• 2014 February 14 17:33

    DNV GL ceases to provide validation and verification services for CDM

    Due to the current downturn in international carbon markets, without signs of a recovery in the foreseeable future, DNV GL has decided to cease providing validation and verification services for CDM projects and other international climate change mitigation projects, the company said in its press release.

    DNV GL has been a pioneer in the validation and verification of Clean Development Mechanism (CDM) projects and other international climate change mitigation projects and is the largest verifier of CDM project activities.

    Recently, the price of carbon credits on the international carbon market has dropped to a level that no longer provides incentives to invest in climate change mitigation projects. The number of projects has decreased to less than one-tenth of the volume seen 1 year ago. As a consequence of this downturn in the carbon market, DNV GL has had to significantly reduce its activities and thus resources. The current volume of work is no longer sufficient to support the number of qualified staff needed to meet accreditation requirements.

    As DNV GL sees no visible signs of a recovery in the foreseeable future, DNV GL has thus made the strategic decision to cease providing validation and verification services for CDM projects and other international climate change mitigation projects. DNV GL believes that it can have a better impact for a safe and sustainable future by providing other climate change services and focusing on new initiatives.

    “We will continuing to offer climate change mitigation services and engaging in local and regional initiatives, such as the EU and Californian emission trading schemes, DNV GL is building positions related to carbon footprinting and labelling. Support also continues for the transfer and successful deployment of climate change mitigation technologies trough, for example, our engagement in the UNFCC Climate Technology Centre and Network (CTCN). There is also strengthened focus on climate change adaptation, which we believe will be increasingly important going forward” says Bjørn K. Haugland, Chief Sustainability Officer DNV GL Group and adds “with more than 3000 experts world-wide working with renewable energy and power transmission & distribution we have a strong commitment on supporting the transition to a low carbon future”.

    The cease of providing validation and verification services will not be immediate. While not taking on new projects, DNV GL will, to the extent possible, try to minimize the consequences for customers.

2016 October 21

15:54 Port of Gdansk returns from China with yet another LoI
15:32 Contract award for Sea Trucks Group in West Africa
15:10 Cargo transportation by Ukraine’s water transport up 0.6% to 4.8 mln t in 9M’16
14:46 FESCO’s 8M’16 revenue down 28.4% to $351.8 mln
14:18 ClassNK issues AIP for LNG bunkering vessel design
13:44 Rosmorport appoints Yury Akhmedov as Acting Deputy Director of its North-Western Branch, Head of Ust-Luga department (photo)
13:12 The Danish Maritime Authority embarks on a future with unmanned ships
12:46 Total traffic of aluminum via Troitsa Bay Seaport (Primorsky Territory) exceeded 35,000 t this year (photo)
12:18 Bollinger delivers 20th fast response cutter to USCG
11:57 Northern Sea Route traffic to reach 6 mln t in 2016 – NSR Administration
11:09 Bunker market of port Saint-Petersburg shows moderate growth of prices (graph)
10:44 Brent Crude futures price down 0.02% to $51.38, Light Sweet Crude – down 0.14% to $50.56
10:33 Russian Railways supports direct control of prices for stevedores’ services
10:25 Rolls-Royce to power New York’s newest luxury ferry
09:46 Rosmorport’s Arkhangelsk department takes delivery of ice-class buoy tender Kapitan Shershnev (photo)
09:21 Baltic Dry Index up to 849 points
09:12 Mission to Seafarers and DSM announce Teesport joint working pilot

2016 October 20

18:25 Van Oord and GMB install dike pin on HOP section
18:04 Evergreen Line enhances Asia-Australia network
17:58 Port of Gdansk throughput up 4.1% to 27.87 mln t in 9M’16
17:46 ECSA: The Polar Code will protect the environment of the Arctic
17:26 Project department entrusted with new projects
17:10 CMA CGM inks first MoU with ENGIE to promote LNG
16:48 Construction of passenger terminal at Pionersky (Kaliningrad Region) to begin this year
16:29 ABS, SHI conclude JDP for new TLP design
16:12 Poland expects next LNG delivery at Świnoujście terminal
15:53 Russia’s antitrust watchdog threatens some stevedores with higher berth rent
15:37 Shipping industry united in seeking further progress on CO2 at critical IMO meeting
15:32 MABUX: Bunker prices may have some chances to rise slightly next week.
15:21 Nakilat and Shell agree on LNG carrier management transition
14:57 Murmansk Region Development Corporation to purchase a passenger ship for Arctic cruises
14:36 Number of foreign cruise tourists at Russia’s sea and river transport to grow by 10-15% to 800,000 persons in 2016 (photo)
14:18 Panama accedes to global treaty to halt invasive aquatic species
14:02 Crowley to supply Alaska LNG to Alaska Power & Telephone Company’s power plant in Tok
13:19 OOCL updates ports rotation on AAS service between Asia and Europe
12:57 NCSP has fulfilled its obligation to pay interim dividend for the six months of 2016
12:34 Rolls-Royce powered composite vessels enter service with Qatari Coast Guard
12:10 Fuel oil prices are still high at the Far East ports amid the deficit in the region (graph)
11:46 Rolls-Royce to supply first automatic crossing system to Norwegian ferry company Fjord1
11:07 TransContainer carried 1.12 mln TEUs in 9M’16, up 7.3%, Y-o-Y
10:39 CNII Kurs to establish import substitution center for production of shipboard equipment
09:58 Brent Crude futures price down 0.49% to $52.41, Light Sweet Crude – down 0.60% to $51.51
09:16 Baltic Dry Index down to 872 points

2016 October 19

18:00 OPDR announces introduction of its new PENN service
17:31 New warehouse opened at ABP Newport to accommodate continued growth
16:49 New HELCOM assessment on networks of marine protected areas
16:20 Eimskip acquires the reefer logistics company Extraco
15:44 Dredging at port Sabetta scheduled for 2016 completed in full (photo)
15:10 Port of Gothenburg to construct a new road link at the Logistics Park
14:50 Baltic Customs uncovers illegal scheme used to export 12,000 t of bunker without payment of customs dues
14:32 Vroon and Barge Master team up on Next-Generation walk-to-work vessel
14:05 Port of Tauranga welcomes the largest container ship to ever visit New Zealand
13:32 Klaipeda Seaport cargo handling turnover up by 3,4 pct. to 29,60 mln tn in January – September of 2016
13:12 Massive turbine parts to generate Puerto Rico power move through JAXPORT
13:02 Qatargas and PETRONAS ink new 5 year LNG Sale and Purchase Agreement
12:45 Port of Vladivostok to welcome world’s largest cruise ships upon completion of dredging works (photo)
12:30 Ports of Stockholm inaugurates new pier and passenger terminal
12:12 MSC to resume MAPLE service
12:10 DP World signs MOU to develop logistics in Ukraine
11:25 Port of Oakland reports operating revenue of $338 million for the year ending June 31