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Live From SMM 2016
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Chia Yoong Hui, founder, chairman and ceo of Ascenz

Ascenz’s Shipulse tool eyes MRV validation

Singapore-based Ascenz is working towards achieving assurance from a verifier for its risk monitoring and compliance tool, Ascenz Shipulse, to be MRV (Monitoring, Reporting and Verification) compliant.

Chia Yoong Hui, founder, chairman and ceo of Ascenz, said the company has engaged global professional services firm PwC to do the verification for its Ascenz Shipulse, a tool that enables fleet operations and procurement professionals to monitor thousands of ships for performance or disruptive events.

“We have conducted trainings for our staff on the MRV regulations and we are in the process of getting our system assured by PwC for MRV compliant,” Chia told Seatrade Maritime News at SMM 2016 in Hamburg, Germany on Thursday.

The MRV regulations set out a procedure for measuring carbon dioxide emissions by monitoring bunker consumption. All ships needing to comply with the regulations will require emissions to be monitored, verified by an independently certificated body and with a document of compliance issued by August 2019. But ship-specific MRV plans approved by accredited verifiers will first have to be in place by end-August 2017, ready to be implemented from January 2018.

However, there are no accredited verifiers yet for MRV in the maritime sphere, though PwC is working towards being an accredited verifier, according to Jan Ludolf Heeres, sustainability and responsible governance senior manager at PwC.

Meanwhile, Ascenz is planning to open an office in Hamburg as part of its global market expansion plan, following the establishment of a new office in Rotterdam last month. The company already has a presence in Jakarta, Kobe, Seoul, Kuala Lumpur, Yangon and Taipei.

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