Lloyd’s Register doubles up on newbuildings

During 2013 Lloyd’s Register saw its share of newbuildings double within a period of just a few months. The increase came as major competitor DNV joined forces with GL and at the same time as a market  rebound for new orders.

The big British classification and consulting company Lloyd’s Register does not seem to be feeling any immediate effects of the merger between its two major competitors DNV and GL last year. At least not when looking solely at the number of orders for vessel newbuildings. Here, the effect - to the extent that there has been any effect at all – is rather the opposite, namely that Lloyd’s Register (LR) has experienced a significant growth in the amount of orders in 2013 and into 2014.

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