OrbitMI’s reporting tool is being integrated with the cloud platform Veracity by DNV to ease the process of compliance for ship owners and operators by enabling trusted emissions data to be shared with regulators and stakeholders.
Stena Bulk is the first shipping company to take advantage of the new integration for the DNV-developed digital ecosystem that hosts verified operational data from more than 10,000 vessels and has over 300,000 users, including ship owners and managers, charterers and cargo owners, and financial institutions. New York-based vessel performance management specialist OrbitMI is the latest vessel data provider to be added to the fast-growing network of Veracity integrated partners, making it easier for customers to access verified data that they can use and reuse for multiple requirements.
Seamless data verification
Veracity by DNV for seamless verification of emissions data that can be accessed across value chain
The integration will facilitate the automated transfer of data gathered by Orbit Reporter, OrbitMI’s noon and event reporting application, to Veracity by DNV for seamless verification of emissions data that can be accessed across the value chain.
“Integration with DNV’s trusted data verification platform reduces risk while enhancing data transparency to increase trust and efficiency for our clients, helping them to meet their goals for compliance, sustainability and operational efficiency,” says OrbitMI CEO Ali Riaz.
EU’s Emissions Trading System
Veracity by DNV provides a common source of data truth that can be used in business scenarios such as carbon trading and taxation settlement in relation to the EU’s Emissions Trading System due to be implemented from next year, as well as GHG emissions compliance in relation to CII and EEXI.
This can also be applied for reporting of Scope 1 (ship owner) and Scope 3 (charterer) emissions, and to determine fuel usage and GHG emissions reductions.
Connected workflows enhance productivity
“At the same time, we are extending intelligent connected workflows from ship to shore and, ultimately, to regulators. This integration greatly simplifies the process of preparing reports for regulators and stakeholders to reduce manual workloads and save time so that clients can focus on acting on data to make their operations more efficient, profitable, sustainable and safer,” Riaz adds.
OrbitMI system operationalises data from multiple APIs into intelligent connected workflows
The OrbitMI system operationalises data from multiple APIs into intelligent connected workflows that allow seamless real-time data access across an organisation. This eliminates repetitive and time-consuming tasks, such as multiple log-ins, double entry and cut-and-paste, caused by having data stored in different siloed systems that can lead to manual errors, reduced productivity and increased business risk. “Connected workflows allow employees to focus on more important activities, such as problem-solving, forecasting and interacting with clients,” Riaz says.
Accurate emissions data
Stena Bulk’s General Manager of Sustainability & Transformation, Peter Björkborg, says the pioneering Swedish tanker shipping company owns and operates vessels, time charters in vessels and operates the Stena Sonangol Suezmax Pool. “Therefore, our business model requires us to use multiple reporting systems on board, including Orbit Reporter, to communicate with stakeholders. Having the integration with Veracity by DNV gives us the flexibility to do so, and the confidence that all our emissions data will be accurate when it comes to compliance,” he says.
Veracity by DNV’s Executive Director Mikkel Skou says: “We are glad to have OrbitMI onboard as Veracity’s latest integrated partner. Together, we can offer customers a seamless journey from raw data onboard the vessel to verified data in the cloud. This lets our common customers enjoy trusted and quality-assured data that they can easily share across the value chain to drive efficiency, sustainability and profitability.”