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
Trailing suction hopper dredger (TSHD) Magdalen was launched on March 31, 2017 at Eastern Shipbuilding Group’s (ESG) Allanton facility in Panama City, Fla. The 356’ twin screw dredger is being constructed for the U.S.’s second largest dredging contractor, Weeks Marine Inc
Lloyd's Register has won an inspection contract with Bumi Armada Berhad for its Armada Olombendo FPSO. The contract agreement provides Bumi Armada with access to Lloyd’s Register’s risk-based inspection services and technical software which will help to develop quantifiable
Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of
Even on large vessels, machinery spaces tend to be cramped and have reduced accessibility. Knowing this, FCI Watermakers offers its high-efficiency Neptune+ Series in a convenient, modular configuration for a wide variety of flexible installations
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.” Carnival Vista - New, Largest Flagship of Carnival Cruise Lines
Construction on China’s new state-of-the-art polar research ship is underway at Jiangnan Shipyard in Shanghai, China, with delivery scheduled for 2019. In 2012, the Polar Research Institute of China (PRIC) awarded a contract for the concept and basic design of the research
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.” Polaris - World’s First LNG-Powered Icebreaker
The joint proposal to applicate risk based EMC regulations has been accepted and will be implemented January 2017. The intention of this proposal is to reduce EMC related costs by applying a risk based approach combined with smart installation methods
Aegean Shipping Management S.A. announces the appointment of Apostolos Poulovassilis as Chief Executive Officer with immediate effect. Mr. Poulovassilis joins the company at an important point in its development, with the upgrade of its tanker fleet in full progress with a clear focus on
Roxtec Services AB has been audited by the classification society Lloyd’s Register and has received an official approval for inspection and maintenance services of cable and pipe transits. This approval sets new standards for long-term safety at sea.
Space is a precious commodity on any vessel, even a large one. Making its debut at the Miami International Boat Show, FCI Watermakers' new Atlas+APC is compact, yet produces 1,400-3,600 gallons of potable water per day and is fully automatic in its operation
Subsea 7’s newest heavy construction flexlay vessel, Seven Arctic, has been designed and built to Lloyd’s Register (LR) class. Designed to meet the demands of deepwater and harsh environments, she can work at depths of 3,000m and features three offshore cranes
Danish manufacturer of oil mist and gas leakage detection systems Daspos A/S has opened its new Daspos International, Inc. office in the greater Seattle area to service the maritime industry. Daspos manufactures and markets the patented LAS-10 oil mist and gas leakage detection system for
Ecochlor has announced it has filed an application with the USCG for Type Approval for their Ballast Water Treatment System (BWTS). Due to a far more stringent set of guidelines, type approval has only been granted to three other BWT Systems worldwide
Lloyd’s Register invests in ship management software provider Hanseaticsoft in move to build a marine and offshore Industry 4.0 Lloyd’s Register (LR) said it has made a significant investment in Hamburg-based ship management software provider Hanseaticsoft.