Bureau Veritas and Ascenz join forces in ship performance agreement

As well as providing ship performance benefits, Ascenz’s Shipulse solution incorporates monitoring and reporting requirements for MRV compliance

Neuilly-sur-Seine, France - July 19, 2017

Bureau Veritas and Singapore based Ascenz have signed a memorandum to provide ship performance and monitoring solutions to shipowners world-wide.

The agreement will enable Bureau Veritas to offer Shipulse, Ascenz’s solution for real time ship performance and monitoring. Shipulse captures critical shipboard data to provide insights for better decision making, fuel savings and optimized vessel performance. The data captured covers fuel consumption, bunkering activity, engine, hull and propeller performance.

Bureau Veritas will market Shipulse across its network to offer complementary services and analysis tools based on ship modelling capabilities, data analysis across fleets, and the ability to integrate BV software - such as weather routing and trim optimization - with Shipulse.

Chia Yoong Hui, CEO, Ascenz said, ‘The key value of Shipulse is to bring critical performance information as accurately and seamlessly as possible to shipowners. We are excited that through this co-operation agreement we will be able to enhance our offering and leverage BV’s expertise in vessel performance.’

Tihomir Kezic, Bureau Veritas’ Regulatory Services Director, said, ‘By joining forces with Ascenz we are able to provide solutions to shipowners that connect compliance with performance management to help ensure efficiency and environmental performance as well as safe operations.’

Shipulse’s CarbonComply module supports MRV monitoring and reporting requirements. As an EU MRV Recognized Organization, Bureau Veritas recognizes Ascenz’s 'CarbonComply’ module.

CarbonComply enables automated monitoring and reporting of ship CO2 emissions under EU-MRV regulation requirements. Reporting is a natural output of the Shipulse fuel consumption data and performance analysis. A unique capability of CarbonComply is to register voyages automatically without the need for manual calculations to breakdown fuel consumption or emissions on a per voyage basis. Furthermore, the system is able to detect and classify different voyage stages such as sea passages, maneuvering, drifting and to identify when a ship is either moored or at anchor. This then allows for greater granularity from profiling emissions associated with a sea passage versus that from time spent when anchored.

Ultimately, CarbonComply makes the monitoring and reporting process for EU-MRV compliance more efficient for shipowners and helps shipowners address their risk of non-compliance.

About Ascenz
Ascenz was founded in 2008 and is a key provider of vessel performance solutions for shipowners and operators around the globe to better manage and make operational decisions for their fleets. Shipulse is installed on more than 400 vessels across ocean-going, workboat and bunkering sectors. Ascenz provides operational insights on more than 800 million litres of fuel consumed annually for customers. Ascenz is headquartered in Singapore and operates from 6 offices in Asia and 2 offices in Europe. Ascenz’s solution has been approved by PWC as compliant with EU-MRV regulation. Corporate website www.ascenz.com

About Bureau Veritas
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 69,000 employees in around 1,400 offices and laboratories located all across the globe.

Bureau Veritas helps its clients to improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

[Bureau Veritas has been accredited by UKAS as recognized EU-MRV verifier]
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.

Compartment A, ISIN code FR 0006174348, stock symbol: BVI. Marine client portal www.veristar.com

Bureau Veritas press release