• Hecla’s FuelEU Maritime Exchange (FME) has facilitated the completion of a first of its kind deal to trade a compliance balance token through a third-party platform. 
• Hecla’s FME makes it easy for shipping companies turn compliance surplus into a tradeable asset that they can then sell to owners in compliance deficit.

Hecla Emissions Management, a leading provider of environmental compliance solutions to the shipping industry, today announced the completion of a deal between Gasum and Wilhelmsen Ship Management to tokenise and trade FuelEU Maritime compliance balance surplus through its Fuel EU Maritime Exchange.

The idea between leading Nordic energy company Gasum and Wilhelmsen Ship Management, a Norway-based maritime services provider, provides an initial volume to cover the FuelEU Maritime compliance deficits created by Wilhelmsen-managed vessels in the first four months of 2025. Gasum will generate the needed amount of compliance balance surplus by using bio-LNG within their FuelEU Maritime pool and transfer the surplus to Wilhelmsen. The surplus will be transferred as tokens using Hecla’s digital FuelEU Maritime exchange.

Hecla’s FuelEU Maritime Exchange securitises emissions statements and stores them in a secure ledger as tokens, creating tradeable assets that can be used to secure FuelEU Maritime compliance. The platform allows ship owners, DOC-holders and charterers to trade surplus volumes in a transparent and efficient marketplace and optimise their compliance strategies.

Roine Ahlquist, Chief Commercial Officer, Wilhelmsen Ship Management, commented, “FuelEU Maritime presents particular challenges to DoC holders with high exposure to FuelEU and those that will visit the market less often. So, it is essential we are able to secure a compliance solution that is simple and easy to use. We are pleased to have reached this deal with Gasum through the Hecla FuelEU Maritime Exchange, which has enabled us to secure compliance surplus at the right price.”

Jacob Granqvist, Vice President, Maritime, Gasum, commented, “Gasum has a uniquely reliable FuelEU Maritime pooling service as we manage the pool, provide the right amount of bio-LNG and have DNV as the verifier of the balance. Working with Hecla is an effective route for us to offer our pooling service to shipowners looking for an easy way to be compliant.”

Benjamin Gibson, Hecla Emissions Management, said, “There is a market for compliance surplus for FuelEU Maritime, which the EU prompted when it created the regulations. What the EU didn’t do was provide the structures for the marketplace – somewhere to trade and something to trade. Our FuelEU Maritime Exchange does this, and we are proud of the trust that Wilhelmsen and Gasum have in the exchange.

“We can see there is a lot of hesitancy from operators of non-compliant vessels, who are trying to compare the cost and availability of biofuel and the true benefits of waiting for a post year-end pool arrangement. By creating a functioning, efficient and orderly marketplace, starting with a token rather than a pool, Hecla is making it simple for these companies to find securitised surplus to ensure compliance today.”