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Veson Nautical Solution awarded European Union’s MRV certification

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Dry Bulk,

Veson Nautical, a leading provider of commercial maritime software and services, has announced that Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), officially certified its Veslink Voyage Reporting system as a solution for the European Union’s (EU) upcoming Monitoring, Reporting, and Verification (MRV) regulation.

Veslink Voyage Reporting streamlines data collection and distribution from vessels, operators, agents, and counterparties, and is used by more than 100 of the top shipping organisations worldwide, managing over 5000 vessels. Verifavia Shipping, a fully-accredited global EU MRV Verifier by the UK Accreditation Service (UKAS) and the French Accreditation Body (COFRAC), certified that the system complied with ISO standard 25051 on software engineering and 17065 on product certification.

According to the EU Commission for Climate Action, maritime transport emits around 1 billion t of CO2 annually and is responsible for approximately 2.5% of global greenhouse gas emissions. Because ships' energy consumption and CO2 emissions could be reduced by up to 75% by applying updated operational measures and using existing technologies, all ship-owners with vessels exceeding 5000 GT are required to provide monitoring plans to an accredited verifier by 30 August 2017.

The EU MRV regulation requires ship owners operating vessels within EU ports to report on specific parameters of fuel consumption and other relevant voyage data, including:

  • Port of departure and port of arrival including the date and hour of departure and arrival.
  • Amount and emission factor for each type of fuel consumed in total.
  • CO2 emitted.
  • Distance travelled.
  • Time spent at sea.
  • Cargo carried.
  • Transport work.

With Veslink Voyage Reporting, all MRV required data is easily captured within standard vessel forms as part of the normal workflow for arrival, departure, and noon reporting. The collected data instantly feeds standardised reporting templates that can be submitted for MRV compliance. In addition, Veslink users can continuously monitor their fuel consumption and CO2 emissions in real-time via integrated business intelligence dashboards.

The MRV regulation is the first measure in a three-step process supporting the EU’s global approach to reducing greenhouse gas emissions from maritime transport.

“We’ve taken a proactive approach to addressing the upcoming EU MRV regulation so that our clients will be in compliance without having to modify their existing workflows,” said John Veson, President of Veson Nautical. “We’re excited to have developed a certified solution within Veslink to ensure compliance well in advance of the deadline, making the process simple for our users. Our philosophy has always been to evolve our products to support the needs of our clients and that includes acquiring certification for regulatory requirements like MRV.”

“Veslink Voyage Reporting has been meticulously reviewed by our team of MRV experts against the requirements of the EU MRV Regulation (2015/757) in terms of process and functionality. We are confident in the system’s ability to simplify the process of data collection and distribution from vessels, and to support ship owners and operators in complying with the EU MRV Regulation in a streamlined manner.” concluded Julien Dufour, CEO, Verifavia Shipping.

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Dry bulk shipping market