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Nordic American Tankers Ltd made a loss of $21.9 million, or 20 cents per share, in the fourth quarter. That was less than the $34.3 million loss reported by the Bermudian-based company in the preceding quarter. However, the result missed analysts ex...

Public works permanent secretary Francis Richardson is to join the Bermuda Shipping and Maritime Authority as chief executive officer. He will assume the role on April 9. Mr Richardson is a marine engineer with 25 years of service to the Bermuda Gove...

An intriguing slice of Bermuda’s maritime history has been making waves in England by attending nautical heritage ceremonies and anniversary celebrations. British engineer Malcolm Nicholson’s recreation of the Bermuda schooner HMS Pickle, which broug...

Shipping companies such as Bermudian-based Frontline, Nordic American Tankers and Teekay Tankers are likely to see steady improvements to market conditions this year. That is the takeaway view from a market report by international shipping associatio...

Bermudian-based Nordic American Tankers should do better this year, according to Herbjørn Hansson, the company’s chairman. Low charter rates for oil tankers have hit the sector in recent quarters, although rates increased slightly in the fourth quart...

Diversifying Bermuda’s economy through the space industry is one of the routes being explored by the Government of Bermuda. It is a sector that has been pursued for a number of years, and the impetus will continue, according to Walter Roban, Minister...

The Bermuda Water Safety Council will host its fourth annual October Practical Safety Seminar aboard a fast ferry later this month. The seminar, a hands-on programme for local boaters to learn basic safety practices and emergency procedures, will c...

A delegation from Bermuda is in London to promote the island’s shipping registries, meet with existing clients and network with potential future clients. Members of the Bermuda Shipping and Management Authority, the Bermuda Business Development Agenc...

Greater productivity and efficiencies at Hamilton docks have been key to Polaris Holding Company recording a full-year profit of $1.22 million. It is the second consecutive year that the parent company of Stevedoring Services Ltd has posted positive ...

A huge change is on the horizon for the shipping industry as autonomous ships become a reality. For Bermuda, the challenges and opportunities this will bring are likely to be felt in a number of sectors. Some of the world’s major shipping operators a...

Economies of scale have helped Bermudian-based Triton International Ltd benefit from stronger than expected demand for shipping containers. In the second quarter its net income was $45.7 million, or 62 cents per share, compared with $34.6 million for...

Bermudian-domiciled Nordic American Tankers made a $15.9 million loss in the second quarter as charter rates for its oil-transporting ships were pressured by a growing global tanker fleet. The company is also considering diversifying its capital stru...