Technology Advice News

A focus on safety, service quality and the ability to provide leading-edge technology advice and solutions have contributed to the strong half-year performance for Det Norske Veritas Group AS (DNV). Revenues amounted to NOK 6,665 million and DNV strengthened its global position in all its key areas. While the industries served by DNV experience cyclical markets and are sensitive to global economic developments, DNV’s financial performance remains robust. The DNV Group achieved a strong first half-year performance, with nominal revenue growth of 13% over prior year to NOK 6,665 million. Organic growth was 5%. Maritime and Oil & Gas delivered robust organic growth rates, primarily due to DNV’s classification and verification services.

DNV said its continued focus on safety and service quality and the ability to provide leading-edge technology advice and solutions contributed to its market and financial performance in 2012. The company reported that revenues increased by 27% compared to 2011, and DNV strengthened its global position in all its key areas: maritime, oil and gas, energy and sustainability and business assurance. DNV Group CEO Henrik O. Madsen said 2012 can be characterised as “a year of financial…

The U.S. Army Corps of Engineers has "made good progress" in broadening a study of possible navigation improvements on the Upper Mississippi River-Illinois Waterway system to give greater consideration to ecological restoration, says a new report from the National Academies' National Research Council. However, because of flaws in the models used in the study to predict demand for barge transportation, the economic justification for expanding locks on the rivers has not yet been demonstrated, the report says. And little attention has been paid to inexpensive, nonstructural navigation improvements that could ease current barge traffic. "The Corps should be commended for expanding the scope of its study, but changes are still needed to make the study fully credible," said John J.