Verifavia and INSB Partner on MRV Services

Thursday January 12, 2017

Verifavia Shipping has signed a memorandum of understanding (MoU) with INSB Class (INSB), a Greek ship classification society and certification organisation, which will see INSB leverage Verifavia Shipping's experience to provide Monitoring, Reporting and Verification (MRV) services to its customers.

"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," said Pantelis Chinakis, President & Managing Director of INSB Class.

As Ship & Bunker has reported, the European Union's (EU's) MRV regulation will require shipping companies to 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.

Verifavia says it will use its MRV expertise to provide ship owners and operators with the confidence that they have the right systems, capabilities, and understanding in place to meet the MRV requirements effectively.

"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," said Nikolas Theodorou, Managing Director, Verifavia Shipping Hellas.

"As such, we are extremely happy to be collaborating with a likeminded company, and that INSB has entrusted us to fulfil the MRV compliance needs of its customers."

In October, Julien Dufour, CEO of Verifavia Shipping said companies are not acting quickly enough to develop carbon emission monitoring systems for compliance with the EU's MRV regulation.