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An investigation has been launched after the island’s flagship pilot boat St David suffered severe damage after it crashed into a reef. The smash happened as the boat was underway to the Northeast Breaker Beacon as part of a training exercise. The cr...

Bermudian-based Triton International Ltd, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the three months ended March 31 of $129.3 million, or $1.92 per diluted share. Adju...

Importers were yesterday asked to pick up their cargo to help prevent congestion at Hamilton docks. Warren Jones, the CEO of port operators Polaris Holdings, said that the latest stay at home order had meant a build-up of containers on the quayside. ...

The technical managers of the giant container ship that blocked the Suez Canal for six days last month have expressed disappointment that the waterway’s owner has now begun arrest procedures against the ship. Bernhard Schulte Shipmanagement, which ha...

The leader of Bermudian-based Nordic American Tankers Ltd told the company’s shareholders and investors yesterday to expect rate increases for its ships. Herbjorn Hansson is the founder, chairman and chief executive officer of NAT. He was speaking fo...

Polaris Holding Company Limited, parent company of dock operator Stevedoring Services, has appointed Tracy Berkeley to its board of directors. Ms Berkeley is chief administration officer of the Bermuda Tourism Authority. Cheryl Hayward-Chew, chairwom...

Bermudian-registered shipping and logistics company Ocean Wilsons Holdings Ltd reported profits after tax dropped 21.3 per cent or $13 million to $48 million in 2020, principally due to the impact of foreign exchange losses and increased income tax. ...

For the first time in 10 years, the last quarter of the year showed a weaker tanker market relative to the previous quarter, according to Bermudian-based oil tanker shipping company Frontline Ltd. It reported a $9.2 million loss, or five cents per di...

Textainer Group Holdings Ltd reported a $44.3 million profit, or 87 cents per diluted share, for the fourth quarter. Adjusted net income was $41.1 million, or 81 cents per share, beating analysts’ consensus of 50 cents per share. The Bermudian-headqu...

Triton International Ltd has reported a $115.2 million profit, or $1.70 per diluted share, for the fourth quarter, beating analysts’ consensus of $1.43 cents per share. Adjusted net income was $114.7 million. The Bermudian-based company is the world’...

Triton International Limited, the world’s largest lessor of intermodal freight containers, has raised $503 million through an offering of fixed rate asset-backed notes. The Bermudian-based company said it had completed an offering of $479.1 million n...

A Royal Navy ship deployed for disaster relief and as part of the war on drugs is to spend the next month in Bermuda. HMS Medway, a patrol ship, is due to arrive today after spending the last year patrolling the North Atlantic. Bermuda will be h...