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NAVTOR signed an Integrated Partner agreement with Veracity by DNV, a deal intended to help shipowners and operators simplify reporting, enable sustainable shipping and unlock green finance. \u201cOur ecosystem collects, aggregates and utilizes enormous amounts of business-critical data,\u201d said Bj\u00f8rn \u00c5ge Hj\u00f8llo, Chief Sustainability Officer, NAVTOR. \u201cThat is used to make shipping safer, simpler and more efficient \u2013 automating tasks, reducing fuel consumption, saving costs, and, in short, delivering complete asset awareness and control for our customers. But that data can also be used to unlock \u2018next level\u2019 sustainability gains – turning regulations into business opportunity – when you have the right partners.\u201d<\/p>\n Hj\u00f8llo notes that climate targets, most notably IMO\u2019s GHG ambitions, are supported by a range of regulations, including IMO DCS, EU MRV and, from 1 January 2023, mandatory calculations of annual Carbon Intensity Indicators (CII) for individual vessels. These help dictate access to Sustainable Linked Finance (SLF), whereby, in keeping with the increasingly widely-adopted Poseidon Principles, owners can benefit from lower interest rates on financing and favourable insurance rates. Accurate reporting on these regulations is of fundamental importance.<\/p>\n Stakeholder benefits<\/strong> \u201cThis is something that not only regulators want, but also financial institutions, insurance companies, prospective employees, investors, and a range of other stakeholders. Nobody wants to invest their time, energy or money in companies that aren\u2019t focused on the future.<\/p>\n Tor Svanes, CEO, NAVTOR and Barry Authers, head of solution sales and partnerships, Veracity, DNV. Photo courtesy NAVTOR<\/span><\/span><\/span><\/p>\n One of NAVTOR\u2019s key customers is Eagle Bulk, which is using verified data to report carbon intensity performance under their $400 million sustainability linked credit facility. They are saving, he says, \u201csignificant costs, time and resources.\u201d<\/p>\n \u201cThe integration between NavFleet by NAVTOR and Veracity by DNV has improved the efficiency and quality of Eagle Bulk\u2019s MRV and DCS reporting,” said Jonathan Dowsett, Director of Fleet Performance at Eagle Bulk. “By automating the transmission of our fleet emissions data at more frequent intervals, we have simplified compliance while also improving visibility into our decarbonization trajectory and reducing workload.\u201c<\/p>\n For its part, DNV also sees huge value in the partnership, demonstrating the capabilities of the Veracity platform for an industry in transition. Mikkel Skou, Executive Director, \u00a0Veracity, comments:<\/p>\n \u201cWe are very pleased to welcome NAVTOR as an integrated partner. In Veracity, our ambition is to deliver trust and scale to industry digitalization, and by integrating with key maritime data providers like NAVTOR, we wish to make it easier for the industry to securely share and derive full value out of its quality assured operational data. We look forward to working with the team to help our common customers deliver more accurate GHG reporting with a minimum of manual intervention.\u201d<\/p>\n<\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" NAVTOR signed an Integrated Partner agreement with Veracity by DNV, a deal intended to help shipowners and operators simplify reporting, enable sustainable shipping and unlock green finance. \u201cOur ecosystem collects, aggregates and utilizes enormous amounts of business-critical data,\u201d said Bj\u00f8rn \u00c5ge Hj\u00f8llo, Chief Sustainability Officer, NAVTOR. \u201cThat is used to make shipping safer, simpler and …<\/p>\n","protected":false},"author":1,"featured_media":31369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-31368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/31368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=31368"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/31368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/31369"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=31368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=31368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=31368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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NAVTOR\u2019s systems harvest and aggregate the required data for reporting and, through auto-populating, is designed to reduce administration, with automated reports produced at a “touch of a button.” The firm\u2019s secure, \u2018joined-up\u2019 onboard ecosystem provides a single, integrated platform that, say Hj\u00f8llo, \u201ccovers all the bases\u201d for simple compliance. The agreement with Veracity adds \u201chuge extra value\u201d, explaining: \u201cVeracity provides a vital piece of the puzzle. Vessel data can be transferred to the platform in a seamless digital pipeline, with continuous automated data uploads, reducing the need for manual intervention. This can create shorter reporting cycles, delivering reporting of a much higher resolution and frequency, ensuring greater quality and accuracy.<\/p>\n