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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...

Net profits more than tripled to $24.3 million in the first quarter of the year for Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas. That compared with a net profit of $7.5 million for the ...

The Covid-19 pandemic is still causing operational challenges in the shipping industry, Bermudian-based crude oil tanker company, DHT Holdings Inc, has reported. DHT said the pandemic is hampering its seafarers and the ability to change crews at regu...

Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has reported a net loss of $13.9 million in the first quarter. That compares with a loss of $39.8 million in the fourth quarter of 2021, and a loss of $21.4 mi...

Bermudian-based SFL Corporation Ltd, the ship-owning company, has reported a net profit of $47 million in the first quarter. Other preliminary results include operating revenue of approximately $152.4 million. The company said it had received charter...

Flex LNG Ltd, the Bermudian-based liquefied natural gas shipping company, has reported net income of $55.8 million for the first quarter compared with net income of $69.4 million for the fourth quarter of 2021. Vessel operating revenue was $74.6 mill...

Bermudian-based crude oil tanker company DHT Holdings Inc had a net loss in the first quarter of $17.3 million compared with a profit in the first quarter of 2021 of $11.6 million. The company said the decrease was mainly due to lower tanker rates. D...

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $72.7 million for the first quarter, compared to $72.9 million for the fourth quarter of 2021. Adjusted net inco...

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $7.9 million for the first quarter of 2022. That compares to a net loss of $8.5 million in the first quarter last y...

Seadrill Limited, the Bermudian-based offshore drilling company, has been awarded three contracts with a total value of $404 million by a leading operator. The contracts have been awarded for the West Ariel, West Cressida, and West Leda jack-up rigs ...

The Government has moved to block a judicial review into how it signed a controversial deal without putting the contract out to tender. The Cabinet Office ministry signed a deal with Florida-based shipper Access USA through the Post Office in May, 20...