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Det Norske Veritas

Det Norske Veritas

Industry: 
Shipping
Symbol: 
NO:DNVR
Country: 
Norway
Contact Information: 
Sources: 

"Late last year, another leading classification society, Norway’s Det Norske Veritas, ended its relationship with Iran under U.S. pressure." (Washington Post, "Iran, unable to sell oil, stores it on tankers," 5/14/2012)
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"Det Norske Veritas (DNV), a leading ship-certification firm with 18 to 20 employees in Iran, is closing its office there, ending its inspections of Iranian vessels and sending 'termination notices' to 15 to 20 international oil rigs that are drilling in Iranian waters with DNV certification. 'Just looking at the political landscape and the political risk, we certainly don’t see it as a growth area, and we don’t want to be doing business with countries that don’t match with our own value statements,' DNV spokesman Blaine Collins said. 'So it was time to do this.' He said DNV thinks it has complied with international sanctions. U.S. lawmakers have seized upon DNV and a handful of similar firms as a new tool for tightening economic screws on Iran because of concern that the Middle East country might be building a nuclear weapon." (Washington Post, "Congress sees shipping-certification firms as tool to tighten Iran noose," 12/5/2011)