VPS and Veracity Partner to Simplify MRV Reporting for Offshore Vessels

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  • VPS has entered into a Partner Agreement with Veracity, DNV’s maritime emissions cloud, to enhance MRV reporting for offshore vessels.
  • The integration will automate data transfer from VPS’s Maress system to Veracity for real-time verification and secure emissions reporting.
  • The partnership prepares fleet operators for upcoming regulatory requirements, such as the EU Emission Trading Scheme (ETS) starting in 2027 for vessels over 5,000 GT.
  • VPS’s Maress platform is already in use by over 600 offshore vessels, supporting fuel and emission monitoring and optimization.

VPS, a leading provider of digital decarbonization services for the shipping and offshore sectors, has entered into a Partner Agreement with Veracity, the maritime emissions cloud from DNV, to streamline the Monitoring, Reporting, and Verification (MRV) reporting process for offshore vessels. Reported by VPS Veritas, this partnership aims to automate and simplify emissions reporting, ensuring compliance with future regulatory requirements and promoting sustainability within the offshore industry.

Streamlining MRV Reporting: A Seamless Data Integration

Through this partnership, operational MRV data from VPS’s Maress system will be seamlessly transferred to the Veracity platform, where it will undergo real-time data verification by DNV’s trusted verification services. By automating data collection, validation, and verification, this integration will significantly reduce administrative burdens for fleet operators. It will also ensure that operators are well-prepared for the upcoming European Union Emission Trading Scheme (ETS) in 2027, which will apply to vessels over 5,000 GT.

Sveinung Økland, Operation Manager at North Sea Shipping, expressed his excitement about the collaboration, stating, “We collect all consumption data for our fleet in Maress and are thrilled that the validated and checked data in Maress will automatically flow to DNV for efficient verification. This reduces the administrative work related to MRV reporting for our staff.”

A Step Toward a Data-Driven Maritime Industry

Mikkel Skou, Executive Director at Veracity, DNV, emphasized that this partnership is a critical step toward advancing the maritime industry’s shift to more data-driven and connected operations. As verified emissions data becomes crucial for both regulatory compliance and contractual obligations, this collaboration will simplify the emissions reporting process. Fleet operators will be able to share vital data with confidence, knowing that it is verified, facilitating seamless reporting across the maritime value chain.

Preparing for New MRV Regulations

With new MRV regulations coming into effect on January 1, 2025, offshore vessels over 400 GT entering EU/EEA ports will need to comply. To help meet these new regulations, VPS’s Maress system features an MRV Reporting Module supporting data validation, voyage validation, and automated data transfer to Veracity. Maress’ advanced data quality algorithms minimize the need for verification cycles, accelerating the compliance process and ensuring that vessel owners receive verified voyages ready for upload to Thetis MRV.

Jan Wilhelmsson, COO of Digital & Decarbonization at VPS, highlighted the importance of this partnership in improving MRV reporting accuracy for the offshore industry. “By combining VPS’s expertise in data-driven decarbonization with DNV’s trusted verification platform, we are equipping offshore vessel operators with the tools to streamline compliance and accelerate their sustainability goals.”

Impact on the Offshore Sector

The partnership is already benefiting over 600 offshore vessels, including PSVs, AHTSs, OCVs, and others, which are using the Maress platform for fuel and emission monitoring, optimization, and reporting. VPS’s summer campaign saw 300 vessels participate, with some achieving up to a 28% reduction in emissions through the use of Maress’ dashboards for collaboration and monitoring of decarbonization initiatives.

Maress also plays a crucial role in enabling collaboration between vessel owners, charterers, crews, and operators in the offshore and offshore wind industries to meet their decarbonization targets, further enhancing sustainability efforts within the sector.

Conclusion

This partnership between VPS and Veracity represents a significant step toward enhancing MRV reporting efficiency and promoting sustainability in the offshore sector. By combining VPS’s expertise in data-driven decarbonization and DNV’s trusted verification platform, the collaboration provides offshore vessel operators with the tools needed to meet regulatory requirements, simplify compliance, and accelerate their sustainability goals.

 

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Source: VPS Veritas