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AM Best Affirms Credit Ratings Of OCIL

AM Best Affirms Credit Ratings Of OCIL

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” of Oil Casualty Insurance, Ltd [OCIL] [Hamilton, Bermuda]. AM Best also has affirmed the Long-Term Issue Credit Rating of “bbb” on the $200 million 8.00% deferrable subordinated debentures, due Sept. 15, 2034. The outlook of these... Read more of this article

RUBiS Labour Day Holiday Opening Hours

RUBiS Labour Day Holiday Opening Hours

RUBiS Energy Bermuda have provided information about their opening hours for their various locations during the upcoming Labour Day holiday on Monday, September 2. Related StoriesRUBiS Labour Day Holiday Opening Hours BLDC Invites Public To Enjoy Beach Upgrades Oil Insurance Upgraded By Standard & Poors Sol Launch Shell And Pennzoil... Read more of this article

‘Very Small’ Oil Spill From Construction Barge

‘Very Small’ Oil Spill From Construction Barge

There was a small oil spill from a construction barge at the ferry terminal this past weekend, with officials confirming that “only a very small amount of oil had entered the water and no further pollution was likely to occur.” A Bermuda Maritime Operations Centre spokesperson said, “Sunday 18th August, 11:00 am – Ferry Corona reported... Read more of this article

DHT Holdings Reports Q2 Loss Of $10.5 Million

DHT Holdings Reports Q2 Loss Of $10.5 Million

Bermuda-based independent oil tanker company DHT Holdings Inc. on Tuesday [Aug 6] reported a loss of $10.5 million in its second quarter. The firm said it had a loss of .7 cents on a per-share basis. Losses, adjusted for non-recurring costs, came to 3 cents per share. DHT Holdings posted revenue of $106.2 million in the period. Its adjusted revenue... Read more of this article

Better Energy Plan Team: IRP Is ‘Fantastic News’

Better Energy Plan Team: IRP Is ‘Fantastic News’

The Bermuda Better Energy Plan Team called the release of the Regulatory Authority’s Integrated Resource Plan [IRP] “fantastic news for our island and the planet.” The IRP calls “high levels of renewable energy resources,” with the RA saying the plan includes adding utility-scale solar photovoltaic and wind power via an offshore wind... Read more of this article

Ministry ‘Encouraged’ By IRP Energy Plan

Ministry ‘Encouraged’ By IRP Energy Plan

The Ministry of Home Affairs said they are encouraged by the publication of the Regulatory Authority’s Integrated Resource Plan [IRP], which calls for “high levels of renewable energy resources,” with the RA saying the plan includes adding utility-scale solar photovoltaic and wind power via an offshore wind farm. A Ministry spokesperson said,... Read more of this article

“High Levels Of Renewable Energy Resources”

“High Levels Of Renewable Energy Resources”

The Regulatory Authority launched Bermuda’s Integrated Resource Plan which will use “high levels of renewable energy resources,” with the RA saying the plan includes adding utility-scale solar photovoltaic and wind power via an offshore wind farm. A spokesperson said, “The Regulatory Authority, today announced the launch of Bermuda’s... Read more of this article

Exchange Up To Ten Light Bulbs For Free

Exchange Up To Ten Light Bulbs For Free

In an effort to “encourage a greener Bermuda” people are “able to exchange up to ten incandescent light bulbs, at one time, for ten LED light bulbs free of charge,” the Government announced today. A spokesperson said, “The Department of Energy has announced that effective immediately, the general public will be able to... Read more of this article

RUBiS Bermuda Day Holiday Hours

RUBiS Bermuda Day Holiday Hours

RUBiS Energy Bermuda have provided information about their opening hours for their various locations during the upcoming Bermuda Day holiday on Friday [May 24]. Related StoriesOil Insurance Upgraded By Standard & Poors Sol Launch Shell And Pennzoil Lubricants DHT Holdings Reports Q2 Loss Of $10.5 Million Oil Casualty Insurance Holds... Read more of this article

Light Bulb Exchange Programme Starts Today

Light Bulb Exchange Programme Starts Today

The Department of Energy announced the official launch of the LED Exchange Programme, effective today [May 1]. A Government spokesperson said, “Beginning today and continuing as long as supplies last, members of the public are encouraged to bring one incandescent light bulb to participating retailers in exchange for one energy-efficient LED bulb,... Read more of this article

RUBiS Good Friday & Easter Holiday Hours

RUBiS Good Friday & Easter Holiday Hours

RUBiS Energy Bermuda have provided information about their opening hours for their various locations during the upcoming Good Friday and Easter Holiday. A spokesperson said, “They are in order from east to west, those highlighted in red offer 24 hr self-serve.” Related StoriesDHT Holdings Reports Q2 Loss Of $10.5 Million Easter Message... Read more of this article

Minister Announces Free LED Bulb Exchange

Minister Announces Free LED Bulb Exchange

[Updated] Minister of Home Affairs Walter Roban is holding a press conference this morning [April 8] regarding a “new energy initiative.” We will have additional coverage later on and in the meantime the live video is below. The Minister announced that starting on May 1st, and running as long as supplies last, people will be able to bring... Read more of this article

Oil Casualty Insurance Holds General Meeting

Oil Casualty Insurance Holds General Meeting

Oil Casualty Insurance, Ltd. [OCIL] held its Annual General Meeting of Shareholders on March 21, 2019 at the Princess Hotel in Hamilton, Bermuda. During the meeting, Shareholders were provided an update on the Company’s underwriting operations; reviewed and approved the 2018 annual financial statements; and elected Directors. A spokesperson said,... Read more of this article