility, which matures in November 2023, will be used by Triton Container Int...

Polaris Holding Company Ltd has made a six-month profit of $1.01 million, or 85 cents per share. That is down on the $1.15 million reported for the same period last year, when the economic stimulus associated with the island’s hosting of the America’...

A delayed gravel ship is expected to arrive in the East End this morning. Joe Simas, vice-president of marine operations at shipping firm Meyer Group, said that the Seattle, loaded with material for the Bermuda Government, had been at Murray’s Ancho...

Concordia Maritime (Bermuda) Ltd has awarded two students with scholarships to assist them with maritime studies overseas. The company allocates a total of $10,000 in scholarship funds each year. This year’s recipients are Lamar Samuels and Andre Dur...

Triton International saw its profit increase to $104.9 million in the second quarter, or $1.30 per share, an improvement of 30 per cent on the first three months of this year. The Bermudian-registered company is the world’s largest lessor of intermod...

The keel for a replacement for the ageing Oleander cargo ship has been laid in a Chinese shipyard, it was revealed yesterday. The major step in the construction of the new freighter for Bermuda Container Line was celebrated at the shipyard as workers...

Bermudian-headquartered Nordic American Tankers has decided it will not conduct a bond offering to raise additional capital. In an open letter to shareholders and investors, the company noted improving conditions in the tanker market. The company has...

As the warmer, summer months get under way, the Department of Marine and Ports Services is reminding the public that the ferry service remains a viable option as a mode of public transportation. Marine and Ports reminded that the catamaran ferries ar...

The best fuel option for power plants and ship propulsion during the next 25 to 40 years is liquefied natural gas, according to Jens Alers. The wind of change for power production is becoming evident in Bermuda. In its Integrated Resource Plan Propos...

Please note the ferry services schedule changes for the Bermuda Day Holiday, Friday 25 May. Blue Route Operating on the weekday schedule between Hamilton and Dockyard as of 7:10am from Hamilton, with the last departure from Hamilton at 9:00pm Orang...

Triton International Ltd will host an investor and analyst meeting in New York City on May 31. The Bermudian-registered company is the world’s largest lessor of intermodal freight containers. This month the company reported first quarter adjusted net...