• 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.


2017 May 25

15:02 RF Navy's Pacific Ocean Fleet detachment finished its visit to Jakarta
14:30 RF Ministry of Agriculture approves Strategy of sea terminals servicing fishing ships
14:15 Scorpio Tankers to merge with Navig8 Product Tankers
14:14 Norwegian Bliss' keel laying ceremony held at MEYER WERFT in Germany
13:37 NSAG joint venture wins contract to supply Integrated Platform Management Systems
13:21 Liability cover for Antarctic waters
12:40 New service for project cargo to the Arctic Ocean
12:39 DryShips announces delivery of its newbuilding Suezmax tanker
12:13 Cruise ship Costa NeoRomantica will make her maiden call at port Vladivostok on May 30 (photo)
11:39 Сore functions of London Protocol to participants at workshop in Accra, Ghana
10:55 Arctia strengthens its customer relations team
10:17 Gazprom Neft reports record net income for Q1 2017
09:46 Brent Crude futures price up 0.80% to $54.39, Light Sweet Crude – up 0.76% to $51.75
09:28 Baltic Dry Index down to 934 points
09:12 Keppel secures contract to build LNG carriers worth over S$100m
08:39 Nor Lines and Rolls-Royce sign landmark Power-by-the-hour service agreement
08:14 Wärtsilä propellers and shaft generator system chosen for two new RoRo vessels

2017 May 24

18:01 Finnish Business Community took over AEC Chairmanship at AEC Annual Meeting
17:55 Port of Hamburg’s total throughput up by 1.7 percent at 35.4 million tons in the first quarter of 2017
17:44 RAO/CIS Offshore to be held on 12 - 15 September 2017 in Saint-Petersburg, Russia
17:41 Piraeus Port Authority investment plans tabled at 4th Posidonia Sea Tourism Forum
17:37 Greece is open for cruise industry business says Greek minister at Posidonia Sea Tourism Forum
17:00 Hapag-Lloyd and UASC complete merger
16:26 Throughput of NCSP Group up 1.4% to 50.6 mln t in 4M’17
16:02 MOL starts initiative to develop enhanced operational support tool
15:37 VSM reports record number of merchant vessel orders received by German yards
15:02 Australia develops new blockchain security architecture TBSx3
14:35 Stolt-Nielsen Gas orders two small-scale LNG carriers, with options for three additional ships
14:02 Port of Oakland vessel calls to Southeast Asia up 50 percent
13:44 Port of Hamburg’s total throughput in QI’2017 was up 1.7% at 35.4 mln t
13:23 Vympel Shipyard launches fast patrol boat of Project 12150 Mangust for Sakhalin Border Department of Russia’s FSB (photo)
13:02 ABS launches new and completely mobile application from ABS Nautical Systems
12:31 Pharma logistics services expanding strongly in Antwerp
12:14 “K” Line announces delivery of woodchip carrier “FORESTAL GAIA”
11:49 OSC launches its VLCCs commercial chartering desk
11:17 World’s first LPG-fueled ferry design using GE gas turbine completes HAZID meetings
10:51 BC Ferries will take final acceptance and ownership of its newest vessel, Salish Raven, upon final inspection once the vessel arrives in B.C.
10:20 Brent Crude futures price up 0.22% to $54.27, Light Sweet Crude – up 0.17% to $51.56
09:58 Russian Railways set to facilitate implementation of BAM, Transsib and NLR projects
09:33 Indicative bunker prices go up at the port of Saint-Petersburg (graph)
09:15 Baltic Dry Index down to 949 points

2017 May 23

18:10 Passenger Port of Saint Petersburg welcomes maiden call of Mein Schiff 3
17:51 Spliethoff further extends its Medliner service to Sagunto, Spain
17:27 RF Navy's Black Sea Fleet practiced rescuing a crew of conditionally distressed submarine
17:06 Wagenborg installed the Bøkfjord bridge in Kirkenes (Norway)
16:44 Sovcomflot demonstrated TCE revenues of USD 274.4 million in Q1’17 amid tanker market slowdown
16:35 Keppel to build two additional dredgers worth S$120 million for Jan De Nul
16:22 CMA CGM launches service between the west coast ports of North, Central and South America
16:13 Severomorsk major landing ship of RF Navy’s Northern fleet finished completing tasks in the Mediterranean and entered the Atlantic Ocean (photo)
15:50 Ukraine’s water transport carried 3,000 passengers in Jan-April'17, down 3.3%, Y-o-Y
15:25 Accra, Ghana will host the Ports and Intermodal West Africa Conference on 17-19 July 2017
15:04 Vallianz scores new charter contracts worth up to US$ 115 million for 4 vessels
14:49 TTS Group signs new contract for naval vessels
14:21 Design of nuclear-powered icebreaker-leader discussed at the Krylov Centre
13:56 Igor Ponomarev elected as Director General of Severnaya Verf shipyard (photo)
13:29 Okskaya shipyard sent fourteenth tanker of Project RST27, Balt Flot 15, for sea trials (photo)
13:02 Essar Shipping acquires a Panamax vessel of 74,005 DWT
12:43 MOL sets sights on construction of LNG-fueled tugboat
12:07 Rashid Sharipov elected as Chairman of NCSP BoD (photo)
11:42 Bunker prices show no considerable changes at the Far East ports of Russia (graph)