World News
EMSA Launches System to Support EU MRV Regulation Implementation
The European Maritime Safety Agency (EMSA) today announced the launch of its THETIS-MRV system, intended to support implementation of the European Union (EU) monitoring, reporting and verification (MRV) regulation.
"The system will enable companies responsible for the operation of large ships using EU ports to report their CO2 emissions, as required by law from 1 January 2018 under the EU's Monitoring, Reporting and Verification Regulation," explained EMSA.
"The move is expected to encourage the uptake of greenhouse gas emission-reduction measures within the maritime sector, as the emissions data will be made public and updated yearly."
In March 2016, the European Commission's (EC's) Directorate General for Climate Action and EMSA signed a four-year cooperation agreement intended to see EMSA develop a system for the monitoring and reporting of verified data on CO2 emissions, annual fuel consumption, and other energy efficiency parameters.
The resulting THETIS-MRV system enables companies to work with accredited verifiers to prepare monitoring plans in a voluntary module and release emission reports and documents of compliance to EC and relevant flag state authorities using the mandatory module.
"Several consultations took place to ensure that the views of a broad range of technical experts, including NGOs and industry, were taken into account for the development of the system," noted EMSA.
The THETIS–MRV web-based application hosted by EMSA can be here.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 511.00 | 6.50 | 590.50 | 2.00 |
| Rotterdam | 451.00 | 7.00 | 597.00 | 8.00 |
| Houston | 450.50 | 4.50 | 602.50 | 14.50 |
| Fujairah | 498.00 | 3.50 | 710.00 | 3.00 |
| Global 20 Ports Average | 526.00 | 6.50 | 700.50 | 6.50 |
| Global 4 Ports Average | 477.50 | 5.50 | 625.00 | 6.00 |
| Global Average Bunker Price | 564.50 | 3.50 | 747.50 | 2.00 |
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