Lloyd’s Register (LR) says it is growing its role in the newbuilding market with the launch of its Newbuild Advisory Service and updated New Construction Guide.
With global demand continuing to reshape shipyard orderbooks, owners are balancing a growing number of considerations during the planning phase of newbuilding projects, including fuel readiness, delivery timelines, technical capability and long-term operational requirements.
The Newbuild Advisory service is designed to support shipowners, operators, yards, and investors throughout the design and build process, helping them to manage risk, optimise performance, and make informed decisions from concept through to delivery. Drawing on experience from more than 500 new building projects, the Newbuild Advisory Service helps clients make better design and technology choices upfront, giving greater control over cost and schedule as projects progress, and reducing the risk of misalignment between owner expectations and yard execution. It adds a layer of independent oversight, with a focus on build quality, efficiency and long-term asset performance.
Sujith Tooneri, Global Head, Newbuild Advisory Services, LR, said: “Ship newbuilding for the future starts with making the right decisions today, and these decisions will shape the next generation of maritime operations. LR’s Newbuild Advisory Services provide expert guidance from concept to delivery, helping you design, specify and implement solutions that meet tomorrow’s standards. From concept, regulatory impact and risk to GHG reduction strategies and integrating innovative technologies, we ensure your fleet is smarter, safer and future ready.”
Alongside the Newbuild Advisory Service launch, LR is introducing an updated New Construction Guide, providing detailed insight into major North Asian shipyards, on yard capabilities, experience and regional strengths in a single, easy-to-use tool. The guide reflects LR’s knowledge of key shipyards, regional shipbuilding activity and newbuilding considerations, combined with its technical expertise across classification, plan approval, technical advisory and digital support services.
Sherry Li, LR Global Head of New Construction, said: “Selecting the right shipyard has become more complex as owners balance delivery schedules, fuel transition strategies and changing market requirements. Clients need reliable insight early in the process to help them make confident decisions and reduce uncertainty around newbuilding projects. Our updated New Construction Guide reflects LR’s depth of knowledge across key shipbuilding regions, particularly North Asia. It is designed to give clients practical support as they evaluate shipyard capability, plan future fleet investment and navigate increasingly complex construction requirements.”
Image: LR offers a new advisory service for new construction (source: Lloyd’s Register)
