EMEA News
ABS and Greek Shipowners Project Identifies Implications of EU MRV Regulations
ABS Wednesday announced that, along with a group of Greek shipowners, it has completed a project that enables companies to understand how the implementation of the European Union's (EU's) Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions will affect them, as well as steps they need to take for compliance.
As Ship & Bunker has previously reported, shipping companies must submit ship-specific monitoring plans to verifiers for approval by the end of the August 2017, with per-voyage monitoring set to start on January 1, 2018.
The project is said to have included a six-month testing phase on a fleet of 15 vessels that included Aframax and Suezmax tankers, MR product/chemical tankers, an LR2 Product Carrier, a dual-fuel liquefied natural gas (LNG) Carrier, a steam-powered LNG carrier, and Capesize bulk carriers.
ABS says it reviewed resulting emission reports and information from the testing phase, analysing the reliability, credibility, and accuracy of the monitoring systems in order to provide a summary of fuel measurement systems, data flow, and reporting that required alignment with MRV requirements.
"The EU MRV Regulation establishes a regional regime that requires owners to put in place systems and practices that provide clear and precise evidence of compliance," said Dr. Kirsi Tikka, ABS' Global Marine Executive Vice President.
"Leveraging its knowledge and experience, ABS has worked with these proactive owners to help them understand the requirements and to find solutions that minimize interruptions to their ability to trade."
As Ship & Bunker reported in May, following the International Maritime Organization's (IMO's) approval in April of requirements for ships to record and report bunker consumption, Finning UK and Ireland (Finning) issued a call urging all ship operators to adopt accurate monitoring technology to document fuel consumption.
