Archive for February 8th, 2012
BIU President Refutes Claims
Bermuda Industrial Union President Chris Furbert issued a statement today [Feb.8] refuting claims he told Premier Paula Cox that he will withdraw the BIU’s support if she removes Deputy Premier Derrick Burgess – a former BIU president – from Cabinet. Mr Furbert also stated he is a “life member of the PLP”, and said his... Read more of this article
Knightsbridge Issues Financial Results
Bermuda’s Knightsbridge Tankers Limited yesterday [Feb.7] reported net income of $9.5 million and earnings pershare of $0.39 for the fourth quarter compared to net income of $9.1 million and earnings per share of $0.37 for the third quarter of 2011. Net income increased primarily due to an improvement in the results of the Very Large Crude Oil... Read more of this article
Man’s Friend Fined After Bail Breach
After spending the night in Police custody, 32-year-old Hopde Burrows, was back in Magistrates Court this morning [Feb.7] facing Senior Magistrate Archie Warner. On Monday 6th February, Mr Burrows had been arrested by Police because he had failed to comply with one of his conditions of bail. That condition required him to report, once every day, to... Read more of this article
Photos/Results: Karting Club Racing
Bermuda Karting Association racing continued at the Southside Motor Sports Park on Sunday [Feb.5]. Patrick Ingham had a hat-trick of wins in the TAG Senior Class with Luis Martins recording two second place finishes. David Barbosa won two of the three races in the 125cc Shifter Class while Ben Savil won the other. Blake Horseman won two of three Junior... Read more of this article
Man Arrested For DUI After Accident
Around 9pm last night [Feb.7] police and first responders attended a collision at the junction of Spanish Point Road and Clarence Dale Drive in Pembroke. “It appears that a car was travelling along Spanish Point Road when it collided with a utility pole and a wall. The car received extensive front end damage and the wall was also damaged,”... Read more of this article
Rebecca’s Valentine Dream Date
Bermuda Broadway sensation Rebecca Faulkenberry’s ideal Valentine’s Day date would involve a ruggedly handsome A-lister with his own private jet — one he could fly her home to the island aboard. Ms Faulkenberry — currently appearing as the title character’s love interest in the musical “Spider-Man: Turn Off The Dark”... Read more of this article
New RenRe Sidecar Vehicle Launched
Bermuda’s RenaissanceRe has confirmed that it has launched a new sidecar Upsilon Re, which will target collateralised retrocession business. The February edition of industry journal “The Insurance Insider”, published today [Feb. 8], reported that RenaissanceRe had added a new joint venture to its line-up. RenaissanceRe confirmed the... Read more of this article
OBA: 5 Things About Auditor’s Report
Opposition Leader Craig Cannonier said, “It’s been nearly two weeks since the Auditor General made public her special report on the Government misusing public money. “Since then, there has been a steady stream of press reports about wrongdoings at the Bermuda Land Development Company and Government funding a private legal action by two... Read more of this article
Teekay Prices New Public Offering
Bermuda-based Teekay Tankers Ltd. announced today [Feb.8] that it has priced its follow-on public offering of 15,000,000 shares of Class A common stock at $4.00 per share. The offering is expected to close on February 13, 2012, subject to customary closing conditions. Teekay Tankers has granted the underwriters a 30-day option to purchase up to an... Read more of this article
New Crane Set For Hamilton Docks
A new, almost 90-foot high Dutch-assembled crane will tower over the Hamilton docks this spring and start handling containers and general cargo on the waterfront. This is the first time that German-headquartered company Demag has positioned one of its mobile harbour cranes in Bermuda. For Bermuda’s Stevedoring Services Ltd, the company that will... Read more of this article
Photos/Results: First & Premier Division
Over the weekend a number of First and Premier Division football games took place across the Island. First Division Final Result: Flanagan’s Onions 1 Hamilton Parish 3 At the BAA Field, De’ von Rogers gave the visiting Hamilton Parish the lead in the 4th minute when his right footed shot curled into the net. The visitors lead was doubled in the... Read more of this article
Disasters Hit RenRe Bottom Line
Bermuda-based RenaissanceRe Holdings Ltd. yesterday [Feb.7] reported net income available to RenaissanceRe common shareholders of $81.8 million or $1.58 per diluted common share in the fourth quarter of 2011, compared to $122.6 million or $2.23, respectively, in the fourth quarter of 2010. Operating income available to RenaissanceRe common shareholders... Read more of this article
