Hecla Emissions Management AS (Hecla) is a joint venture between Wilhelmsen Ship Management, part of the Wilhelmsen group, and shipbroker Affinity Shipping LLP. Hecla has been established as a neutral and independent provider of compliance services relating to the European Union Emissions Trading System (EU ETS).
Hecla is the first company of its kind in the market offering a complete service spectrum which integrates technical ship management and carbon emission allowance procurement, supporting the shipping industry in the new era of emissions compliance following the agreement in February 2023 to include maritime shipping in the EU ETS. This will for the first time put a price on greenhouse gas emissions from shipping. Shipowners and operators will need to acquire emission allowances for 40% of their applicable emissions in 2024, increasing to 70% in 2025, and 100% in 2026 and every year thereafter.
Hecla has been founded to provide a turnkey solution for shipping emissions management. Wilhelmsen brings technical management expertise to the table, including verification of emissions reports and compliance with the existing EU Monitoring, Reporting and Verification (MRV) framework, while Affinity has had a carbon desk since 2018 and brings experience in the sale and purchase of carbon products, EUA registry management, analysis of ETS exposure and regulated advice on emissions markets.
Team
Wilhelmsen Ship Management (Wilhelmsen) is a part of Wilhelmsen Maritime Services, a Wilh. Wilhelmsen Group company. Wilhelmsen is one of the world’s largest third-party ship managers with a portfolio of more than 450 vessels and 11,000 active seafarers. Wilhelmsen provides technical and crew management services for various vessel segments: LNG/LPG; Ro-Ro and PCC/PCTC vessels; FPSO/FSO; Container; Cruise; Bulk; Seismic; and Offshore. Wilhelmsen manages vessels from eight offices worldwide alongside a crewing network of 21 manning offices in 13 countries. Other key services include dry-docking services, layup services and newbuilding supervision.
With offices on five continents, Affinity (Shipping) LLP is an independent shipbroker with an approach focused on expertise rather than scale. Its specialist activities span tankers, dry cargo, LNG, newbuilding, offshore, S&P, research and valuations. Affinity Carbon Solutions was established in 2019 to provide client-specific regulated advice and carbon market access services for shipping portfolio emissions management.
