PR ENGIE BVS EU ETS Home Press release Carbon -Taxes Advisory Low-carbon advisory and risk management partnership for the shipping industry May. 23 2023 LinkedIn Twitter Facebook share Bureau Veritas Solutions Marine & Offshore and ENGIE announce low-carbon advisory and risk management partnership for the shipping industryCollaboration will offer support to shipowners, operators, and charterers on navigating upcoming GHG Regulatory requirements and in particular carbon markets, including pricing and hedging strategies Paris La Défense, France – 23 May 2023: Bureau Veritas Solutions Marine & Offshore, a technical advisory, asset management and assurance solutions organization, and ENGIE, a global industry leader in low-carbon energy supply and related services, have announced a partnership to provide advisory & hedging services to support shipowners, operators, and charterers in navigating the complexities of GHG reduction requirements.Bureau Veritas Solutions Marine & Offshore (BVS), part of Bureau Veritas, a world leader in testing, inspection, and certification, is joining forces with ENGIE’s entity Global Energy Management & Sales (GEMS), the energy management arm of ENGIE, to develop a suite of advisory and market access services to help shipping interests to thoroughly understand upcoming regulatory requirements, manage their risk and identify the optimal low-carbon emissions roadmap for their operations.This partnership aims to provide vessel owners, operators and charterers with the expertise and insight they require in managing their marine fuels and carbon prices exposures in the context of an increasingly differentiated marine fuels market, by fuel type, geographic location, and carbon intensity. This will provide BVS and GEMS’s customers with a low carbon emission transportation roadmap that fits with their commercial and operational requirements and aligns with their risk management needs.This partnership brings together GEMS’s experience in the analysis and trading of energy products, including emission allowances under the EU Emissions Trading System (ETS), with BVS’s technical advisory and consultancy expertise in the marine and offshore sectors, to offer commercial and risk-management solutions to owners, operators and charterers looking at how to best manage their present and future low-carbon operating models. Image Laurent Verney Director BV Solutions M&O France In the face of rapidly evolving regulatory requirements and volatile carbon markets, anticipation is essential for shipowners and operators to successfully navigate the path towards a low-emission future. By partnering with ENGIE, we are able to provide our clients with the comprehensive insights and risk management strategies they need to proactively align their fleet operations and sustainability objectives. Through this collaboration, we empower our customers to get ahead of the curve, building GHG reduction roadmaps that not only meet compliance, but also position their businesses for long-term competitiveness in the decarbonizing maritime industry. Marc PANNIER, Executive Committee member at ENGIE business entity ‘Global Energy Management & Sales’, said: “In an increasingly complex carbon market, the move to include maritime emissions in the EU Emissions Trading System is another important consideration for shipping organisations that want to chart a course towards a low-carbon roadmap that meets their fleets’ needs and cuts their emissions, whilst also l