ENGIE and BVS team up for advisory and risk management partnership

BVS is joining forces with ENGIE’s Global Energy Management & Sales (GEMS) unit, 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 charters 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.

By assessing the energy consumption and carbon emissions of an organization’s fleet, trading patterns and routes, in conjunction with access to global energy markets and a wide range of risk management strategies, BVS and GEMS will help developing the optimal solution for commercial exposure and carbon objectives.

This will include support on how to best align an organization’s GHG emissions reduction strategies with the proposal from the European Commission’s ‘Fit for 55’ package regarding the progressive inclusion of emissions from maritime transport in the EU ETS, and the upcoming FuelEU Maritime initiative.

BVS and GEMS will also guide owners, operators and charters on the evolving regulatory and voluntary landscape for managing carbon emissions from shipping operations, including current and impending regulatory requirements, as well as advice on managing their wider sustainability footprint. This can also include the opportunity for carbon offsetting strategies and products, as part of a wider low-carbon strategy