Page 41: of Maritime Logistics Professional Magazine (Q4 2011)

www.maritimeprofessional.com Maritime Professional 41 Lloyd?s Register may be the original classification society, but today it is the most diversified. Number two in fleet size, it also has the largest network of surveyors and offices world- wide. Lloyd?s Register?s breadth of capability is demonstrat- ed by its large market share of all ship types. And it is signif- icant that the two ship type segments where it is clearly the leading society ? in LNG and in cruise ships ? are the two sectors where safety, risk management, environmental per- formance (and comfort) are most valued. Lloyd?s Register also prizes its independence. Free from vested interests or national self-interest and concerns, Lloyd?s Register is impartial and apolitical. As a charity, all surpluses made are not paid out as dividends to shareholders but are invested back into the business ? supporting training, educa- tion, research and development. LR?S BALANCE: PROFITS, ENVIRONMENTAL PROTECTION AND SERVING SOCIETY The core competency of class, the design approval and the surveying of ships, is now more competitive than ever. Class is needed more than ever both for the nuts and bolts of sur- veying but in a more globally competitive world, while stan- dards have risen across the board, some clients are always looking for more. Where Lloyd?s Register seeks to stand apart is in providing expertise and leadership in rules and standards development, research, innovation, failure investigation and many more areas of specialist marine and offshore expertise. Such expertise is vital in dealing with the big issue of our times ? business sustainability: finding the right balance between profitability, environmental protection and serving society. The leading sustainability issues are the rising price of fueland questions over how best to comply with new emissions regulations and comprise much of the work and focus for Lloyd?s Register, today. Tom Boardley, Lloyd?s Register?s Marine Director, says, ?One area where we really do provide more to the industry is support, research, guidance and ourpractical services in helping with the fuel and efficiency chal- lenge.? Boardley says that there are many competing technologies and life is tough for owners now, ?How do you decide what to do? Most deep sea ships, both in the water and under con- struction were designed in a much cheaper fuel oil price envi- ronment ? nearer $100 a ton than today?s $600 - $700 price range.? ?We have for a number of years talked of a paradigm shift CLASSIFICATION SOCIETIES LRManaging Risk and Addressing Environmental Change MP #4 (34-49):MP Layouts 11/8/2011 2:05 PM Page 41