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Lloyd's Register
From Wikipedia, the free encyclopedia
The Lloyd's Register Group is a maritime classification society and independent risk management organisation providing risk assessment and mitigation services and management systems certification. Historically, as Lloyd's Register of Shipping, it was a specifically maritime organisation. In the late 20th century it diversified into other sectors, including oil & gas, process industries, nuclear and rail. Through its 100% subsidiary LRQA it is also a leading provider of management system certification to ISO9000, ISO14000 and OSHAS18000
Like the famous international insurance market, Lloyd's of London, Lloyd's Register owes its name and foundation to the 17th century coffee house in London frequented by merchants, marine underwriters, and others, all connected with shipping. The owner, Edward Lloyd, helped them to exchange information by circulating a printed sheet of all the news he heard. In 1760, the Register Society was formed by the customers of the coffee house.
Other than this historical connection, Lloyd's Register is unrelated to Lloyd's of London.
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The Society printed the first Register of Ships in 1764 in order to give both underwriters and merchants an idea of the condition of the vessels they insured and chartered. The top classification of "A1", from which the expression A1, or A1 at Lloyd's, is derived, first appeared in the 1775-1776 edition of the Register.
The Register, with information on all sea-going, self-propelled merchant ships of 100 gross tons or greater, has been published annually, following a merger with Fairplay Publications Limited in July 2001, by Lloyd's Register - Fairplay.
Lloyd's Register Society is the first and oldest classification society, establishing rules designed to maximise safety and ensuring that ships are constructed and maintained to meet them.
Of 29,763 steam and motor vessels upwards of 100 tons afloat in 1939, 13,694 were built under the direct supervision of the Register Society.
Lloyd's Register certifies or otherwise verifies the safety of over 800 offshore Oil & Gas production platforms.
Lloyd's Register is a UK Notified Body, under The Railways (Interoperability) (Notified Bodies) Regulations 2000, in six Technical Specifications for Interoperability (TSI) areas: Control Centres and Signalling, Energy, Infrastructure, Maintenance, Operations, and Rolling Stock.
On 10th April 2006, Lloyd’s announced a strategic alliance with the University of Southampton (Press release - Lloyd's confirm move to Southampton). In 2008, Lloyd’s will relocate their marine Classification and ship registry business to Southampton, along with their executive education and training arm and their external business consulting activities. They will share a building, teaching resources and facilities with the University of Southampton’s School of Management. The School of Management will be re-branded as the Lloyd’s School of Management. This move will result in very significant cost savings for Lloyd’s, in addition to giving them the prestige of having their own business school at one of the UK’s top ten research universities. The University of Southampton hosts the UK’s national Centre for Risk Research and is the UK’s leading university for marine related academic research.