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PRESS RELEASE - 30/06/2017

The first fleet to be entirely MRV compliant is d’Amico Group and verified by RINA

RINA Services has verified that the entire fleet of the d’Amico Group has met the Monitoring, Reporting and Verification of CO2 emissions Regulation (MRV) requirements according to EU 2015/757 Regulation. The fleet comprises 36 vessels which are managed by d’Amico Società di Navigazione and 35 vessels managed by its subsidiary Ishima Pte. Ltd.

This new regulation was developed in response to the challenge of reducing greenhouse gases in European territories to the 2050 targets set by EU. By 2030 GHG must be reduced at least by 40% below 1990 levels. The EU Commission strategy suggests that the CO2 emissions from maritime transport should be cut by at least 40% from 2005 levels by 2050.

MRV is compulsory and is applicable to ships greater than 5000 GT, which undertake one or more commercial voyages (cargo or passengers) into, or out of, EU ports.

By August 2017, ship owners must submit to their verifier the CO2 Monitoring Plan of each ship of their fleet and, from 2018 onwards, they will have to monitor the emissions, fuel consumption and other parameters, which will have to be yearly reported and verified.

“We created the Fleet Performance Monitoring department more than five years ago. We were among the first ones in Europe to do so and this allowed us to gain a significant competitive advantage on MRV compliance. We recognised the environmental and commercial benefits of meeting the new regulations and we are pleased to have worked with RINA on this initiative” said Salvatore d’Amico, Fleet Director of d’Amico Group.

d’Amico’s Monitoring Plan consists of a complete and transparent documentation of the monitoring methods, contains all the ships’ relevant information and a description of the procedures, systems used for determining, recording and storing all measurements required by the Regulation.

“We are particularly pleased to have worked with d’Amico on this task. They are the first company to have the entire fleet MRV verified by RINA. We have been accredited by ACCREDIA for this activity and we are also a designated operational entity (DOE) accredited by UNFCCC (United Nations Framework Convention on Climate Change) for the validation and verification of CDM projects. We have all the credentials and the experience to assist the maritime industry in contributing to the global greenhouse gas emissions reduction” said Paolo Moretti, CCO Marine & Transport, RINA Services.

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