Det Norske Veritas, Germanischer Lloyd to merge

Markets

Thursday, December 20, 2012

Two the world’s largest classification societies, Det Norske Veritas (DNV) and Germanischer Lloyd (GL), have signed an agreement to merge. The new entity will be called DNV GL Group and headquartered at Høvik, Norway outside of Oslo. Classification societies are non-governmental organizations that create and maintain technical standards for the construction and operation of ships. They review and validate the design of ships and inspect them during construction...

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