Classification society DNV on Thursday (5 September) has unveiled an upgrade to its emissions data verification and data management platform, Emissions Connect, which will enable the maritime sector to handle the commercial challenges and risks that come with the implementation of FuelEU Maritime. 

The update comes at a crucial time as the industry is grappling with the requirements that take effect from 1 January 2025.

Emissions Connect was first launched in 2023 to support the industry with the operational impact of multiple regulatory requirements and decarbonization trajectories. Specifically it helps the industry manage and control Carbon Intensity Indicator (CII) performance, manage the commercial obligations arising from the European Union’s (EU’s) Emissions Trading System (ETS) and now also the implicatons of FuelEU Maritime.

Pål Lande, Product Line Director, DNV Maritime, said: “The introduction of new regulation to drive decarbonization is creating a complex environment for organizations across the shipping sector. To assist companies in dealing with this change, we are pleased to be offering a solution that will help them manage the commercial impact of these new rules and collaborate across the supply chain. Accurate and verified data is crucial to instil trust and ensure effective collaboration within this complex environment.” 

FuelEU Maritime sets limits on the greenhouse gas (GHG) intensity of fuels used by ships calling at EU ports and progressively reduces these levels towards 2050. 

The regulation covers well-to-wake emissions from the entire fuel life cycle and requires ship managers to submit a monitoring plan, report emissions data annually and have their compliance balance verified. GHG intensity which is too high can lead to a negative balance, which, if not compensated in a pool with other ships, will trigger a penalty that the shipping company must pay to the national authorities.

To manage these challenges, the new update allows users to:

• Gain an overview of the GHG intensity of vessels in a fleet, the cumulative compliance balance and penalty cost per vessel, where applicable
• Evaluate different vessel pool set-ups by creating different fleets to explore the most suitable options for FuelEU Maritime management
• Track an individual ship’s performance by viewing basic vessel data, information on the GHG intensity of energy within the scope of FuelEU Maritime, and the compliance balance and corresponding penalty cost, if applicable
• Create verified emissions statements on voyage and custom period level

Built on the Veracity Data Workbench that supports customers with a strong emissions data management solution, Emissions Connect offers a high-quality emissions data baseline that is digitally verified.

High-quality emissions data provided by the shipowner is verified by DNV and shared with customers for self-service in settlement of transactions or other purposes such as reporting, exporting and secure sharing with partners and third parties, including banks and insurance companies adhering to the Poseidon Principles.

Note: Read more about Emissions connect here.

 

Photo credit: DNV
Published: 6 September, 2024

China Classification Society on Thursday (29 August) said it has awarded its first certificates for a modified methanol dual-fuel engine product and an eco-friendly marine engine to the Lingxian 1 , a domestic vessel owned by Zheneng Mailing. 

The ceremony was held at the CCS Zhejiang Branch on 19 August

This certification marks another important achievement of CCS in assisting the localisation of China’s green energy core equipment.

“It indicates that CCS has taken a solid step forward in guaranteeing China’s green energy security,”the organisation said in its statement

CCS said it will continue to leverage its technological advantages and actively collaborate with relevant enterprises to promote the recognition and survey of high-pressure direct-injection diesel engines in methanol cylinders, and the retrofitting of the operating ship diesel engine. 

 

Photo credit: China Classification Society
Published: 3 September, 2024

Emissions management solutions provider OceanOpt recently announced a strategic partnership with Veracity by DNV, the maritime emissions cloud from classification society DNV. 

The collaboration marked a step forward in addressing the complexities of the European Union Emissions Trading System (EU ETS) for shipping companies.

Through an API-backed data flow, vessel emissions verified by DNV’s Emissions Connect can be transferred into OceanOpt’s EU ETS portal, streamlining the allocation and reconciliation of EU Allowances (EUAs).

Anil Jacob, Managing Director of OceanOpt, said: “By connecting OceanOpt to the Veracity cloud we also integrate with DNV’s Emissions Connect, where customers can generate voyage statements for EU ETS.”

“With this at hand, our customers can meet the regulatory requirements in time, as well as comply with various charter party clauses. Our well-defined approach frees our customers from the burdens of data management and empowers them to focus on strategic growth.”

“Further on, OceanOpt’s data management service provides actionable insights for our clients to be able to significantly reduce carbon tax costs while ensuring regulatory compliance.”

Helge Bartels, COO, Bernhard Schulte, said: “OceanOpt provides the Berhard Schulte fleet with a customer-specific service package covering all IMO DCS and EU MRV reporting requirements.”

“When they now partner with Veracity and integrate with DNV’s Emissions Connect, we gain seamless access to verified emissions data from DNV inside the OceanOpt solution.”

“This provides us with a trusted baseline for our emissions management, aiming at reducing fuel consumption, improvingd CII-ratings, having full transparency and perfect argumentation towards owners, charterers, authorities, and other relevant stakeholders.”

“Not to the least, the tools for CII, EU ETS & Fuel EU help to identify necessary trade changes and related improvements.”

Mikkel Skou, Executive Director, Veracity by DNV, said: “We are pleased to welcome OceanOpt to Veracity by DNV’s network of integrated solution partners.”

“Their efforts to deliver timely and good quality data management for the Bernhard Schulte fleet is especially noteworthy, and we look forward to working with OceanOpt in helping our common customers obtain, manage and maximize the use of verified emissions data.”

 

Photo credit: Venti Views on Unsplash
Published: 3 September, 2024