Marine & offshore revenue at Bureau Veritas grew by 11.5% in 2022 on the back of strong newbuilding demand for LNG carriers and LNG-fuelled container ships.

Revenue in the sector increased to €418.3m ($443m), compared with €375.2m in 2021— a 9.4% rise on an organic basis.

Operating profits grew 19.7% to $100.7m.

“The shipping market maintained a very positive momentum in 2022 with a level in worldwide new orders slightly above the average over the past 25 years,” the Paris-based classification society said.