The Germanischer Lloyd AG is a classification society based in the city of Hamburg, Germany created on 16th March 1867. A group of 600 shipowners, shipbuilders and insurers met in the big hall of the Hamburg Stock Exchange. As a technical supervisory organization Germanischer Lloyd regularly conducts safety surveys on more than 7,000 ships with over 79,000,000 gross tonnes (GT). Its technical and engineering services also include the mitigation of risks and assurance of legal compliance for oil, gas and industrial installations as well as wind energy plants. The society also certifies the operating performance of companies and performs damage investigations as well as destructive and non-destructive tests of materials.