American Bureau of Shipping (ABS)
Definition - What does American Bureau of Shipping (ABS) mean?
American Bureau of Shipping (ABS) is a not for profit type organization which has a mission to promote life security and property security. It mitigates impacts on marine flora and fauna primarily through the development and compliance of standards for design, manufacturing, operations and maintenance of the marine related facilities in United Sates of America. It is primarily a Marine classification society.
Petropedia explains American Bureau of Shipping (ABS)
The American Bureau of Shipping (ABS) was initially chartered in New York in 1862 to certify the captains of ships and was involved in the development and improvement of the safety standards of the vessels, personnel and the marine life. In 1890, when the use of Steel in ship building replaced Iron, ABS published the rules for building and classing steel vessels.
ABS offers various services such as issuing certifications to specific standards, compliance establishment with ABS, Offshore and Energy Services which prescribes universal standards to be followed in design, manufacturing and operations of offshore drilling platforms such as jackup rigs, semisubmersible rigs, dynamically positioned vessels for deep water drilling, FPSO’s, FSO’s, etc. It also set rules and guidelines for statutory services, naval vessel standards, RRDA programs, etc.