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
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
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.
Inspectors of Lloyd’s Register are optimising inspection regimes thanks to their accredited status using the OVID web based inspection tool to reference inspection reports. “OVID has been designed to provide a number of positive benefits to Oil Companies International Marine Forum
Classification society Lloyd's Register has bestowed the "ECO Notation" designation on the new Carnival Vista, marking the first Carnival Cruise Line ship to achieve this distinction. The notation recognizes that the cruise line designed
ExxonMobil introduced its second independently accredited mass flow metering system (MFMS) in Hong Kong onboard the bunker vessel, Anelly. It follows the introduction of the first independently accredited MFMS in Hong Kong fitted on the barge, Anshing
Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced. Brown will take up the post from November 2, 2016, replacing Philippe Boisson, who will retire after more than 25 years in the role
In OOCL’s commitment to environmental protection and data integrity standards, we are pleased to announce that OOCL has taken a further step forward in our Greenhouse Gas (GHG) reporting by extending the scope to container terminals, namely Long Beach Container Terminal, LLC
The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation, Technology User and Research
Carnival Corporation & plc, DNV GL, ENGIE, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä are among firms that are part of a new cross-industry initiative called SEA\LNG
New guidance provides the route to classification with six levels for autonomous ships Lloyd’s Register (LR) has set out the ‘how’ of marine autonomous operations in a new ShipRight procedure guidance, which describes autonomy levels (AL) ranging from 'AL 1' through to
Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it has extended rig integrity support for the Deepwater Invictus drilling rig
The 127,500dwt Solitaire has completed some of the most challenging projects in which heavy pipe has been laid in very deep waters. Originally built in Japan as a mini-Capesize bulk carrier, the Lloyd’s Register-classed vessel was converted to lay pipe in 1998
For many in shipping, the Brexit was unexpected. Many believe that Brexit’s impact on the shipping industry will be more or less neutral. The UK Chamber of Shipping remained neutral on the question of Britain's departure during the runup to the vote.
Lloyd’s Register has recently re-appraised its guidance on locations where an In-Water Survey may be carried out. Traditionally, these locations were known as ‘Approved Locations’, and while an In-Water Survey could be carried out at a proposed location outside of these
Strengthening its policy and regulatory affairs team, the International Marine Contractors Association (IMCA) has appointed John Bradshaw as Policy and Regulatory Affairs Manager to lead on worldwide policy and legislative issues, with responsibility for developing and delivering the international
Rapido Gee, a 42m steel monohull utility vessel, has been delivered and is currently in transit to the Middle East. The vessel will be operated by Rashied Marine Services in the service of offshore platforms. Designed by Incat Crowther and built by Strategic Marine
The Liberian Registry, in partnership with Prevention at Sea Ltd, a Cyprus-based maritime compliance technology company, has launched an innovative software product designed to replace traditional paper oil record books (ORBs) and to facilitate correct ORB entries into an efficient electronic