Gasum and Wilhelmsen Ship Management agree FuelEU Maritime compliance surplus trade through Hecla’s FuelEU Maritime Exchange

Press Release

Oslo, 22nd May 2025

• 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 FuelEU Maritime Exchange.

The deal 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.” About Hecla

Hecla Emissions Management AS (Hecla) is a joint venture between Wilhelmsen Ship Management and Affinity Shipping LLP, dedicated to providing expert compliance services under the EU Emissions Trading System (ETS) and FuelEU Maritime.

Hecla brings together Wilhelmsen’s technical and operational expertise in all aspects of ship operations, including emissions reporting and MRV compliance, with Affinity’s extensive knowledge and capabilities in shipping, carbon markets and ETS exposure.

Providing emissions compliance and management solutions for over 1,200 ships across all segments and sizes, Hecla helps to navigate the significant complexities of this new era of emissions regulations, ensuring seamless compliance and optimal commercial outcomes for the EU ETS and FuelEU Maritime emissions management regimes, through its insight, analytics and trading services.

About Wilhelmsen

About Wilhelmsen Ship Management: Wilhelmsen Ship Management is the ship management arm of the Wilhelmsen Group. We are one of the world’s largest third-party ship managers with a portfolio of more than 450 vessels and 12,800 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 11 manning offices. Other key services include dry-docking services, layup services and newbuilding supervision.

For further information, please visit: www.wilhelmsen.com/ship-management/ About Gasum

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea. For further information, please visit: www.gasum.com