Verifavia CEO: Shipowners Not Acting Fast Enough for MRV Compliance

Thursday October 20, 2016

Julien Dufour, CEO of Verifavia Shipping (Verifavia) says companies are not acting quickly enough to develop carbon emission monitoring systems for compliance with the European Union's (EU's) Monitoring, Reporting and Verification (MRV) regulation, Platts reports.

As Ship & Bunker has previously reported, the 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 suggests that many shipowners have been putting off the installation of carbon emission monitoring systems in order to focus on reducing their sulfur emissions.

"I think that most shipping companies are waiting for the last minute to do so because they perhaps think that they can do it quickly," said Dufour.

Such preparations can take months, explains Dufour, concluding: "they must act now." 

Insufficient information on the MRV regulation is cited by as Verifavia as another reason for shipowners' lack of action toward compliance.

"We are trying to tackle that aspect through increased engagement with shipowners through dialogues at events and meetings," said Dufour.

Some shipowners may also believe that the EU MRV regulation may be annulled by the International Maritime Organization's (IMO's) own monitoring and reporting regulation, suggests Verifavia, but Dufour assures that the EU's regulation will remain, running parallel to IMO requirements.

While more regulations are set to come into force over the coming years, Dufour asserts that it is crucial that shipping companies do not lose sight of MRV deadlines for submitting monitoring plans.

As Ship & Bunker reported, the European Sustainable Shipping Forum (ESSF) held its 6th Plenary Meeting in Brussels on June 28, 2016 to discuss the implementation of MRV regulation.