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
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
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.
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
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
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
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.
Lloyd’s Register, in conjunction with Intelligent Engineering, Ltd, has developed a set of provisional Rules for new construction and ship repair using steel sandwich construction. Entitled Provisional Rules for the Application of Sandwich Panel Construction to Ship Structure, the Rules were approved in early 2006 by a specially convened sub-committee of Lloyd’s Register’s Technical Committee, comprising independent experts drawn from across the industry.
Lloyd’s Register has announced the appointment of Chris Finlayson, Chief Executive of BG Group plc, and Ellis Armstrong, ex-CFO of E&P at BP plc, as Non-executive Directors on the board of Lloyd’s Register Group Ltd. Lloyd’s Register Group Ltd (LR) is the wholly-owned
Lloyd’s Register releases new Rules, Class Notation and Guidance Notes for ‘Wind Turbine Installation and Maintenance Vessels and Liftboats’ to reflect industry best practice and new novel designs. The new Rules form part of the wider Mobile Offshore Unit Rule set 2013
Lloyd’s Register published a rule set to guide the design, construction and operation of floating liquefied natural gas (FLNG) facilities – the biggest, most complex floating structures ever seen – meaning natural gas will now be safer
Lloyd’s Register’s BoxMax service, and accompanying notations, aims to enable operators to load more cargo more flexiblyvby increasing and optimizing container stack weights, taking into account voyage (V) and weather (W) specific conditions.
Lloyd's Register North America will hold the “Essential Dry-Docking” Marine training course from June 18-20, 2013 at the Lloyd's Register office in Plantation, Fla. near Ft. Lauderdale. The three-day course will provide the essential information needed to successfully prepare, plan
Lloyd's Register, an independent quality and risk assurance firm, highlighted the momentum seen by the company in India. Mark Stokes - Group Communications Director for Lloyd's Register and R.S. Sharma - Chairman shared the overall progress the company has made in India
The 20th BC Tugboat Industry Conference was held May 23-25, 2013 in Victoria, BC. According to BC Shipping News, in addition to a retrospective of the industry – including presentations from Allan Fowlis (retired, Seaspan) who gave personal insights into the industry in its characters
ITF (Industry Technology Facilitator) welcomes to its ranks Lloyds Register, the world's oldest certification authority. ITF, the technology facilitator for the global oil and gas industry, is a not-for-profit organisation owned by 30 international oil and gas operator and service companies
UK P&I Club, Lloyd's Register and Intercargo have produced a pocket guide & checklist for ship's officer and agents who arrange cargoes for loading. The P&I Club explains that when bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures
Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd
When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive. Ships may capsize, lose stability or sustain severe structural damage. Such happenings enhance the risks and occurrence of death, injury, insurance claims
Two new Rule-sets approved at the first Offshore Technical Committee (OTC) held at LR's Global Technology Centre in Singapore. Lloyd's Register say that these two new rule-sets will be made public later this month (May 2013). The Floating Offshore Installations at a Fixed Location 2013 Rules and
Lloyd’s Register’s Global Technology Center in Singapore held its inaugural Offshore Technical Committee last week with representatives from national and international oil companies, EPC contractors, owners, operators, fabricators, shipbuilders
Tests by Parat Halvorsen on oil spill response equipment (OSR) for offshore supply vessels reveal significant deficiencies with systems using hot water coils. Norway's Parat Halvorsen undertook a series of trials after a number of lower cost hot water coil alternatives came on the market the
Lloyd’s Register offers in-depth knowledge of the role and responsibilities of the DPA. Attendees of this course will gain the knowledge and skills required by the IMO MSC-MEPC7 / circ.6 (October 19, 2007). The two-day course was designed to provide the knowledge and skills required in