Lloyd's Register Acquires India's Reltech Consulting

(Press Release)
Thursday, July 05, 2012

Lloyd’s Register has acquired the business and principal assets of the Mumbai-based nuclear risk specialists, Reltech Consulting (Reltech), in a move designed to further strengthen its historic presence in the Indian energy sector.
 
The business and assets of Reltech, which provides safety-management services to a multinational civil nuclear client base, have been transferred to the newly formed LR Scandpower Risk Consultancy Pvt. Ltd., completing another major step in the strategic expansion of Lloyd’s Register’s global nuclear business.
 
Scandpower AS, which provides independent technical risk services to the energy and transport industries, was purchased by Lloyd’s Register in 2009.
 
“This is an important acquisition for Scandpower in that it greatly strengthens our presence in India, one of the world’s fastest growing markets for nuclear power,” said Bjorn Inge Bakken, Chief Executive of the Scandpower Group. “We have a long history of activity in India, where all existing nuclear power plants and regulators already use our RiskSpectrum software. Building a stronger local presence gives us the additional manpower and technical resources we need to serve the expanding Indian market and our global nuclear clients.”
 
India has very ambitious plans for its nuclear power sector; its national energy plan calls for the electricity-generating capacity of the nuclear sector to increase its market-share to 25% from the current 2.9% in the next two decades.
 
Reltech was formed in 2005 with the primary goal of establishing the first consultancy in India capable of providing probabilistic safety assessments to international standards. LR Scandpower Risk Consultancy, set up in May, will be led by Devi Kompella, Reltech’s former Managing Director, who has more than 20 years experience in the industry.
 
“The Indian civil nuclear industry is poised to take a big leap forward and many opportunities are opening up. While Reltech was already established as a quality service provider, as a relatively small company, we faced the regular limitations to our growth. So I felt it imperative to join an established organisation with a global presence and resources,” said Ms Kompella.
 
“My association with Scandpower started in the late 90s, so I am well aware of their commanding market position and ambitious vision,” she said. “I have personally experienced their great warmth and work culture. Lloyd’s Register has been a renowned brand for some 250 years so, when the opportunity came, there was no looking back. In fact, I am now looking forward to working with my new colleagues and making our branch a hub for nuclear safety activities in India.”
 
While India is an emerging market, Bakken said it held great potential as a recruiting hub for highly educated nuclear consultants. It also has strong business relations with emerging nuclear countries in the Middle East, another important region for Scandpower’s global nuclear strategy.
 
The company’s RiskSpectrum software is used outside the nuclear sector, including in the oil and gas industry where drilling firms are excited about its potential to provide real-time assessments of safety-critical equipment on their rigs.
 
Bakken said the new company would be used as a stepping stone to expand Scandpower’s risk-management consultancy services to India’s growing oil and gas sector.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Contracts

Scottish Sea Farms Orders Newbuilds

Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel

Kvaerner in Statoil Unmanned Platform Project

Kvaerner say that Statoil has awarded it a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project.

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

Energy

LNG Transport Barge Design Approved by ABS

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

China Appeals WTO Ruling on US Solar Panel Dispute

China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday.

Marine Power

Mexican Navy Delegation Visits NSSA

The U.S. Navy reported that its Norfolk Ship Support Activity (NSSA) welcomed the Mexican Navy Delegation to Building CEP-200, Naval Station Norfolk, Aug. 21 for

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

MARAD: Total Fuel Cycle Study for Natural Gas

The Maritime Administration (MARAD) released a study that evaluates total fuel cycle emissions for natural gas versus conventional marine fuels. Results showed

Classification Societies

Bureau Veritas to Class, Certify FPSOs for Saipem

Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

BIMCO notes that the highly acclaimed "Double Jeopardy - trial by media, trial by law" first showcased at the BIMCO AGM in Dubai earlier this year is to be brought

RS to Exhibit at SMM 2014

Russian Maritime Register of Shipping (RS) announced it will exhibit at Shipbuilding, Machinery and Marine Technology (SMM) International Trade Fair September 9-12, 2014 in Hamburg, Germany.

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1518 sec (7 req/sec)