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ABS nets 31% of LNG carrier orderbook

LNG Industry,

Classification services provider ABS has reviewed its achievements in 2014 at its annual meeting in New York.

Last year, the ABS-classed fleet grew by more than 7% y/y to 221 million gross t. The classification society captured more than 31% of the LNG carrier orderbook and 23% of the very large LPG carriers on order.

Commenting on a year of innovations and milestone achievements, Chairman and CEO, Christopher J. Wiernicki, said: "2014 was a year of firsts and excellence in performance for ABS. We achieved the goals we set for ourselves and secured the largest orderbook share in gross tons by focusing on quality, operational excellence in service delivery and targeted investment."

In the offshore market, ABS was active in both the global shallow water and deepwater market sectors building on its relationships with shipyards, suppliers, operators and drilling contractors.

Wiernicki concluded: "ABS is proactively defining this new reality by evolving service delivery and the survey experience. Our vision for ‘FutureClass’ will be characterised as more condition-based, continuous and risk driven."

Adapted from press release by Katie Woodward

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