Author Archive: Bernews1

Nabors Expands Board Of Directors

Bermuda-based Nabors Industries Ltd. announced that its Board of Directors voted to expand the board to nine members from the current seven and subsequently appointed James R. Crane and Michael C. Linn to fill the newly created vacancies. Messrs. Crane and Linn will join the Board as Class III Directors with a term through the Company’s 2012 annual... Read more of this article

Swimmers Attend Florida Training Camp

Ten swimmers from the Bermuda National training team signed up for a week of intensive training in Plantation, Florida. The camp allowed the swimmers — ranging in age from 11 to 18 — to work uninterrupted on their sport. They rise at 6am and after a quick bite to eat start their day with a one mile run to the pool facility. For the next... Read more of this article

Photos: BIFF’s ‘Live From The Red Carpet’

The Bermuda International Film Festival [BIFF] wrapped up its weekend of film-related entertainment on Sunday [Feb.26] with a gala night of glitz, glamour and film talk at the Oscar-themed “2012 Live From the Red Carpet” affair. The event was held at The Deep in the Elbow Beach Complex on the night of the 84th Academy Awards. The awards were broadcast... Read more of this article

New Dark-n-Stormy Can Unveiled

The ‘national drink’ of Bermuda is heading to American shores in a new ready to drink 8.4 oz./250 ml can. “It’s the perfect addition to our family of products,” explained Malcolm Gosling, 7th generation President/CEO of the renowned Bermuda rum maker. “This is the perfect Dark ‘n Stormy delivered in a slender... Read more of this article

Golar Contracts For Two New Carriers

Bermuda-based Golar LNG Limited has entered into firm contracts with Samsung Heavy Industries Co. Ltd for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for delivery in the second quarter of 2014 and the second... Read more of this article

104 Teens Nominated For Teen Awards

Teen Services announced that the nomination process for the Outstanding Teen Awards is complete, and there were 104 nominees for the year 2012. A spokesperson said, “Teen Services would like to thank all of the schools and organizations who nominated these senior students. In addition, Teen Services would like to thank our 50 volunteers that... Read more of this article

St George’s: ‘Most Picturesque Village’

Budget Travel has named St. George’s as one of the “World’s 16 Most Picturesque Villages.” “Spend a few minutes in these 16 villages and you’ll realize that quaint and charming aren’t just adjectives, they are a way of life,” said the travel magazine. Their description of St. George’s said, “St.... Read more of this article

Seadrill ‘Disappointed’ By Archer Slump

Bermuda-based Seadrill Ltd., the oil-rig operator whose largest owner is Norwegian-born shipping billionaire John Fredricksen, will take a $463 million non-cash impairment charge on its investment in Archer Ltd. for the fourth quarter of 2011. Archer contributed $44 million to net income for the full year, reflecting “deconsolidation profits” and... Read more of this article

XL Group $750M Share Buyback

XL Group plc approved a new share buyback program, authorizing the Company to buy back up to $750 million of its ordinary shares. This authorization replaces the approximately $190 million remaining under a previously authorized share buyback program. A statement issued said, “The Company expects the purchases to be made from time to time in the... Read more of this article

Aspen Files Annual Report On Form 10-K

Bermuda’s Aspen Insurance Holdings Limited today [Feb.28] filed its 2011 Annual Report on Form 10-K with the US Securities & Exchange Commission. The document can be downloaded from the Investor Relations section of Aspen’s website.. Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets... Read more of this article

Argentina Bars Bermuda-Flagged Ship

Argentine authorities stopped a cruise liner flying the Bermudian flag from docking in one of the country’s ports on Monday, the Reuter news agency reports today [Feb.27], further ratcheting up the tension in its ongoing spat with Britain over the Falklands. Britain and Argentina fought a 10-week war over the Falkland Islands in 1982 after Argentina... Read more of this article

45-Year-Old Man Arrested For DUI

“Around 1:15am on Saturday February 25th, police conducting speed checks along Middle Road, Southampton noticed a motorcycle driving erratically,” a police spokesperson said. “Officers stopped the motorcycle a short time later near the junction of Middle Road and South Road and approached the rider, a 45 year old Paget man, who appeared... Read more of this article