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February 5, 2004

GL now Number 4 in class league

Classification society Germanischer Lloyd (GL) last month received orders for 45 ship newbuildings with a total volume of 1.4 million gt--the society's highest ever monthly order intake. These newbuildings mainly comprise container carriers of all sizes, ranging from 1,200 TEU to 8,100 TEU. In addition, a number of multi-purpose cargo vessels and other ship types are also awaiting classification.

After rapid growth in 2003, GL's order level reached a total of 11.7 million gt at the end of January 2004, as compared to 7.5 million gt a year earlier

Reckoned by the number of ships over 100 gt under attendance, GL has advanced by one place to Number 4 in the ranking of the ten major classification societies, with 5,073 units (a market share of 11.6 percent) at the end of 2003.

In response, Germanischer Lloyd has again increased its personnel level, from 1,962 at the end ofÊ2002 to 2,148 at the end of 2003. Of the 186 new staff members, 104 are employed in Hamburg, Germany, where it is headquartered.


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