• 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 January 17

17:54 Subsea 7 announces offer for Seaway Heavy Lifting
17:24 Russian crude exports via oil terminal Kozmino in 2016 rose 4.6% to 31.8 million tonnes
17:06 Castor Networks launches new worldwide one stop shop formula for maritime IT and communication after takeover Watum Solutions
16:11 Vyborg Shipyard and Arkhangelsk Trawl Fleet ink an agreement for optional and modified ST series trawlers (photo)
16:02 Hapag-Lloyd announces new FAK rate from Far East WB - ISC to Europe North Continent & Med
15:28 Russia's Port of Nakhodka throughput in 2016 rose 9.4% to 23.3 million tonnes
15:14 Bunker prices at Far Eastern ports remain flat (graph)
14:24 Moldova-flagged dry bulk carrier refloated at Port of Azov
14:13 VARD signs Letter Of Intent with international cruise company
13:40 Cargo transportation by inland water ways of Russia down 2.9% to 117.9 mln t in 2016
13:02 CMA CGM announces GRI from Asia to Mexico, West Coast of South America (WCSA) & West Coast of Central America (WCCA)
12:21 Boskalis receives LOI for EUR 480 million port development project in Oman
12:12 TTS Group delivers TTS shipset to COSCO/Shanghai Shipyard
11:59 Peter Döhle turns to MacGregor for 70-ship service agreement deal
11:58 Throughput of port Olga (Primorsky Territory) up 13.4% to 1.529 mln t in 2016
11:01 Throughput of port Posiet (Primorsky Territory) up 26.6% to 8.202 mln t in 2016
10:40 Throughput of port Vostochny (Primorsky Territory) up 5.2% to 68.533 mln t in 2016
10:09 Throughput of port Vladivostok (Primorsky Territory) up 11.2% to 14.349 mln t in 2016
09:35 Throughput of port Helsinki (Finland) up 1.9% to 11.62 mln t in 2016
09:17 Baltic Dry Index up to 925 points

2017 January 16

18:02 Naval flag of Russia hoisted on new anti-terror vessels of the Northern Fleet
18:01 DCT Gdansk volume up to 1,3 million TEU in Dec 2016
17:58 Eastern Shipbuilding selects MAN 28/33D STC Engines for US Coast Guard Offshore Patrol Cutter Programme
17:46 Throughput of port Taganrog down 19.4% to 2.36 mln t in 2016
17:40 The first batch of rolled Magnitogorsk Metallurgical Combine is sent on the dry cargo ship RSD49 project "Zhibek Zholy"
17:35 Hull biofouling environmentally more damaging than ballasting
17:17 Throughput of port Kavkaz up 3% to 31.62 mln t in 2016
16:59 Diana Shipping announces time charter contracts
16:54 Throughput of Murmansk Sea Fishing Port down 17.3% to 308,900 t in 2016 (photo)
16:29 RF Transport Ministry will develop draft law for reorganization of FSUE Rosmorport into PJSC
16:03 Gener8 Maritime announces delivery of "ECO" VLCC Gener8 Hector
15:31 Royal IHC launches DEME’s LNG-powered TSHD SCHELDT RIVER
15:08 Average wholesale prices for М-100 HFO up to RUB 11,833 in RF spot market
14:46 Rosmorport issues information on current ice situation and icebreaker assistance at freezing ports of Russia
14:25 Maersk Line rises dry cargo rates from Far East Asia to United States & Canada
13:57 Icebreaker Krasin arrives at Vanino seaport (photo)
13:30 Abu Dhabi Terminals 2016 H1 throughput volume up 11% in H1 2016
13:02 ICTSI Manila hits 2M TEU milestone
12:42 ADT welcomes 3 new STS quay cranes at Khalifa
12:31 First batch of MMK rolled metal shipped by Zhibek Zholy, dry cargo ship of Project RSD49
11:59 Vessels of Project RSD49, Neva-Leader type, were actively used by North-Western Shipping Company for grain transportation in 2016
11:26 Finland’s first LNG-fueled icebreaker Polaris bunkered in Pori
11:00 Lower gates of Mälkiä lock will be renewed during the winter closure of Saimaa Canal
10:54 BW names second LNG FSRU newbuilding the BW Integrity
10:38 Port of Nansha owner Guangzhou Port Group expand offices into Europe
10:12 Brent Crude futures price up 0.29% to $55.61, Light Sweet Crude – up 0.27% to $52.51
09:43 KN upgrades tank truck filling station
09:17 Baltic Dry Index up to 910 points

2017 January 14

10:19 Maersk Line announces new rates from Middle East & Indian Subcontinent (India, Bangladesh, Sri Lanka & Pakistan) to North Europe
08:21 180,000 tdw Capesize resale joins to Oldendorff Carriers fleet
08:16 Maersk Line rises rates from Middle East & Indian Subcontinent (India, Bangladesh, Sri Lanka & Pakistan) to Mediterranean and Black Sea
08:15 Deltamarin supports Teekay Offshore in a unique brownfield FPSO project

2017 January 13

18:04 Initial EU ship recycling list shows clear need for global mind-set
18:02 Regional maritime piracy agreement broadened to cover other illicit maritime activity
17:59 Royal IHC wins several contracts at the end of 2016
17:56 State Duma passed in the first reading the bill on short-sea shipping in Russia
17:54 CMA CGM updates Terminal Handling Charge in Ust-Luga and Kaliningrad, Russia
17:28 NIBULON continues implementing its shipbuilding programme as part of cooperation with EIB
16:47 NOVATEK’s marketable hydrocarbons production totaled 537.9 mln boe in 2016, up 3.1% Y-o-Y
16:09 Throughput of Russian seaports up 6.7% to 721.9 mln t in 2016