Having been one of the fastest growing classification societies during the first two years of Russia’s full-scale invasion of Ukraine, the Indian Register of Shipping (IRS) became the big loser among members of the International Association of Classification Societies (IACS) over the past 12 months.
Data from Clarksons Research shows that among IACS members, IRS was the only class society to register a fleet decline over the past year, its classed fleet dropping in size by a sizeable 13.5% with nearly 4m gt leaving.
The class societies celebrating the largest growth in gt terms over the past year were Houston-headquartered ABS, Italy’s RINA and Beijing-based CCS.
