Germanischer Lloyd revenue up 16% in 2007
Hamburg-based classification society Germanischer Lloyd achieved a turnover of 421.7 million euros ($621 million) in 2007, up 16 percent compared to 2006.
“At the beginning of 2008, global economy and international trade have continued to grow despite more instable financial markets and indicators of an upcoming recession in the USA,” Germanischer Lloyd said in a statement.
“Considerable growth of the GL Group is also expected for 2008 given the booming economic situation in the shipping industry worldwide, the high workload in the maritime sector and an ongoing strong demand for technical services in the industrial sector.”