Over the past three months, V.Ships, the world's largest ship management company, has undertaken a comprehensive review and evaluation of the way in which its fleet and offices are audited for compliance with the ISM and ISO standards. The review was all the more significant as shortly all vessels will need to be audited to meet the new ISPS Code requirements, with all that that entails in terms of further costs and additional management time. Nigel Adams, Head of Risk Management at V.Ships, comments that DNV had traditionally provided these services to the Group and had done an excellent job over the past 10 years. "We consulted owners who were getting increasingly concerned over the cost implications of all the new requirements and for V.Ships…