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Bermudian-based Nordic American Tankers Ltd remains bullish about the future despite reporting a net loss of $25 million, or 16 cents per share, in the first quarter of the year. This compares with a loss of $28.7 million in the fourth quarter of 202...

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...

A sailor on a British tanker was brought to Bermuda this morning after he suffered facial injuries. The Bermuda Maritime Operations Centre said it received a satellite phone call from the tanker British Sponsor about the injured sailor shortly before...

The coronavirus outbreak is already threatening oil markets. The fear of lower demand — from a disease-stricken China and eventually globally as the economic impact widens — has destabilised prices, sending crude to its lowest levels in more than a y...

Bermudian-based Frontline Ltd, one of the world’s largest oil tanker operators, is to buy ten newly built Suezmax tankers from commodities trader Trafigura Group. Under the terms of the deal, Trafigura will get between $538 million and $547 million i...

Shares of Bermudian-based Nordic American Tankers lost more than a quarter of their value yesterday after the company priced a share offering well below its market price. Low charter rates for oil tankers have hit the company’s bottom line in recent ...

Bermudian-based oil tanker operator Frontline Ltd is continuing to grow its fleet after profits plunged in the first quarter. The company announced net income of $27 million for the first three months of the year and a cash dividend of 15 cents per s...

Island-based oil tanker operator Nordic American Tankers Ltd this morning reported a first-quarter loss of $3.4 million, after reporting a profit in the same period a year earlier. On a per-share basis, the company said it had a loss of 3 cents. Loss...

A fuel leak for which two international environmental specialists have been brought to Bermuda has been stopped, a St George’s MP has confirmed. The spill at the Rubis facility on Ferry Road was reported to the Ministry of the Environment on Tuesday...

Frontline Ltd this morning reported fourth-quarter profit of $18.3 million, beating analysts’ estimates. However, Robert Hvide Macleod, the Hamilton-based oil tanker operator’s chief executive officer, predicted pressure on the rates at which the com...

A massive bulk carrier made a visit to Dockyard yesterday morning for a fuelling stop. The M/V Dragon arrived in the West End at around 7am yesterday, and is scheduled to depart at 8am today. The bulk carrier, registered in the Bahamas, is owned by M...

A Filipino crew member aboard the Corvette tanker was taken to King Edward VII Memorial Hospital yesterday after falling ill. The 48,060-tonne vessel was en route from the Bahamas to Tarragona, Spain, when it diverted from a position 64 miles south-...