DNV GL notes signs of improvements in shipping

Classification major DNV GL finished last year with a flat development in revenue. But in the last couple of months in particular, the shipping and newbuild market has performed better for the company, CFO Thomas Vogth-Eriksen tells ShippingWatch.

Thomas Vogth-Eriksen, finansdirektør for klassifikationsselskabet DNV GL. Photo: PR/DNV GL

There are improvements emerging in shipping, where the newbuild market in particular has shown growth compared to the last couple of years, according to major classification bureau DNV GL, where the maritime sector accounts for a vast majority of the business.

In recent years, this business unit has been challenging to the classification bureau, which has significant activities in classification, verification and ship inspections – because shipowners have overall been less willing to place orders for new ships.

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