What is the FuelEU?
FuelEU Maritime sets greenhouse gas reduction targets for ships trading in Europe.
Starting January 2025, ships using EU ports must cut the carbon intensity of their energy use. Each year, shipping companies will be assessed against a tightening emissions target — creating a compliance surplus or deficit. Surpluses can be sold through the pooling of vessels; deficits must be covered or face penalties.
At its core, FuelEU is both a compliance obligation and a trading opportunity.
We offer a dedicated platform for managing FuelEU compliance — turning regulatory obligations into commercial opportunities:
Transparent marketplace
Tokenised FuelEU compliance balances
Pooling features for compliance
Tried and tested legal framework
Compliance Market Indicator (CMI)
The Compliance Market Indicator (CMI) represents an estimated €/tCO₂eq benchmark for compliance costs under FuelEU Maritime.
It provides a reference point for shipowners, charterers, and market participants, balancing the costs of biofuel blending, regulatory penalties, and the emerging surplus trading market.
Hecla distributes the CMI on a weekly basis.
Get in touch to find out more.
BIMCO Addendum
The introduction of FuelEU Maritime has left many owners and charterers grappling with complex time charter (TC) clauses. While BIMCO’s standard clause provided a starting point, it left key commercial and operational gaps unresolved: creating uncertainty, disputes, and misaligned incentives.
We’ve developed a practical addendum to the BIMCO wording that closes these gaps, clarifies responsibilities, and ensures a fair allocation of risk and compliance costs.
Our addendum is already in use across multiple fixtures and is available on request.
FuelEU Regulation Starts
From 1st January, shipping companies must begin tracking energy use and emissions intensity under the FuelEU Maritime Regulation.
End of Reporting Period
Compliance reporting closes for the 2025 operational year.
FuelEU Report Submission Deadline
By 31st January, companies must submit their FuelEU compliance report to an accredited verifier.
Report Verified and Recorded
By 31st March, the verifier must validate and upload the report to the FuelEU database.
Pooling and Trading Declaration
By 30th April, pooling, banking, and borrowing arrangements must be declared for compliance.
Compliance Balance Confirmed
Before 1st May, the verified compliance balance is confirmed and recorded.
Penalty Payment Deadline
By 30th April, pooling, banking, and borrowing arrangements must be declared for compliance.
