17 Nov 2004

ABS has become the first classification society accepted into membership to the Society of International Gas Tanker & Terminal Operators (SIGTTO). A not-for-profit international organization established in 1979, SIGTTO?s mission is to enhance the safety and operational reliability of gas tankers and terminals.

With the global market for liquefied natural gas or LNG growing at more than three times the growth rates for oil or traditional gas markets, the importance of SIGTTO during this time of unprecedented gas sector growth is critical.

"SIGTTO provides for an exchange of technical information and experience sharing between members," says ABS Vice President of Energy Development William J. Sember. "ABS is honoured to be a part of this organization so we can further contribute our technical knowledge of LNG carriers, offshore terminals and gas transport technology to the enhancement of safety and operational standards." Formed originally with thirteen members, SIGTTO has grown over twenty-five years to a membership of more than one hundred companies which represent virtually the entire world?s LNG trades and over half its liquefied petroleum gas or LPG capacity.

"We have added a new membership dimension to SIGTTO by approving associate membership of a classification society," commented James MacHardy, General Manager, SIGTTO. "This further diversifies and strengthens our organization?s membership while providing us with a strong technical resource."

New and larger LNG carriers along with the development of offshore LNG terminals to accommodate the demand have placed classification societies like ABS at the forefront of establishing standards and providing third-party verification to support industry in the development of emerging technologies to make the larger vessels and terminal facilities a safe reality.

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