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
The IMO’s Carriage of Cargo and Containers (CCC) Sub-Committee has published circular CCC.1/Circ.2 on Carriage of Bauxite that may Liquefy. This urges ship Masters not to accept bauxite for carriage unless: the moisture limit for the cargo to be loaded is certified as less
Hyundai Heavy Industries (HHI) has signed an MOU with General Electric Company (GE) to cooperate for the development of GOGES (COmbined Gas turbine Electric and Steam) package for LNG carriers and containerships. The MOU signing ceremony was attended by Choi Kil-seon
Applied Weather Technology, Inc. (AWT), a StormGeo Company, announced it has earned approval of certification to international Quality Management System Standard ISO 9001:2008 by Lloyd’s Register Quality Assurance (LRQA). AWT’s documented quality management system is now certified by
The newly developed waste heat recovery system "Hydrocurrent Organic Rankine Cycle (ORC) Module 125EJW" 1 by MHI Marine Machinery & Engine Co., Ltd. (President: Kazuo Soma, Head Office: Nagasaki) has begun operation on the vessel named Arnold Maersk belonging to Maersk Line.
For twelve years the International Maritime Human Element Bulletin Alert! has been regularly published, its mission being to raise awareness of human element issues. Ship designers, builders, managers and operators have all been given plenty to think about around the way that
GE Marine and GE Oil & Gas announced that the marine module package design for its LM6000PG aeroderivative gas turbine has been certified by Lloyd’s Register and RINA Services (RINA). The test where the LM6000PG module effortlessly achieved 42 megawatts (MW) was conducted at the GE Oil
Lloyd's Register (LR) is working on resuming services to verify safety and environmental standards for Iranian shipping companies, the ship classification society said on Monday. Without verification from such bodies, ships are unable to call at international ports or secure insurance.
The Mehr News Agency reports that the British Lloyd's Register Group has canceled one sanction against Iran’s oil industry by issuing certificates for commute of Iranian oil tankers to the ports and oil terminals of European Union.
Press release - Sailors’ Society is encouraging supporters to be a #HatHero this Woolly Hat Week to raise awareness of the challenges seafarers face daily and to help seafarers in need. Sponsored by Lloyd’s Register, this Woolly Hat Week will be held February 14-21
Lloyd’s Register (LR), world’s leading engineering, technical and business services organization announced today that it has been appointed by LAUGFS Gas PLC (LAUGFS) to handle key safety and quality checks of the LPG terminal at Hambantota Port
Sea trials aboard Greenland, the world’s first LNG-fuelled short-sea dry bulk vessel, have validated the performance of Thordon Bearings COMPAC propeller shaft solution, indicating that seawater-lubricated bearing systems are applicable to all ship types and are definitely here to stay.
Common Structural Rules Software LLC, (CSRS) a joint venture company formed by Lloyd's Register (LR) and ABS, has released new software tools for meeting the requirements of the IACS Common Structural Rules (CSR), which entered into force on 1 July 2015.
The MET Hybrid Turbocharger from Mitsubishi Heavy Industries Marine Machinery & Engine Co. Ltd. (MHI-MME) uses a motor generator system and power electronics developed by Calnetix Technologies. The Japan Machinery Foundation presented its President’s Award to MHI-MME for the
The Sustainable Shipping Initiative (SSI) is calling on the wider industry to embrace new finance models to fund clean tech upgrades and back calls for a new international framework for tackling shipping emissions. SSI has announced the release of the organization's latest annual
Lloyd's Register (LR) and the UK P&I Club have released a Life-Saving Appliances pocket checklist app to help ensure that ship personnel are trained in how to inspect, maintain and operate life-saving equipment, and that equipment is ready for use at all times