Archive for February 13th, 2012
2011 Tourism Stats: Visitors Up 12%
Minister of Business Development and Tourism Wayne Furbert announced the 2011 year end visitor statistics. Some of the highlights included: total visitors up 12%; 655,236 visitors in 2011 – the second highest in history; air arrivals up by almost 2% with 236,038 tourists flying to the Island; cruise visitors up 19%; and convention incentive groups... Read more of this article
Gunshots Fired Last Night, No Injuries
Police have confirmed that gunshots were fired last night [Feb.12] in the St. Monica’s Road, Pembroke area. A police spokesperson, “Around 9:15pm on Sunday, February 12th police responded to reported gunshots in the St. Monica’s Road, Pembroke area. Although forensic evidence collected confirmed a firearm had been discharged, there were no... Read more of this article
Chamber Division Appeals To Premier
In the run-up to the 2012 Bermuda Budget, the Chamber of Commerce Shipping Division has called on Premier and Finance Minister Paula Cox to abandon any proposed duty rate increases on imported personal items currently being discussed. Steve Thomson, spokesman for the Shipping Division said, “It is counter-productive to raise taxes on citizens in times... Read more of this article
Photos/Video/Results: Weekend Football
A number of football games took place this past weekend across the island – the results are below along with photos of the St. George’s Colts vs Boulevard Blazers game. First Division Ireland Rangers 3 Paget Lions 3 At Malabar, the Paget Lions went in front in the 7th minute when Edison Clarke scored. Jerome Codrington equalized for the home... Read more of this article
Man Charged With Setting Fire
In Magistrates Court this morning [Feb.13], 49-year-old Dunavin Nesbitt was charged with setting fire to his brother’s building. Because the charge is indictable and can only be heard in Supreme Court, he was not required to enter a plea. The offence was alleged to have occurred at a residence in Orchard Grove Pembroke on the evening of 8th February... Read more of this article
Webinar: Solvency II’s Impact On Captives
A panel of analysts from A.M. Best Europe will review the potential impacts of Solvency II on the captive sector — including Bermuda’s role as the leading international domicile — during a one-hour public webinar being held on Tuesday, 21 February. Although the captive sector reported widespread growth in 2011, the approach of Solvency... Read more of this article
Brookfield Reports Jump In Revenue
Bermuda’s Brookfield Renewable Energy Partners L.P. today [Feb.13] reported an increase in both revenue and funds from operations for the year ended Demember 31 compared with 2010. Backed by Canadian interests, Brookfield Renewable Energy Partners L.P. is a Bermuda-based limited partnership that is treated as a partnership for US and Canadian... Read more of this article
Dockyard Arts Centre’s Winter Show
The Bermuda Arts Centre at Dockyard’s unjuried winter members show opens to the public on Sunday afternoon [Feb.19]. In conjunction with the opening — being held from from 3.30 to 6 pm — Russian-born artist Sonya Von Walter will be exhibiting a series of works collectively titled “Postcards From Bermuda” in the West End... Read more of this article
Yearwood Helps Set A New Record
Bermudian Ashley Yearwood and her Baylor School 4x200m Freestyle Relay teammates broke their State and National Independent High School record from last year by 1 ½ seconds. Yearwood’s record setting swim is the third record to be broken by local athletes this weekend, following after Tyrone Smith’s record breaking leap in Estonia, and... Read more of this article
Nordic American Tankers Posts Dividend
Bermuda’s Nordic American Tankers Limited today [Feb. 13] announced that it has declared a dividend of $0.30 per share for the fourth quarter of 2011. The non-GAAP measure, operating cashflow was at cash break-even for 4Q2011 — an improvement from 3Q2011. This cash flow from marine operations of the company’s vessels for the year 2011... Read more of this article
Cricket Team For T20 Qualifier Announced
The Bermuda Cricket Board has named team that has been selected to compete in the ICC World T20 Qualifier 2012 that will be held in the United Arab Emirates, 13 – 24 March 2012. Two teams from this tournament qualify for the World T20 in Sri Lanka in September this year. National Coach David Moore stated, “The squad that has been picked... Read more of this article
Frontline Won’t Ship Iranian Crude
European Union sanctions on Iran are tightening after Bermuda’s Frontline Ltd. joined ship operators controlling more than a hundred other supertankers and announced they would stop loading cargoes from the Organisation of Petroleum Exporting Countries’ second-largest producer. Frontline companies including Hamilton, Bermuda-based Frontline... Read more of this article
