It probably won't take long for the merger between Det Norske Veritas (DNV) and German Germanisher Lloyd to become a reality, thus creating what is said to be the world's largest certification bureau. The process of securing final approval is currently in a phase where the two companies are receiving questions from competitive authorities in the United States, Europe, China, and Korea, the countries in which the merger has been sent to review, says Henrik O. Madsen, CEO of DNV, to ShippingWatch.
"What we've heard so far has been very allright. We didn't get it done this summer. August is the summer vacation, so we're aiming for an approval by October 1st."