Bureau Veritas receives the “Grand Prix de la Transparence 2021” award in the “Code of Ethics” category

Classification society Bureau Veritas has recently issued approval to the ‘Panda 93P’ design for very large gas carriers (VLGCs), aiming to develop what is being referred to as ‘World’s Largest’ VLGC.

The design has been developed by Jiangnan Shipyard in China, an entity of the China State Shipbuilding Corporation (CSSC), as an evolved version of the ‘Panda’ series of VLGCs of the shipyard. The new vessel design is aimed at accelerating the decarbonization of the maritime industry.

The 93,000 cubic meters (cbm) vessels are designed to be powered by Liquefied Petroleum Gas (LPG) and will be dedicated to the carriage of the same.

The new design also includes a unique hull line optimization based on the concepts of computational fluid dynamics (CFD), which has increased the cargo capacity of the vessel significantly against the minimal increase in fuel consumption.

The Shipyard and Bureau Veritas claim a reduction of 32% in CO2 emissions during operations by the vessel in comparison to the previous 84,000 cm VLGCs version powered by low-sulfur fuel oil (LSFO).

Hu Keyi, Chief of Corporate Technology, claimed that the new design, an example of ‘initiative green solutions’ against conservative ‘passive green’ based on current technology will prove highly beneficial in bridging the emission gap in the industry.

The ‘Panda 93P’ design also allows the vessel to carry out operations powered by LPG, even when the vessel is transporting a Non-LPG cargo through the incorporation of two deck-mounted LPG tanks. The shipyard also boasted the liberal use of modern digital technology like 3D digital mock-ups and lifecycle management in the development of the new vessel design.

Hu said, “We think the future maritime industry will be dependent on momentum for continued innovation through increased studies of disruptive technologies and non-traditional materials,” seeking investments from various other stakeholders in innovations like the new VLGC design.

In a major milestone for both the shipyard and the society a Singapore-based gas carrier, Sinogas has already placed an order for two of the five new VLGCs being built, after the approval, The delivery of these carrhttps://group.bureauveritas.com/sites/g/files/zypfnx196/files/styles/page_heading/publiciers is scheduled for the first half of 2023.

“Grand Prix de la Transparence 2021”

On another side, , The award recognizes Bureau Veritas’ efforts to achieve clarity and transparency in the implementation of its Code of Ethics.

“This award recognizes the hard work and strong commitment of all the teams who worked to reshape this version of our Code of Ethics. It is more than a simple acknowledgment of those efforts: this is another step in our endeavor to value and integrate Ethics, impartiality, and independence into our culture and processes. For almost 200 years, we have been providing our clients a crucial service, the entire premise of which is based on integrity, impartiality, and independence. Symbols of Ethics and truth have always been a part of our logo, because they are at the heart of what our brand stands for.” said Béatrice Place Faget, Executive Vice President, Legal Affairs and Internal Audit at Bureau Veritas.

The Group’s Code of Ethics sets forth the principles and rules on which the Group bases its development and long-term growth and builds relationships of trust with its clients, employees, and business partners.

The Grands Prix de la Transparence awards have been measuring and rewarding the quality of the information provided by French companies for the past 12 years. The objective is to enable issuers to measure their performance in terms of transparency each year and to identify best practices in order to set them up as true standards in the marketplace.