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GL turnover "higher in China than in Germany"

GL turnover "higher in China than in Germany"

Shanghai: In its latest newsletter Germanischer Lloyd outlines its strong position in Asia, thereby providing a detailed riposte to one of the main rationale's behind Bureau Veritas' failed takeover attempt last month. The French classification society had claimed the merger would benefit both companies by increasing their Asian presence, particularly in China.

Today GL has more than 350 container ships, multi-purpose vessels, bulk carriers and oil/chemical tankers on order at over 50 shipyards, it points out. More than 200 experts support the clients in China out of Shanghai, Dalian, Guangzhou, Jiangyin, Nanjing, Ningbo, Wuhan, Hong Kong and Kaohsiung.

In addition, the new head of Division East Asia, Dr Volkmar Wasmansdorff (pictured), has announced that the company will expand its presence by opening more offices and training centres in Shanghai and Busan in the first quarter of 2007.

In fact, "Germanischer Lloyd's turnover is already higher in China than it is in Germany," points out the Hamburg-based classification society.
GL successfully prevented the BV takeover on December 14, 2006 by selling 34% of its shares to German entrepreneur Günter Herz.  [05/01/07]