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This article showcases our top picks for the best Bermuda based Shipping companies. These startups and companies are taking a variety of approaches to innovating the Shipping industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Bermuda Shipping Companies
Golden Ocean Group
Golden Ocean Group Limited (“Golden Ocean” or the “Company”) is a leading international dry bulk shipping company founded in 1996 and based in Bermuda. Golden Ocean is mainly operating in the Capesize, Panamax and Supramax segments and the Company is listed on NASDAQ and the Oslo Stock Exchange.
The Company owns and controls a fleet of 77 vessels including vessels chartered in on long term time charter contracts. Golden Ocean provide customers with flexible and reliable transportation services and develop strong industry relations with partners and customers..
Established in 1973, Teekay has developed from a regional shipping company into one of the world’s largest marine energy transportation, storage and production companies. We bring energy where it is needed to power the global economy and to improve people’s lives.
Teekay was founded in 1973 by Torben Karlshoej, whose initials gives them their name. Under Torben’s leadership, Teekay grew from a tanker operator to an operational leader and successful vessel owner in the conventional shipping market.
Teekay has since expanded across new segments including gas and offshore and created four publicly traded companies. Teekay operates in the marine midstream space through its ownership of the general partners and a portion of the outstanding limited partner interests in Teekay LNG Partners L.P.
(NYSE:TGP) and Teekay Offshore Partners L.P. (NYSE:TOO).
The general partners own all of the outstanding incentive distribution rights. In addition, Teekay has a controlling ownership interest in Teekay Tankers Ltd.
(NYSE:TNK) and directly owns a fleet of vessels. The combined Teekay entities manage and operate consolidated assets of over $13 billion, comprised of over 215 liquefied gas, offshore, and conventional tanker assets.
Golar LNG Partners
Golar LNG Partners owns floating storage and regasification units and liquefied natural gas carriers. Golar LNG Partners are a growth-oriented limited partnership formed by Golar LNG Limited (NasdaqGS: GLNG; OSE: GOL) to own and operate floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters, which they define as charters of five years or more.
They intend to leverage the relationships, expertise, and reputation of Golar, a leading independent owner, and operator of FSRUs and LNG carriers, to pursue growth opportunities in these areas. While they intend to operate their assets under long-term charters with stable cash flows, Golar intends to focus primarily on FSRU and LNG project development, LNG trading and LNG transportation, storage, and regasification activities with contract terms and associated cash flows that are more short-term and/or variable in nature..
Teekay Offshore Partners
Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production and storage services to the offshore oil industry focusing on the fast-growing, deepwater offshore oil regions of the North Sea and Brazil.
Teekay Offshore owns interests in shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units and conventional oil tankers. Teekay Offshore has rights to participate in certain other FPSO and shuttle tanker opportunities provided by Teekay Corporation (NYSE: TK) and Sevan Marine ASA (Oslo Bors: SEVAN).
A majority of Teekay Offshore’s fleet trades on long-term, stable contracts and it is structured as a publicly-traded master limited partnership.. .
Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation (NYSE: TK) as part of its strategy to expand its conventional oil tanker business.
Teekay Tankers currently owns a fleet of double-hull Aframax tankers, double-hull Suezmax tankers, product tankers and one VLCC, which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. Teekay Tankers pays an annualized dividend of $0.03 per share, paid quarterly..
Interlink Maritime provides tonnage services to agricultural, industrial commodities companies, shipping companies and end-users worldwide. It has a fleet of dry bulk carriers and break bulk cargo which are designed to the highest specification with countless design features including strengthened tank tops, mechanical hold ventilation and more.
Founded in 1979, the company carries a wide array of cargo including ore, coal, fertilizer, steel, iron ore, lumber, cement, soya bean meals, salt, sugar, and much more.. .
Teekay LNG Partners
Teekay LNG Partners L.P. (NYSE: TGP), the third largest independent owner of LNG carriers, is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.
Teekay LNG Partners L.P. provides LNG, LPG and crude oil marine transportation services under long-term, fixed-rate time-charter contracts with major energy and utility companies through its fleet of LNG carriers, LPG carriers and conventional oil tankers..
Ocean Wilsons Holdings
Ocean Wilsons Holdings is an investment holding company. The Company, through its subsidiaries, is engaged in the provision of maritime and logistics services in Brazil.
Its segments include maritime services and investments. The maritime services segment provides towage, port terminals, ship agency, offshore, logistics and shipyard services in Brazil..
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