Norwegian risk management service provider Det Norske Veritas (DNV) has announced that it won more than half of all new shipbuilding classification contracts from owners within the Middle East and India.
The company claims that 80 vessels with DNV class are on order in local shipyards.
The vessels, which are due for delivery over the next two years, brings DNV’s total dead weight tonnage on order to over 6.6 million and follows the successful delivery of 14 vessels with a combined dead weight tonnage of 1.24 million in 2006.
Established in the United Arab Emirates for over three decades, DNV have capitalised on strong relationships with Middle Eastern owners, and the recent upsurge in demand for regional offshore and shipbuilding services has helped boost its customer base. As a reflection of how well the Middle Eastern maritime sector is performing, the company has confirmed new and extended offices across the region. The operations will be bolstered in Tehran, Sohar, and Abu Dhabi, and new offices opened last year in Doha and Fujairah. The new flagship office in Dubai has also now officially opened, giving DNV a total of 26 offices throughout the Middle East and Indian subcontinent, in UAE, Kuwait, Bahrain, Oman, Saudi Arabia, Iran, India and Sri Lanka.
“It is the maritime industry that is fuelling our regional growth, underpinned by constantly reviewing and implementing our own rigorous quality standards,” said Eivind Grostad, senior vice president and regional manager, DNV Middle East & India. “Our business philosophy never compromises on quality and safety, positioning DNV as a reputable world class organisation,” he added.
DNV has recorded impressive annual growth figures for 2006 of 13%, with their US$23.7 million maritime revenue, contributing towards the $44.4 million achieved for all DNV operations combined.
DNV’s overall business projections for 2010 are ambitious, with the company’s headcount increasing by over 60%, whilst total business revenues are expected to exceed $80 million. “Our business has grown by almost 35% over the past two years, and with our current order book we are confident that our forecast for 2010 is both realistic and achievable,” said Grostad.
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