The European Union's decision to monitor CO2 emissions for most vessels in excess of 5000 gross tons affects owners or vessel managers with ships that are calling on ports in EU member states. The EU requires ship-specific monitoring plans to be in place by August 31, 2017, including being MRV compliant for Monitoring, Reporting and Verification.
StormGeo's shipping division (formerly AWT) has been collecting data, monitoring data and reporting data on fuel consumption and emissions for over twenty years. More than 60,000 voyages utilized StormGeo's methods of collecting and reporting data in 2016. StormGeo is supporting the new EU regulation and recently has gone the extra step to become EU MRV Certified.
According to Michael O'Brien, StormGeo business development manager, "StormGeo is in the unique position to leverage decades of AWT's vessel data collection and reporting to ensure seamless compliance with all facets of the EU MRV regulation. Understanding the importance of MRV compliance, we became certified as an EU MRV provider to give ship owners and managers peace of mind when relying upon our systems."
StormGeo's Fleet Performance solution, FleetDSS MRV, incorporates a service level that was created in response to the European Union regulations that ships accurately measure their CO2 output. FleetDSS MRV provides a tool to help create monitoring plans, view leg-by-leg voyage reports as well as annual emissions reports. In addition, the required reports are sent directly to a verification entity. It includes tools to understand fuel consumption as it relates to performance speed. This gives additional insight into each fleet beyond the MRV regulations.
StormGeo's higher level of service, FleetDSS Analytics, provides technical analysis capabilities that enables a user to analyze the performance of a vessel, to compare it to benchmarks as well as to other vessels. The performance can be analyzed with KPIs and graphs and tables to make the best decisions to improve overall performance. This level of FleetDSS has all the key metrics for each vessel to proactively manage fuel efficiency and vessel performance.
StormGeo is a global provider of advanced analytics and meteorological services delivering decision support for weather sensitive operations. Since its inception StormGeo has analyzed petabytes of data, transforming it into actionable decision guidance to help customers manage risk and operations, control costs and increase revenue. The company has a leading position in solutions for shipping, offshore oil and gas, renewable energy and onshore business. StormGeo has 23 worldwide offices of which seven are 24/7/365 operation centers.
About Verifavia Shipping
Verifavia Shipping strives to be the maritime industry's first choice for the provision of efficient, competitive, and flexible emissions verification information and services worldwide. By combining its innovative approach and streamlined procedures with the technical expertise and industry knowledge of its team, Verifavia Shipping provides a top-class service that ensures its customers experience a smooth verification journey. For more information about Verifavia Shipping, please visit www.verifavia-shipping.com.