Bureau Veritas has reported an upturn in revenue and profits in its marine & offshore business thanks to a recovery in the shipping markets from the pandemic.

The French classification society said its marine business revenue last year was €375.2m ($418m), compared with €366.7m in 2020'

Operating profit was €84.1m, up from €80.4m.

Bureau Veritas’ classed fleet increased by 0.7% over the year to 11,531 ships amounting to 137.9m