Archive for January 3rd, 2012

Robbery At Flatts Gas Station

Just before 7pm this evening [Jan.3] there was a robbery at Flatts Gas Station, with unofficial reports indicating that a man threatened the cashier with a machete, demanded money and then ran out of the gas station with the cash. The suspect is described as being 6’2” tall, and wearing a hooded top. A police spokesperson said, “Around 6:55pm... Read more of this article

Arrests Made In Armed Home Invasion

A man gained entry into a home earlier today [Jan.3] in Devonshire. Two men are believed to have arrived at the house before one entered with what is believed to be a firearm. A police spokesperson said, “Around 3:25pm on Tuesday, January 3rd police responded to a reported incident at a Long Ridge Pass, Devonshire residence. “It appears... Read more of this article

Disaster Areas Exposure Reduced

Global reinsurers — including some based in Bermuda — are now reducing exposure to some catastrophe-hit areas of Asia and Australasia after years of pursuing business in those locations for diversification benefits and not properly assessing risks. According to a report in “The Financial Times” today [Jan. 3] exposures in Australia,... Read more of this article

Conyers: The Benefits Of Bermuda

There are many reasons why Bermuda remains one of the domiciles of choice for doing business, says Hamilton-based international law firm Conyers Dill & Pearman, with many of the principal factors overlapping. In an overview of the island’s governmental, legal and corporate infrastructures released to potential international clients last month,... Read more of this article

Police Update On Recent Shootings

The 24-year-old man who was shot outside Gravity Nightclub on North Shore Road last month remains overseas receiving treatment, and the two men arrested for the shooting of a 38-year-man in Southampton have been released on police bail. A police spokesperson said, “The 24-year-old gunshot victim that suffered serious injuries after a shooting... Read more of this article

LNG Demand Boosts Shippers

Bermuda tanker operators will profit handsomely from a global spike in demand for liquefied natural gas [LNG], the Bloomberg financial news service is reporting today [Jan.3] Tankers hauling liquefied natural gas at sea will earn record rates in 2012 as demand reaches an all-time high, beating returns from vessels carrying oil and coal. The tankers,... Read more of this article

Archer Restructures Operations

Archer, the Bermuda-based oilfield service company specialising in drilling services and well services, today [Jan.3] announced a new organisation centered on four geographic and strategic areas to better align with its customers, drive operational performance and create synergies. The move comes after the New Year’s Day resignation of Chief... Read more of this article

Winds Cause Flight Cancellations

[Updated] A number of flights have been cancelled today [Jan.3] due to strong weather conditions at L.F. Wade International Airport. Flights affected include JetBlue flight from JFK, Air Canada flight from Toronto, US Air flight from Philadelphia and Continental flight from Newark. Yesterday the the Bermuda Weather Service issued a Gale Warning, Small... Read more of this article

Bermuda Potential US Campaign Issue

While his GOP rivals largely held fire on Mitt Romney’s use of Bermuda shell companies during campaigning for today’s [Jan.3] first-in-the-nation Republican Presidential caucuses in Iowa, they might not be so forbearing as the American primary season gathers momentum. Mr. Romney [pictured], a former Massachusetts Governor, legally used funds... Read more of this article

Minister: West End Bus Improvements

Bus Operators will allow passengers to board and disembark between the last stop at Watford Bridge and the new depot, Transport Minister Derrick Burgess said this morning [Jan.3]. Minister Burgess said, “Discussions have taken place between the Department of Public Transportation and the Bermuda Industrial Union to cement this arrangement thereby... Read more of this article

Barbara Tannock’s Trial Date Set

In this morning’s [Jan.3] Supreme Court Monthly Arraignments the trial date for Barbara Raveen Tannock was set for 7th May 2012. Ms Tannock, a former bank executive, is charged with multiple counts of theft, and is alleged to have stolen almost $100,000. After appearing in Court late, and her lawyer Larry Mussenden apologizing to the Court, the Chief... Read more of this article

Sailing: Optimist Worlds Update

Team Bermuda is at the half-way point of the 2011 IODA Sailing World Championship, the penultimate event for sailors under the age of 16. The team of five sailors from the Bermuda Optimist Dinghy Association (BODA) have had three days of racing on Hawke’s Bay in Napier, New Zealand. Organizers from the host Napier Sailing Club were challenged... Read more of this article