Independent accreditation body Verifavia Shipping has certified the Fueltrax fuel monitoring solution as meeting the requirements of the European Union’s Monitoring Reporting and Verification (MRV) regulations and IMO Data Collection System (DCS) requirements.
The EU MRV regulation requires ships of 5,000 gross tons or higher to collect data from previous years to monitor CO2 emissions, fuel consumption, and other parameters, such as distance traveled, time at sea, and cargo carried on a per voyage basis. This data is used to compile annual data into an emissions report submitted to an accredited MRV shipping verifier.
Fueltrax says this reporting saves its client’s time by providing the essential tools to assist in verifying that they are meeting the regulatory needs of EU MRV and IMO DCS.
Reports will be generated by Fueltrax teams using data collected via Fueltrax EFMS on board. IMO DCS data that Fueltrax provides is the totalized fuel consumption for the entire year as required for reporting per the regulation.
As Fueltrax continuously collects an independent GPS signal, EU MRV data can be provided per voyage between EU ports as required.
Nicolas Duchêne, Chief Operating Officer & VP Technical, Verifavia Shipping, said: “Ship owners and operators need confidence in the system they choose to review their fuel data and Fueltrax is a system which optimizes fleet-wide reporting while minimizing resource and costs. Verifavia’s specialist team uses its extensive experience to provide an independent and efficient certification service. We know that certification provides our customers with third-party verified assurance that the systems meet the highest standards in emissions monitoring and reporting.”
John Donovan, VP Operations, Fueltrax, said: “In a post-2020 world every drop of fuel matters. Early adopters who have already been using Fueltrax are ahead of the curve as our system possesses multiple control measures to mitigate the rising cost of fuel. We are so excited to now offer compiling and generating of MRV and IMO DCS reporting to help fleets collect this additional data for IMO 2020 compliance and for their own carbon output analysis.”