Bureau Veritas classed fleet passes 100 million gross tons

Neuilly-sur-Seine, France, September 5, 2014

Strong growth in the numbers of ships being transferred into BV class has pushed the Bureau Veritas classed fleet past the 100 million gross tonnes milestone.

At the end of the first half of 2014 Bureau Veritas classed 10,700 ships totalling over 100 million gross tonnes.

Philippe Donche-Gay, Executive Vice President and Head of Bureau Veritas's Marine & Offshore Division says, "Our classed fleet has doubled in size over the last eight years and it is gratifying that the growth is coming from clients who experience and recognise both our technical leadership and our responsiveness. In addition to newbuildings joining the fleet we are seeing increasing transfers of fleets of modern vessels to BV class."

The classed fleet is well diversified with a strong presence in every sector of shipping. Apart from bulk, tanker and containerships, in all of which Bureau Veritas has an important market share, Bureau Veritas is a world leader in LNG, one of the few class societies with a major cruise ship portfolio, a world leader in classing tugs, offshore service and specialised vessels and in the top three class societies in the offshore field.

Donche-Gay says, "It is an important part of our strategy that we are present in every type of shipping so that we can deploy our experience and competence to help owners with any type of ship or offshore development."

Didier Michaud-Daniel, Chief Executive Officer of Bureau Veritas, says, "Our expertise and innovation in the maritime industry were the founding for the creation of the Bureau Veritas Group. We are proud of the long-term relationships that we have built with our clients based on mutual trust."

About Bureau Veritas
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has more than 60,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility. Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index. Compartment A, code ISIN FR 0006174348, stock symbol: BVI.

Bureau Veritas press release