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Valaris Limited, the Bermudian-based offshore drilling services company, has announced new contracts and contract extensions with associated contract backlog of $466 million. Contract backlog excludes lump-sum payments such as mobilisation fees and c...

Bermudian-based Cool Company Ltd has acquired from Golar Management (Bermuda) Limited the management organisation responsible for the technical and commercial management of its liquefied natural gas carriers and the provision of such services to thir...

One of the world’s most recognisable tall ships, the US Coast Guard Cutter Eagle is to visit Bermuda next week. The ship will be moored along Front Street from July 8 to July 12 and will be open for free public tours from Friday, July 8 to Monday, Ju...

The six-day blockage of a vital maritime trade route last year by the Ever Given containership could result in more than $2 billion in claims, a leading French reinsurer has said. The Ever Given, which weighs 200,000 tonnes and is 400 metres long, ra...

A company pursuing a legal challenge over an online shopping deal said it is pleased the Government can face accountability for its procurement decisions. Island importer Mailboxes Unlimited launched legal action over the Government’s deal with Flori...

Appleby partner Tim Faries and UK-based Carlo Ravizza have joined the board of Hoegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider. Mr Faries has been appointed by the general partner of the partnership to fill ...

Boaters have been unable to license their vessels after computer systems at the Department of Marine and Ports were sunk by a technical glitch. Government computer systems across all ministries were disabled by an outage last month. Although the prob...

Disgraced ferry company P&O will not be prosecuted for alleged breaches of Bermuda employment laws. The company, which provides passenger ferry services out of Britain to France, Holland and Ireland, made news in March when it dismissed almost 800 se...

Activity in the offshore drilling industry has returned to pre-Covid-19 levels, the chief executive of a Bermudian-based oilfield services company has revealed. Patrick Schorn, CEO of Borr Drilling Limited, said: "The significant amount of contracts ...

Bermudian-based Nordic American Tankers Limited, the oil tanker company, reported that board member Alexander Hansson has bought 115,000 shares in NAT at $2.08 per share. Mr Hansson is the son of the company’s founder, chairman and CEO Herbjorn Hanss...

Bermudian-based Golar LNG Limited, the owner of tankers that haul liquefied natural gas, has sold the Golar Tundra to Milan-based Snam Group for $350 million. The transaction saw Snam acquire 100 per cent of the share capital of Golar LNG NB 13 Corpo...

Three new members have been appointed to the executive management committee at Valaris Limited, the Bermudian-based offshore drilling company. Chris Weber will join Valaris as senior vice-president and chief financial officer, Matt Lyne will come abo...