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IRCLASS REGISTERS STEADY GROWTH

Friday, January 4, 2019 

The Indian Register of Shipping (IRClass) continues to record steady growth in its classed fleet, flag recognition and geographical presence, mirroring the shipping industry’s ongoing recovery.

With tankers and bulk carriers continuing to dominate IRClass’s tonnage, the classed fleet has grown more than 4% in the past year, with the foreign flag fleet seeing a particularly impressive growth of 22% which is 16% in tonnage terms and indicative of strong overseas growth.

IRClass is now recognised by 41 flag states globally, seeing recent additions in 2018 from the Netherlands, Vietnam, Jordan and Bahrain.

In 2018, IRClass introduced computational fluid dynamics (CFD) analysis as part of its shipbuilding services which is another instance where efficiencies in ship design are unlocked through software sophistication, creating added value.

With a view to develop inland waterways usage in India, rules for inland waterways oil tankers, chemical tankers, liquefied gas carriers and passenger ships have been developed. And to promote environmentally friendly fuels in shipping, IRClass published Guidelines for Methanol fuelled ships.

While the classification society’s primary focus remains to enhance its classed fleet and improve its service offerings, 2019 will be a year where IRClass will be focusing more on the emergence of new trends, delivering value to its customers through digitalisation, as well as further strengthening its footprint in Europe, Asia Pacific and the Middle East.

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