Print
PDF
Lloyd’s Register partners with ArcelorMittal Ports
Lloyd’s Register (LR) is collaborating with ArcelorMittal to create a Global Operating Model that sets a consistent group-wide standard for dry bulk terminal operations across its international port portfolio, which include a number of facilities in India.
The initiative will establish a common operating baseline for ArcelorMittal Global Ports’ network across different continents, regulatory environments and operating cultures. It aims to reduce variations in approach and in particular to strengthen safety and reliability levels.
LR says it will design a practical framework for terminals with varying asset ages, operating maturity and local practices, that will enable common KPI definitions, consistent reporting, cross-terminal benchmarking and structured improvement planning. The initiative is also intended to ensure that ESG and sustainability requirements are embedded from the outset and to give ArcelorMittal a practical platform to better manage performance, risk and long-term value creation across its global ports’ portfolio, which includes terminals in Paradip, Hazira and Vishakhpatnam in India. Additionally, ArcelorMittal Nippon Steel India, a 60/40 joint venture between ArcelorMittal and Nippon Steel, earlier this year started construction of a new 8.2 million tonnes per annum (MTPA) greenfield integrated steel plant at Rajayyapeta, in Andhra Pradesh, which will include bulk handling terminal facilities.
Globally the company additionally owns, or controls through joint ventures, terminals in Mexico, USA, Brazil, Argentina, Canada, France, Germany, Belgium, Poland and Liberia.
