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Athens-based IMAREM has today announced the launch of its new solution for the monitoring, reporting and verification (MRV) of vessels' carbon dioxide (CO2) emissions.

The company's MRV programme is designed to offer shipping companies a complete solution to the new EU legal requirements regarding the monitoring, reporting and verification of CO2 emissions.

The programme forms part of IMAREM's energy and emissions management system (the Positive Ship Programme) and has been launched to help shipping companies comply with the new EU MRV Shipping Regulation in an effective and economical way, reduce their administrative burden and provide them with compliance solutions for optimal low-carbon and energy efficient operations.

"Building on IMAREM's expertise and our robust monitoring and reporting emissions management system, backed by IMAREM's advanced online platform, the MRV Programme constitutes a continuous 'support package' solution tailored to the needs of shipping companies with all the necessary tools, technical and policy guidance needed to comply with the new legal requirements," the company said in a statement.

Commenting on the potential difficulties for shipping firms following the implementation of new regulations, IMAREM said: "The new EU MRV Shipping Regulation which entered into force on the 1st of July 2015, is going to present a number of new challenges for shipping companies. Difficulties may arise in understanding the new regulatory requirements, preparing vessel-specific monitoring plans, developing accurate emission reports, which constitute a strategic decision for shipping companies and require a high degree of expertise over several vessel-specific technical/operational parameters and characteristics."

Helena Athoussaki, IMAREM's Chief Strategist & CEO commented: "The MRV Programme helps shipping companies act strategically on energy efficiency and compile complete, technically reliable and transparent documents. The MRV Programme guarantees companies that all necessary documents are sent on time and at the correct format to the European Commission and the respective flag States in line with the EU Regulation."

In addition, the MRV Programme is designed to help minimize misstatements and non-conformities, and thus make the verification process as smooth as possible at a minimum cost.