Leading classification society DNV has reported a record result for 2020.

In spite of Covid-19, the Oslo-based company logged a pre-tax profit of NOK 2.17bn ($255.6m), against a NOK 1.99bn profit a year earlier.

DNV, which has 20% of the world’s total under classification, held onto its market share last year, although there was a considerable fall in newbuilding activity in 2020.