Lloyd’s Register Group announced full year results for the year ended June 30, 2001. Lloyd’s Register reports that operating profit for the 12 months at $35 million, with a record income up 11 percent at $519.2 million, which return it to profitability six months ahead of target. With the business restructured, Lloyd Register’s non-core activities were successfully exited. David Moorhouse, Chairman of Lloyd’s Register, comments: “These results - and the activities that lie behind them - mark successful further steps in the Group’s aim to become the preferred global provider of risk management solutions, most notably in the transportation sector. “Our strength and reputation in the marine sector is well recognized and we will continue to ensure we remain at the forefront of ship classification, certification and inspection services. From this platform we are currently working to develop our services to other transport sectors, in the first instance rail. I am confident that this development strategy, based on the provision of independent risk management and safety expertise, will provide Lloyd’s Register with an environment for growth, a wider development opportunity for our employees and the basis for a successful future”.
Lloyd’s Register has won a contract to provide classification services for the first six of the UK Royal Navy’s Type 45 destroyer, all to be built under survey in accordance with Lloyd’s Register’s Rules and Regulations for the Classification of Naval Ships. The contract was signed on July 2, 2003 at the prime contractor BAE Systems’ office in Filton, Bristol, UK by Martin Robinson, Head of Procurement, Combat Systems, for BAE Systems and Dave Philip, Lloyd’s Register’s Type 45 Project Manager
Recent orders of classification services for six liquefied natural gas (LNG) ships have resulted in a milestone for Lloyd’s Register: more than 100 LNG ships now exist or are being built to Lloyd’s Register class, which is significant because the new ships (two for Teekay Shipping and four for BP Shipping at Hyundai Heavy Industries) will feature dual-fuel engines, a recent innovation in LNG ship propulsion. Lloyd’s Register currently classes 37% of the LNG fleet worldwide with a total of
Lloyd’s Register has published its ISPS Practical Pack, a guide designed to help owners and operators to meet the requirements of the forthcoming International Ship and Port Facility Security (ISPS) Code. The pack was developed by Lloyd’s Register in conjunction with maritime security expert IDS International Ltd. The ISPS Practical Pack provides a methodology that company security officers can use when conducting ship security assessments and developing ship security plans in accordance with
Lloyd’s Register and Resurgence Software have partnered up, giving Lloyd’s Register rights to jointly market Resurgence Software’s industry leading equipment reliability analysis software system Wave. Wave is a ship equipment reliability analysis software tool that helps ship owners and operators better manage their fleets. It aims to increase revenue through optimization of reliability-related maintenance practice and reliability-related downtime losses
During a ceremony held in Tokyo, Lloyd’s Register was confirmed as the first foreign classification society to be formally authorized by the Japanese government to carry out surveys on ships flying the Japanese flag. Under Japanese legislation, Lloyd’s Register has been designated as a Recognized Organization by the Japanese government and is granted delegated responsibility for statutory surveys and permission to issue statutory certificates.
With the global LNG market forecast expected to double in size over the next decade the industry is showing particular interest in the development of offshore LNG installations, which is believed by some to be a safer way for LNG production, storage and distribution. This new breed of LNG FPSOs (FLNG) will combine gas ship containment and marine systems with onshore type LNG processing equipment and operate in an offshore environment.
The amendments to the Safety of Life at Sea (SOLAS) Convention covering maritime security that come into force on July 1, 2004 have raised concerns within the shipping industry that the parties involved – shipowners, managers, port facilities, flag states and class - will be unable to cope with the workload within the deadline. It is therefore imperative that both classification societies, in their pending capacity
The US Coast Guard (USCG) has authorised Lloyd’s Register to act on its behalf for issuance of the Document of Compliance for US-flagged ships carrying dangerous goods. This authorisation underscores the continuing level of confidence the USCG places in the technical expertise and ability of Lloyd’s Register to verify compliance with safety requirements for US-flagged vessels. ‘Dangerous goods’ are hazardous substances
Lloyd’s Register launched its 2015 Container Certification Scheme today to give a clear and concise set of rules to ensure offshore and onshore containers are safe and certified correctly. Aimed at both manufacturers and operators of equipment in the intermodal industry, the Lloyd’s Register Container Certification Scheme (LRCCS) gives industry the latest requirements for the design
OJSC Magnitogorsk Iron and Steel Works (MMK) supplied 78,000 metric tons of metal products to shipbuilders in 2014, which represents a 37.2% growth year-on-year. MMK supplies up to half of all metal products sold to the Russian shipbuilding industry
Corvus Energy to present hybrid ferry case study with Lloyd’s Register Marine at the Green Ship Technology Conference, March 11 - 12, Copenhagen. At the 2015 Green Ship Technology Conference, March 11 -12 in Copenhagen, Corvus Energy will join Green Ship Technology professionals in
SHIPPINGInsight 2015 to take place October 13-14 in Stamford, Conn. The annual technical symposium, exhibition and networking event for maritime industry professionals in North America, SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, will take place Oct
SeaHow has launched a new product line of skimmers aiming to address the challenges encountered by the oil spill response (OSR) organizations. SeaHow, operator one of northern Europe’s largest fleets of OSR vessels, said that over the 30 years that it has carried out OSR work
The safety of the seafarer and the maritime environment begins with good design, followed by sound construction and efficient operation. Naval architects and engineers involved in the design, construction and operation of maritime vessels and structures can make a significant contribution
Ropax vessel Stena Germanica will soon be converted to a dual-fuel methanol propulsion system at Poland's Remontowa shipyard. The 240-meter-long, 1,500-passenger ferry, which will be converted over a 45-day period from 28 January, 2015
The Stena Line's ferry Stena Germanica will become the world's first ferry to use methanol as a fuel. The 240m, 1,500-passenger, 2001-built ro-pax ship will soon undergo conversions in Poland’s Remontowa shipyard. The aim of the exercise is to drastically cut exhaust emissions
CSAV Tyndall is an 8600 TEU containership built by Daewoo Mangalia Heavy Industries (DMHI) and is part of a series of four containerships delivered to Zodiac Maritime Agencies Ltd. (UK) between 2013 and beginning of 2014. These projects are the biggest containerships ever built in the Black Sea
Silverstream Technologies and Shell announced the sea trial of Silverstream Technologies’ new air lubrication technology for ships, the Silverstream System. The sea trials, independently verified by Lloyds Register Ship Performance Team
Abu Dhabi Ports’ Maritime Training Centre looked back on what it called a successful year, noting a number “success stories” throughout 2014 as the number of trainees at the center increased by 15% in 2014 compared to 2013.
Lloyd’s Register has selected the ITP platform from communications software specialist Aia Software to create and manage its certificate creation process. Selecting ITP is part of a larger project to improve the creation of their complex and technical documentation, LR explained
The Society for Gas as a Marine Fuel (SGMF) released the 1st edition of its LNG Bunkering Safety Guidelines yesterday. The goal of the document is to provide the bunkering industry with best practices in order to ensure that gas-fuelled ships are re-fuelled with high levels of safety, integrity
The Lloyd’s Register (LR) Marine Approved Training Provider Scheme has awarded approval of the Korea Institute of Maritime & Fisheries Technology (KIMFT) training centre and Ice Navigation training courses. The President of KIMFT, Hyung-Taek Jung
SOLAS regulation III/20.8 requires inflatable liferafts to be serviced at intervals not exceeding 12 months. It also requires the servicing to be carried out at an approved servicing station which is competent to service them, maintains proper servicing facilities and uses only properly trained
The Royal Netherlands Navy has adopted Wave International's Wavestream bilge filters for all relevant size craft to ensure compliance with bilge water discharge legal requirements, theUK-based company announced today. Technautic BV of Wormerveer, The Netherlands Wavestream distributor