Det Norske Veritas and Germanischer Lloyd have announced that they are merging to create the world’s biggest ship classification society, accounting for nearly 18 percent of the global fleet. Norway’s DNV will own 63.5 percent of the new company DNV GL Group, with GL’s German owner, Mayfair, holding a 36.5 percent stake. The company, with annual revenue of USD3.3 billion and a 17,000 strong work force, will be headquartered in Oslo. Its marine operations will be based in Hamburg. The company will also be among the world’s biggest risk experts in oil and gas and the top three in management system certification.