Indian Register of Shipping celebrates its key achievements of 2017 - Maintains a cautiously optimistic outlook for 2018

Posted by Daily Shipping Times on 08-01-2018        Tweet

MUMBAI: Continuing its growth trajectory, Indian Register of Shipping has concluded 2017 on a successful note with increased class fleet, growing global recognition, improved geographical presence and strengthened its capabilities through several new initiatives.

Fleet Growth

In line with its performance year after year, the classed fleet has grown 5.3% in numbers and 4.8% in tonnage terms. In the last three years IRClass’ classed fleet has grown from 10.89 to 12.70 Million GT. Given the prevailing stressed maritime environment, this consistent growth is heartening.

Geographical Presence

IRClass has expanded its presence in countries including Turkey, Malta, Rotterdam, Indonesia, Malaysia and Bangladesh to service the growing needs of customers and provide them with quicker access to services.

Flag Recognition

IRClass today is recognised by 39 flag states globally which together represent approximately 55% of the world’s tonnage. Key flag states like US Coast Guard and Malta were added this year apart from others like Latvia, Thailand, Antigua & Barbuda, Cook Islands and Bangladesh.

EU MRV & EU MarED Authorisations

From the European Union, IRClass received two key authorisations

•             Accreditation for EU MRV (Monitoring Reporting and Verification) services by RvA

•             Authorisation from European Union Maritime Equipment Directive (EU MarED).

These authorisations enhance IRClass’ profile as a leading global classification society and as a credible voice of the industry.

Rules for LNG Fuelled Coastal & Inland Vessels

IRClass has developed Rules for LNG Fuelled Coastal and Inland vessels. These Rules will help the maritime stakeholders to promote environment friendly fuels for Coastal as well as Inland vessels.

Electronic Certificates

IRClass has commenced issuance of electronic certificates and has received authorisation from Liberia, Marshall Islands and a few other flags.

Supporting the industry in complying with ballast water convention requirements

IRClass published comprehensive guidelines to assist ship owners, operators and shipyards in understanding the BWM Convention and the steps to be taken for ensuring compliance.

Indian Register of Shipping’s training arm, IRClass Academy, in association with the Singapore Nautical Institute, delivered a training course on Ballast Water Management in Singapore in March 2017, and is looking to organize more of such courses in 2018.

IRClass Academy – Training Catalogue & Calendar

IRClass Academy released a comprehensive catalogue for 2017-18 covering 50 courses that cater exclusively to the maritime sector and successfully conducted several courses throughout the year.

Stakeholder Interaction – Advisory Committees

Throughout the year IRClass has engaged with stakeholders by way of interaction through its Advisory Committees in UAE, Singapore, Sri Lanka and India. Members of these advisory committees, who are senior maritime professionals, have provided valuable contributions and inputs to help develop new services and improve service delivery.

Customer Meet in Mumbai, Bangkok

IRClass hosted a customer meet in Mumbai in February 2017 which was well attended by the shipping and maritime fraternity. It also hosted a customer meeting in Bangkok, Thailand as part of its efforts to increase its commitment to the Southeast Asia region. The meet was well-attended by locally-based ship owners and senior representatives from Thai Administration.

Largest dredger built to IRClass delivered in Europe

The biggest dredger built under IRClass so far and the first dredger to be assigned with dredging freeboard as per Guidelines for Assignment of Reduced Freeboards for Dredgers, DR-68 at the time of delivery.

Looking ahead in 2018

During the cornerstone event of Singapore Maritime Week, Sea Asia 2017 in April 2017, IRClass announced the opening of a new office in Malaysia, and gained authorisation as a RO from Thailand.

With its regional office in Singapore, IRClass aims to gain RO status from Singapore as well as from key ASEAN countries like Indonesia and Philippines.

Outlook for 2018

Digitalisation, Big Data, Cyber security, LNG fuelled vessels, Vessel Performance Management are amongst the key areas of focus for IRClass in 2018.

Though the shipping markets have been depressed for a considerable period, some indications of an upturn are being seen.