Meteo Group

FleetGuard helps shipping companies comply with new EU-MRV regulation

March 2017: FleetGuard, MeteoGroup’s interactive tool for live fleet monitoring, planning and vessel optimization, helps shipping companies fully comply with the EU and IMO monitoring, reporting and verification (MRV) regulation, which requires companies report on the CO2 emissions of its vessels as of 1 January 2018.

All shipping companies operating vessels larger than 5,000 gross tonnage and calling at any EU port, will be required to submit a plan for monitoring, reporting and verifying its CO2 emissions by 31 August 2017, with data collection due to commence on 1 January 2018. Monitoring is required on a per ship and voyage basis and, amongst others, will need to cover amount and emission factor for each type of fuel consumed in total, CO2 emitted, distance traveled and time spent at sea, all of which can be logged using MeteoGroup’s FleetGuard tool. 

FleetGuard, an integrated solution for fleet monitoring, planning and optimization, can help shipping companies ensure that they adhere to the new regulations and those already imposed by the International Maritime Organisation (IMO). Its flexible and dynamic noon reporting system and pivot style database collects all data required by the verification body and an API for third party systems offers an easy connection for transfer of compulsory monitoring data. 

A concern for shipping companies is the accuracy of the information they are collecting and a significant amount of time is spent verifying data. FleetGuard supports customers with smart algorithms and experienced analysts, ensuring the validity of all data submitted.

What are the most effective ways of reducing fuel consumption and emissions?
Studies show the shipping industry can potentially reduce fuel consumption by up to 55%, with weather routing and speed reduction named as two of the 10 most effective existing measures, reducing emissions by 1-4% and 17-34% respectively and cost savings of up to 280€ per tonne. Weather routing and performance optimisation can be planned and monitored by FleetGuard to ensure shipping companies reduce emissions without compromising efficiency or ETAs. Read the full report here: http://bit.ly/2mIkVKO 

FleetGuard acts as a complete analysis tool, not only ensuring monitoring regulations are adhered to, but also acting as a performance tool. Companies can monitor their own KPI’s, such as bunker type and consumption, speed, time and ETAs. User defined weather limits and restrictions, and extreme weather warnings ensure vessels are sailing at their optimum, helping to actually reduce fuel consumption and CO2 emissions. 

Christel Pullens, Sales Director for Shipping at MeteoGroup said, “As a leading provider of weather solutions to the shipping industry, FleetGuard already provides added value to over 100 shipping companies. The new regulations imposed by the EU now mean that reporting is in the forefront of many people’s minds, and I’m very pleased that MeteoGroup and FleetGuard are able to help more shipping companies meet these new requirements.” 

The report data from the EU MRV regulation will be published by the EU by 30 June 2019. 

You can find more information on FleetGuard here: https://www.meteogroup.com/product/fleetguard

Or for more information on the MRV regulation visit: http://www.lr.org/en/services/environment-and-sustainability/MRV-regulation.aspx 

For more information please contact:

Mark Streuper
International Account Manager
mark.streuper@meteogroup.com
+31 (0) 6 835 95 082

Polly Kirk
Marketing & Communications Manager
polly.kirk@meteogroup.com
+44 (0)203 868 3300

About MeteoGroup
MeteoGroup is one of the world’s leading global full-service B2B weather solutions businesses, operating across all sectors where weather impacts business decision making. Our research and forecasts help customers make more effective critical decisions, increasing revenues, saving costs, improving sustainability and reducing risk. Our team of expert and experienced meteorologists is available 24/7 to deliver the highest quality analysis and advice. With offices in 17 countries around the world, MeteoGroup is in an ideal position to provide local services to a global audience.
 
In addition to the weather solutions we provide to corporate, industrial and media customers, MeteoGroup is also the company behind the best-selling apps WeatherPro and MeteoEarth and numerous weather websites.
 
MeteoGroup is backed by General Atlantic, one of the largest private investments firms in the world whose focus is building industry leaders in high growth sectors. This relationship provides unparalleled access to both advice and funding to underpin MeteoGroup’s ambitious expansion plans. 
 

The new regulations imposed by the EU now mean that reporting is in the forefront of many people’s minds, and I’m very pleased that MeteoGroup and FleetGuard are able to help more shipping companies meet these new requirements.

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