• News
  • Press Releases
  • Renewable News
  • Wind

Arcadia Shipmanagement receives first DNV GL verified EU MRV monitoring plans


Piraeus, 2 June 2017: Arcadia Shipmanagement Co Ltd became the first company to receive verification from classification society DNV GL for compliant monitoring plans for their whole fleet under the new EU MRV regulation. The company was presented with a certificate recognizing the achievement at DNV GL’s Piraeus office.

“We are very proud to be the first shipping company to have been awarded the verified EU MRV management plans, for our fleet, by the world’s leading classification society, DNV GL”, said Mattheou Dimitrios, Managing Director of Arcadia Shipmanagement Co Ltd. “This verification marks the first milestone for smooth compliance with the EU MRV regulation.”

“At Arcadia we are committed to providing safe and reliable transportation of oil by sea and continue to broaden the values and ideas that build safety and environmental excellence, applying effective management systems to comply with incoming regulations to consistently achieve reliable and environmental incident-free performance,” Dimitrios added.

The EU MRV (Monitoring, Reporting, Verification) regulation entered into force on 1 July 2015, and it requires ship owners and operators to annually monitor, report and verify CO2 emissions for vessels larger than 5,000 gross tonnage (GT) calling at any EU and EFTA (Norway and Iceland) port. Data collection takes place on a per voyage basis and starts 1 January 2018. The aggregated ship emission and efficiency data will be published by the European Commission by 30 June 2019 and then every consecutive year.

“We would like to congratulate Arcadia Shipmanagement for being the first to receive EU MRV management plan verification, for their whole fleet, by DNV GL. It demonstrates their willingness to ensure that their vessels are out in front of the market in terms of compliance and in their sensitivity to the environment,” said George Teriakidis, Business Development Manager, DNV GL – Region South East Europe & Middle East. “The EU MRV is the first of many regulations that will require more of the shipping industry in terms of data collection and sharing. We have invested in developing our competence and services for this new regime, including putting in place a set of digital solutions that will make compliance as simple and transparent as possible for our customers,” he adds.

To learn more about EU MRV compliance visit http://dnvgl.com/mrv

About Arcadia Shipmanagement

Arcadia Shipmanagement Co Ltd manages a modern fleet of 15 oil tankers (seven Suezmax and eight Aframax), with four of the Suezmaxes being delivered by Hyundai Heavy Industries in 2016 and 2017. The company and all fleet vessels are conforming to the requirements of ISO 9001, 14001, 50001 and OHSAS 18001. Arcadia is a member of Helmepa and Intertanko, is a “Green Award” certificate holder, and in 2007 was given the Lloyd’s List “Tanker Company of the Year Award”.

The company is dedicated on delivering the highest quality management service, focusing on safety and environmental friendly operations, aiming on cost effectiveness, continuous improvement and sustainability. To achieve these, Arcadia is dedicated to develop and extend a strong working relationship with all parties involved in international oil trade, based upon mutual trust and reliability.

By setting and achieving tougher voluntary standards, the company continues the efforts towards the reduction of identified environmental impacts to air, sea and land and the conservation of energy and materials through recycling and waste reduction programs.


About DNV GL

Driven by our purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. We provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas and energy industries. We also provide certification services to customers across a wide range of industries. Operating in more than 100 countries, our professionals are dedicated to helping our customers make the world safer, smarter and greener.

About DNV GL – Maritime

DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges. For more information visit www.dnvgl.com/maritime