LR Asia, China Classification Sign Joint Venture

Tuesday, September 06, 2005
Lloyd’s Register Asia signed an agreement to establish a joint venture with China Classification Society (CCS). The exclusive agreement was signed by David Moorhouse, Executive Chairman of Lloyd’s Register, and Li Kejun, President of CCS.

The joint venture, to be based in Beijing, will enable the rapid roll out of a number of key products and services to the benefit of the maritime industry in China.

Lloyd’s Register Asia is keen to introduce more of its established products and services into China, while CCS has a large Chinese client base and wishes to widen its portfolio. The agreement will make it possible for both parties to introduce relevant products and services, in Chinese, in a much shorter time than would otherwise be the case.

“The Chinese-owned classed fleet, now standing at 26 million gt, is set for continuous growth,” says Moorhouse. “For instance, 15% of oil imports into China are currently shipped on Chinese-owned vessels, but targets have been set to increase this volume to 50% by the year 2015. This joint venture will extensively widen the scope of technical services available to the Chinese maritime community. ”

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption

Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0794 sec (13 req/sec)