Reklam
Reklam
Reklam
Reklam
Reklam

World's biggest ship classification society formed in DNV-GL merger

THE world's largest classification society to the maritime industry has been formed with the merger of Det Norske Veritas (DNV) of Norway and Germanischer Lloyd (GL) of Germany after receiving antitrust approval for the merger.

World's biggest ship classification society formed in DNV-GL merger
16 September 2013 - 21:18

World's biggest ship classification society formed in DNV-GL merger

THE world's largest classification society to the maritime industry has been formed with the merger of Det Norske Veritas (DNV) of Norway and Germanischer Lloyd (GL) of Germany after receiving antitrust approval for the merger.

The new company - DNV GL Group - started operations on September 12 after both got the go ahead from China by following the European Union, the US and South Korea in approving the merger, which they announced in December. DNV will own 63.5 per cent of the new company with the remainder held by GL's owner Mayfair.

DNV GL will provide technical assurance and risk management services to the oil and gas industry and a leading expert in wind and power transmission and distribution. The new company overtakes Japan's Nippon Kaiji Kyokai, known as ClassNK, as the world's biggest classification society, with a customer base of almost 70,000 ships totalling 353 million deadweight tonnes.

DNV GL, which has an annual revenue of US$3.3 billion and employs 17,000 in 100 countries, will be headquartered in Oslo. Its marine operations unit will be based in Hamburg.

Said DNV GL Group CEO Henrik Madsen: "In today's risk-sensitive environment, a company's failure to manage risk properly may lead to adverse events, loss of life, damage to the environment or critical business consequences, putting trust and credibility at risk. I firmly believe that DNV GL will be in a stronger position to help companies manage their challenges in the new risk reality and enable them to advance the safety and sustainability of their operations."

This news 10625 hits received.

COMMENTS

  • 0 Comment