ECO Insight – Easing compliance with European CO2 monitoring scheme

DNV GL’s recently launched fleet performance management portal ECO Insight can already help shipping companies fulfil the EU requirements that will be imposed in 2018. By enabling a holistic approach to monitoring vessels, ECO Insight is a solution to the European Union’s Monitoring, Reporting, Verification scheme as well as voluntary environmental reporting schemes like Clean Cargo Working Group (CCWG), Environmental Ship Index (ESI) and Clean Shipping index (CSI).

Starting on the 1st of January 2018, shipowners will be obliged to monitor CO2 emissions for every vessel above 5.000 GT. These new rules were agreed upon by both the European Parliament and the European Council on the 18th November as a substitute for the previously discussed emission trading scheme for shipping.

“ECO Insight allows shipping companies to use their existing ship-to-shore data collection procedures, and conduct comprehensive performance and environmental management at the same time”, says Dr Torsten Büssow, DNV GL’s Head of Fleet Performance Management. 

ECO Insight can help customers assess and optimise voyage, engine and systems as well as hull and propeller performance. At the same time ECO Insight allows for environmental reporting and management. 

ECO Insight enriches own fleet data with industry data, such as fuel oil consumption benchmarks based on AIS tracking of specific fleet segments. It has built-in data feeds to the voluntary industry schemes CCWG (Clean Cargo Working Group), ESI (Environmental Ship Index) and CSI (Clean Shipping Index). 

“Fleet Performance Management is high on the agenda in many shipping companies”, Dr Büssow adds, “and we are happy to take away the burden of additional environmental requirements from our customers with the same solution.”