Shipping companies will need to prepare a monitoring plan by 31 August 2017 at the latest for each of their ships that falls under the jurisdiction of the Monitoring, Reporting and Verification regulation set to become fully effective on 1 January 2018, as explained by classification society DNV GL.
The MRV regulation, which entered into force on July 1st, 2015, aims to quantify and reduce CO2 emissions from shipping and requires ship owners and operators to annually monitor, report and verify CO2 emissions for vessels equal to or larger than 5,000 GT and which call at any EU port.