ABS reports strong performance

ABS has reported a strong performance year at its recent Annual Meeting in New York, USA.

Last year, the ABS-classed fleet expanded to 205.6 million gross t, a growth rate of more than 6% year-on-year. ABS became only the second classification society to surpass the 200 million gross t mark. ABS also maintained a leading position in the global orderbook closing out the year with 38.8 million gross t contracted to class with ABS, 22% of all vessels on order.

ABS Chairman and CEO, Christopher J. Wiernicki said: “Through sound technology investment, a focus on best-in-class service and a commitment to the mission of ABS, the organisation was able to continue its growth across all market segments.”

LNG industry

ABS continued its strong performance in the LNG carrier sector with 27% share of the orderbook, while oil tankers continue to comprise the largest tonnage within the ABS fleet, growing more than 5% year-on-year to 73.8 million gross t, with orders for a further 139 vessels aggregating 6.2 million gross t.

ABS also continued its strong performance in the floating, production, storage and offloading (FPSO) vessel market sector, and closed out 2013 with 42% of the existing FPSOs and 39% of newbuilds.

Adapted from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/lng-shipping/30042014/abs_reports_strong_performance_in_lng_carrier_sector_507/