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A tanker bound for the UK diverted to the island earlier this week after a crew member on board fell ill. According to an incident report, the Bermuda Maritime Operations Centre was contacted by the Meyer Shipping Agency at about 1.30pm on Sunday reg...

The board of directors of Golden Ocean Group Limited has authorised a share buyback programme of a maximum $100 million, to purchase up to an aggregate of 10,000,000 of the company's common shares for a period up to 12 months. The maximum amount to ...

Bermudian-based DHT Holdings Inc, the crude oil tanker company, has announced a new dividend policy with 100 per cent of net income being returned to shareholders in the form of quarterly cash dividends. The new policy will be implemented from the th...

Seadrill Limited, the offshore drilling company based in Bermuda, has entered into a binding share purchase agreement with subsidiaries of ADES Arabia Holding Ltd to sell the legal entities that own and operate seven jack-ups in Saudi Arabia in a dea...

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $18.4 million in the second quarter of the year. That compares to a net profit of $24.3 million in the first qu...

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has agreed to sell the DHT Edelweiss, a 2008 built very large crude carrier, for $37 million. The company said the vessel is not fitted with an exhaust gas cleaning system and is due for...

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported net income of $47.1 million for the second quarter of 2022. Adjusted net income for the quarte...

Bermudian-based Flex LNG Ltd has reported net income of $44.3 million for the second quarter 2022, compared to net income of $55.8 million for the first quarter of the year. The liquefied natural gas shipping company had vessel operating revenues of ...

Bermudian-based Hoegh LNG Partners LP reported a fivefold increase in net income during the second quarter of the year compared with the prior year period. The floating liquefied natural gas service provider reported net income of $13.1 million compa...

SFL Corporation Ltd, the ship-owning company based in Bermuda, has reported a net profit of $57.4 million in the second quarter of the year. The company received charter hire of approximately $164.9 million in the quarter from its vessels and rigs, i...

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported a net profit in the second quarter of $10 million. That compares with a net profit in the second quarter of 2021 of $800,000. The increase from 2021 to 2022 was mainly due t...

A direct, wholly owned subsidiary of Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has completed an amendment to renew and extend the term on its revolver facility, additionally increas...