Hecla Emissions Management, a joint venture between Wilhelmsen Ship Management and Affinity Shipping LLP, launched the FuelEU Maritime Exchange (FME), the first platform designed for trading FuelEU Maritime compliance balances.

Hecla FuelEU Compliance

Built on blockchain principles, FME enables secure, per-voyage tokenization and trading of compliance balances, facilitating the maritime industry’s transition to alternative fuels. With FuelEU Maritime regulations coming into effect in 2025, requiring vessels over 5,000 GT to report fuel carbon intensity, FME addresses the lack of infrastructure for managing compliance surpluses and deficits. 

Hecla already manages EU ETS compliance for over 1,000 vessels.

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