Lloyd's List is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Korean Register fleet hits record high

THE Korean Register of Shipping has seen its classed fleet hit an all-time high of 30m gt, a figure it predicts will hit 40m gt by 2010 when it celebrates the 50th anniversary of its foundation. Much of the growth - which represents a 4m gt surge on last year’s tally - has been driven largely by the current buoyancy of the newbuilding market, with a wide range of vessel types being built to the International Association of Classification Society member’s rules. Korean Register Chief Executive Oh Kong-gyun said: “We’ve been focusing on international growth and the Chinese market has been a particular target. We’ve expanded our resources in China to provide a wide range of technical support to the local shipyards and opened two additional Chinese branch offices in Nanjing and Ningbo. As a result, of the 143 new KR-classed vessels being built outside Korea, 69 are to be built in China.” Recent clients include Greek owner Danaos Shipping, which is classing three 10,000 teu containerships with KR, and Sinochem Shipping, which will class four chemtanker newbuildings with the society. Mr Oh added that an increasing number of Norwegian, Japanese and Turkish owners are also requesting newbuilding classification surveys from the Korean Register. KR continues to develop its range of services, technical expertise and global reach into 2008. Plans are in place to extend its international network in Mumbai, Durban, New Orleans, Taipei and Tianjin, bringing its total number of branch offices to over 50. It also has plans to establish regional head offices in China and Europe later this year.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

LL076392

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel