The owners and operators of shipping companies with vessels exceeding 5,000
GT operating in the EU have until August 2017 to prepare plans to monitor and
report their carbon emissions, fuel consumption, and associated transport work.
Adopted on 1st July 2015, the Monitoring Reporting Verification (MRV)
regulation will see the EU collect and make publicly available data for over
12,000 vessels visiting EU ports.
The regulation is the industry’s first step towards cutting CO2 emissions
from maritime transport in the European Union (EU) and compliance is
non-negotiable. Owners and operators have just seven months until the first
legal deadline requiring them to submit a Monitoring Plan (MP) to a verifier.
In addition, all MPs must be successfully assessed by an accredited verifier by
31st December 2017, before the start of the first monitoring period.
Close on the heels of run up to the MRV regime, emissions verification
company for transport sector, Verifavia Shipping has signed a memorandum of
understanding (MoU) with independent Greek ship classification society and
certification organisation, INSB Class, says a release on 11th January.
As part of the new strategic
partnership, INSB Class will offer MRV services to its contracted customers by
leveraging the knowledge and expertise of its trusted partner and EU MRV
specialists, Verifavia Shipping Hellas. As an established independent
verification company, Verifavia will utilise the tools as well as in-depth
knowledge and expertise at their disposal to instil ship owners and operators
with the confidence that the right systems, capabilities, and understanding are
in place to efficiently achieve compliance..
Nikolas Theodorou, Managing Director, Verifavia Shipping Hellas, commented:
.“Our company ethos is founded on offering an independent service grounded in
accuracy, integrity, and expertise, and we take great pride in working as a
trusted partner to support our customers in achieving EU MRV compliance. As
such, we are extremely happy to be collaborating with a like-minded company,
and that INSB has entrusted us to fulfil the MRV compliance needs of its
customers. Pantelis Chinakis, President & Managing Director, INSB Class,
“We have every confidence in Verifavia’s MRV knowledge and expertise. Most
importantly, we trust that they will endeavour to maintain our ongoing aims to
deliver the highest levels of service across the board within the shipping
industry, and will effectively and efficiently guide ship owners and operators
on the road to EU MRV compliance.”
The EU MRV Regulation is new and unfamiliar, and as with any complex
legislation, it makes sense to start upon the road to compliance early on,
ensuring sufficient opportunity to identify and address any issues ahead of
time. For owners and operators, the key lies in their ability to effectively
interpret the requirements outlined within the regulation. Both Verifavia and
INSB Class remain committed to greatly simplifying the EU MRV process –
ensuring shipping companies achieve compliance in the most efficient,
cost-effective and timely manner, adds the release.