Lloyd's Register

LR is delighted to announce it has completed the acquisition of Ocean Technologies Group (OTG), a leading trusted provider of human capital management and operational software dedicated to the global maritime industry. This follows the acquisition of Lloyd's Register OneOcean in 2022, and the purchase of a 50% stake in ISF Watchkeeper in 2023. LR is now poised to deliver value, enhance safety and drive sustainable growth for clients and the sector as a whole. LR CEO Nicholas Brown and OTG CEO Thomas Zanzinger explain more about the benefits for our clients in the video below. Find out more: https://loom.ly/nSoK_28 #EnergyTransition #Digitalisation

Next week at the Lloyd's List Outlook Forum in London, Nicholas Brown, LR CEO, will take part in the headline panel discussion focused on the opportunities and challenges that lie ahead for the industry in 2025 and beyond. Find out more and register here: https://loom.ly/Iy6hC-8

In our latest issue of Horizons, we speak to P&O Ferries about its transformational journey towards decarbonisation, including its efforts to modernise its vessels, improve its fleet efficiency and invest in its people. Read more: https://loom.ly/lFZYNvY #LRHorizons

LR recently awarded approval in principle to GTT (Gaztransport & Technigaz) for its innovative 200,000 m³ LNG carrier design featuring three cargo tanks and slow-steaming navigation. In this article, Panos Mitrou, LR's Global Gas Segment Director, explains LR's assessment process for evaluating this design and discusses the environmental and operational benefits. Read more: https://loom.ly/8SA5fYk #LNG #Innovation

This week, we celebrated the launch of our new LR Maritime Innovation Centre (MIC) in Korea, attended by a number of Korean shipyard CTOs. Pictured at the opening event: Philippa Charlton, LR CMO and Sung-Gu Park, LR’s North East Asia President.  The centre aims to increase knowledge sharing and collaboration amongst young maritime professionals, enabling young engineers to support innovation for the industry's sustainable growth. #Korea #Maritime #Innovation

Finance, shipping and government sectors joined an LR Maritime Decarbonisation Hub and Environmental Defense Fund co-hosted workshop on Sustainable Finance for Shipping’s Decarbonisation earlier this week. The in-person event brought together key stakeholders to discuss solutions and ideas for accelerating sustainable finance to drive shipping's decarbonisation. Key themes discussed included unlocking finance for energy saving technologies and retrofits; accelerating finance for shipping's decarbonisation; and, unlocking financing to support adoption of e-fuels in shipping. Diverse perspectives and expertise were shared by MARINE CAPITAL, A.P. Moller - Maersk, Marsh Specialty, Stephenson Harwood LLP, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, United Nations Global Compact, among others. Sanne Frías Henriksen Haris Zografakis Theodore Talbot Leslie Kurshan Suzanne Johnson Dana Rodriguez Guillaume Morauw Ahila Karan Carlo Raucci, Charlie McKinlay Angie Farrag-Thibault Natacha Stamatiou Nicki Harrison https://loom.ly/53LBscA #EnergyTransition #SustainableFinance #GreenShipping

The Autumn 2024 edition of our Future IMO and ILO Legislation document is now available, providing an overview of upcoming changes to mandatory statutory requirements from the IMO and ILO. Notable items included are the upcoming entry into force of the Hong Kong Convention and the ongoing development of measures to improve the efficiency of ships and reduce their greenhouse gas intensity. Download here: https://loom.ly/mJgsA5s #Maritime #Regulation

Last week at The Motorship Propulsion & Future Fuels Conference in Hamburg, Dr Muhammad Usman, LR's Product Manager for Fuel Advisory, discussed the operational challenges of using biofuels, including unconventional biogenic material being used to manufacture 'unestablished' biofuel blends. #Biofuels #EnergyTransition #MotorshipPFF

Sanlorenzo Yacht’s Almax 50Steel is the first superyacht equipped with a green methanol-powered fuel cell, achieving a three-star rating from the SEA Index Superyacht Eco Association, certified by LR. In this article, Chris Craddock, LR's Performance, Design and Environment Manager, highlights the importance of third-party certification in driving transparency and accountability, and discusses the emerging technologies that could shape the future of yachting. Read more: https://loom.ly/UNRuzjE #Superyacht #Methanol #EnergyTransition

Sotirios Skoupas, LR Lead Client Relationship Manager, provided an overview of LR's framework for de-risking wind-assisted propulsion system investments and discussed the latest regulatory developments and classification requirements at the SNAME Greek Section Wind Propulsion for Ships Workshop in Athens last week. #Greece #Maritime #EnergyTransition #Windpower