Hecla Emissions Management has successfully facilitated a groundbreaking deal through its FuelEU Maritime Exchange (FME), allowing the trading of compliance balance tokens via a third-party platform. This innovative exchange enables shipping companies to convert compliance surpluses into tradeable assets, which can be sold to those facing compliance deficits.
The recent agreement between Gasum, a Nordic energy firm, and Wilhelmsen Ship Management, a Norwegian maritime services provider, aims to address compliance deficits for Wilhelmsen-managed vessels in early 2025. Gasum will generate compliance balance surpluses by utilizing bio-LNG, which will then be tokenized and transferred to Wilhelmsen through Hecla’s exchange.
Hecla’s platform secures emissions statements as tokens in a secure ledger, creating a transparent marketplace for shipowners and charterers to trade surplus volumes. Roine Ahlquist from Wilhelmsen emphasized the need for a straightforward compliance solution, while Jacob Granqvist from Gasum highlighted the reliability of their pooling service. Hecla’s Benjamin Gibson remarked on the market potential for compliance surplus and the importance of establishing an efficient trading structure for ship operators.
