Archive for December 28th, 2010

Cargo Ship Rides Out Storm off Bermuda

The Liberian registered cargo ship ‘Independent Concept’ arrived in Bermuda on Sunday when its Captain decided to come in to ride out the inclement weather. The ship is pictured below this afternoon [Dec 28] anchored in Murray’s Anchorage off Tobacco Bay in St George’s. The vessel was on its way from Wilmington, NC to Europe... Read more of this article

U/20 Football Team to Play in Suriname

The Caribbean Football Union today [Dec 28] released the location for the next round of the under/20 World Cup Qualifiers. Suriname will host Bermuda, Guyana and the Netherlands Antilles from January 19-23. All four teams finished runner-up in their first-round qualifying groups. Bermuda’s team for the upcoming tour has not yet been named. Andre... Read more of this article

Shakespeare In Love — In Bermuda

Her Bermuda honeymoon inspired American romance novelist Kathryn Johnson’s latest book “Gentleman Poet”, a historical “What If?” novel based on the premise William Shakespeare was inspired to write “The Tempest” because he was aboard the “Sea Venture” when the ship foundered on the island’s... Read more of this article

185 Without Power: BELCO Working to Restore

Seven BELCO crews are out working to repair lines and restore power to the approximately 185 customers who remain without power this afternoon [Dec 28]. Gale and storm force winds across the island affected power lines, with approximately 1,400 customers out at one point. A BELCO spokesperson said that “At 3:00 pm on Tuesday, December 28, 2010,... Read more of this article

Indian Firm Regrets Orient Express Investment

The operators of an Indian hospitality group are ruing their 2007 investment in Bermuda-based luxury hotel chain Orient Express, a leading Mumbai business journal reports today (Dec. 28). India Hotels Company Ltd., along with subsidiary Samsara Properties, invested $247 million to buy a 10 percent holding in the Orient Express Hotels —... Read more of this article

Sailors in Malaysia for World Championships

A young but well prepared team of five Bermudian youth sailors from the Bermuda Optimist Dinghy Association (BODA) left the island just before Christmas to prepare for the IODA World Sailing Championships which will be held in Langkawi, Malaysia starting this Thursday [Dec 28] through January 8th. The team has apparently settled in nicely and apart... Read more of this article

Monetary Authority Economic Update

The Bermuda Monetary Authority has published its December 2010 regulatory update, disclosing year-on-year statistics for the island’s financial services sector. In the banking sector, total assets decreased by 2.3 percent during the third quarter of 2010, dropping from $22.8 billion to $22.3 billion. The decline was primarily due to a drop in... Read more of this article

Sudden Death of 20-Yr-Old Man

A Police spokesperson said that “Police and first responders attended a medical emergency at Scott Hill Road in Sandys a few minutes after 11 this morning. Upon police arrival it was ascertained that a 20 year old Sandys man was in a non-responsive state. The Sandys man was rushed to KEMH were he was certified dead by a hospital physician. No... Read more of this article

Sir John Keynote Speaker At BVI Forum

Former Bermuda Premier Sir John.Swan is the keynote speaker at an upcoming seminar in the British Virgin Islands focussing on the challenges which lie ahead for small, off-shore international business domiciles given a recession-battered, increasingly regulated global economy. The one-day conference organised by “Business BVI” magazine is... Read more of this article

AXIS Shares Downgraded By Analysts

Equities research analysts at Zacks Investment Research today [Dec 28] downgraded shares of Bermuda re/insurance giant AXIS Capital Ltd from an “outperform” rating to a “neutral” rating in a research note issued to clients and investors on Monday. Analysts for the US investment agency wrote: “AXIS Capital’s third quarter earnings... Read more of this article

Man Airlifted Overseas Following Accident

A man has been airlifted overseas for further medical care following an accident in Paget early yesterday morning [Dec 27]. A car with three occupants smashed into a wall, and the driver was arrested for suspicion of driving whilst impaired. A Police spokesman said “Police responded to a road traffic collision which occurred on Monday, December... Read more of this article

Flight & Ferry Cancellations

[Updated] A severe storm across the US East Coast continues to cause flight cancellations, with inbound and outbound Bermuda flights being affected for the fourth consecutive day today [Dec 28]. Flight data shows that Continental flight #1657 arriving from Newark this afternoon, as well as American Airlines flight #1443 departing Bermuda for New York... Read more of this article