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April 19, 2016

Korean Register signs agreement with India to deliver statutory services

Korean Register (KR), which is an IACS member classification society, has signed an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration to carry out vessel surveys and issue certificates as per international conventions.

Korean Register (KR), which is an IACS member classification society, has signed an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration to carry out vessel surveys and issue certificates as per international conventions.

KR can now conduct relevant surveys and audits and issue certificates to Indian flagged ships for SOLAS, MARPOL, ITC, ICLL, and MLC.

The maritime industry of India has immense growth potential due to its geographical location between Asia and Africa, and its 7,000km long coastline.

"We are delighted to receive the authorisation to deliver statutory services on behalf of the Indian Government."

India’s recent economic growth has also increased the value of its import and export trade. However, the port facilities and vessels to accommodate the pace of growth are not sufficient. This has led the Indian government to seek foreign investment to build port infrastructure and to stimulate the shipping industry, including ship building.

KR has been working to deliver statutory services for the Indian Government since 2009.

The classification society has established an office in Mumbai and has now secured complete authorisation to provide quality statutory services.

Commenting on the endorsement, KR chairman and CEO Dr BS Park said: "We are delighted to receive the authorisation to deliver statutory services on behalf of the Indian Government.

"We will endeavour to provide swift and efficient services to our clients and to raise the standards of maritime safety in all of their operations. We look forward to delivering high-quality services and to supporting the growth of India’s maritime sector"

KR has continued to expand its services to governments across the globe and this authorisation brings the total number of countries where it is authorised to carry out ship survey and certification work to 73.

The Korean Register is an IACS member classification society that was established in 1960 with an aim to promote safety of life, property and the protection of the marine environment.

Presently, KR classes an international fleet of 2,981 vessels totalling 67 million gross tonnage.

Based in Busan, South Korea, it operates a network of 60 offices around the world.

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