The Indian Register of Shipping (IRClass)
continues to record steady growth in its classed fleet, flag recognition and
geographical presence, mirroring the shipping industry’s ongoing recovery.
With tankers and bulk carriers continuing
to dominate IRClass’ tonnage, the classed fleet has grown more than 4 per cent
in the past year, with the foreign flag fleet seeing a particularly impressive
growth of 22 per cent which is 16 per cent in tonnage terms and indicative of
strong overseas growth.
Flag Recognition and Geographical
IRClass is now recognised by 41 flag
states globally, seeing recent additions in 2018 from the Netherlands, Vietnam,
Jordan and Bahrain.
Towards the end of 2018, it also received
approval from Abu Dhabi National Oil Company (ADNOC), strengthening its
offshore portfolio in the Middle East and opened an office in the Kingdom of
Saudi Arabia to better service its customers in the region.
Strengthened Portfolio with Defence
and Government Projects
On the domestic front, defence continues
to be a growth area for IRClass with key project wins as well as construction
of inland waterways vessels.
These additions to IRClass’ project
portfolio demonstrate the classification society’s competence and capability in
handling large scale and technically challenging projects.
Commitment towards Information Security
The ISO 27001:2013 certification awarded
to IRClass for its Information Security Management System from the British
Standards Institution (BSI), underscores the classification society’s
commitment towards risk management. It inspires confidence in IRClass’ level of
data protection, assuring customers that their information is well-protected.
Optimising Operations through
IRClass started issuing electronic
certificates for all its classed vessels earlier this year,giving shipowners,
regulators and charterers real-time online access to the latest class and
The implementation of e-Certificates is
expected to reduce the administrative burden and document handling costs for
shipowners, coupled with increasing operational efficiency from IRClass,
leading to better service delivery.
IRClass has also introduced computational
fluid dynamics (CFD) analysis as part of its shipbuilding services which is
another instance where efficiencies in ship design are unlocked through
software sophistication, creating added value.
During the year, IRClass launched several
new services which include Cyber Risk Management, IMO DCS, Vessel Performance
Management System (VPMS) and Ballast Water Management to benefit its customers.
To promote environmentally friendly fuels
in shipping, IRClass has published ‘Guidelines for Methanol fuelled
With a view to develop inland waterways
usage in India, rules for inland waterways’ oil tankers, chemical tankers,
liquefied gas carriers and passenger ships have been developed.
Centre of Excellence in Maritime &
It has been a year since IRClass first
announced the formation of a ‘Centre of Excellence in Maritime & Shipbuilding’
(CEMS) to meet industry demand in bridging the skill gap and provide upskilling
for the maritime and shipbuilding workforce.
A lot has happened over this time period
with 18 world-class labs being established in Visakhapatnam and 6 labs on the
Mumbai campus. CEMS will focus on the end-to-end needs of various stakeholders,
including academic institutes, students, government departments and key
maritime industry sectors.
Looking ahead to 2019
While the classification society’s
primary focus remains to enhance its classed fleet and improve its service
offerings, 2019 will be a year where IRClass will be focusing more on the
emergence of new trends, delivering value to its customers through
digitalisation, as well as further strengthening its footprint in Europe, Asia
Pacific and the Middle East.
It also aims to
improve its global visibility through its presence at key industry events, said