BV's marine division continues to grow and forms the international backbone of the group. Marine division turnover was up by 13% in 2003, backed by a strong performance in newbuilding markets. The growing classed fleet stands at over 6,700 vessels of more than 41.2mgt.

Bernard Anne, managing director of BV's marine division said, 'There has been a welcome outbreak of common sense amongst classification societies during 2003. The move towards common rules and to re-establishing trust in IACS benefits the whole industry.

Bureau Veritas has consistently supported the role of IACS as a forum for developing common rules, and during 2003 we were able to help IACS to react quickly and sensibly to flag state proposal for setting new shipbuilding standards.'

MJ Information No: 19638