ZERO44 and Hecla Emissions Management have entered a partnership to deliver an integrated workflow for managing FuelEU Maritime pooling, from initial forecasting and planning to surplus trading and pool execution.
The software provided by ZERO44 consolidates vessel data, bunker information, and charter terms into a single ‘source of truth’, used for forecasting and scenario modelling to assess the financial impact of different compliance strategies.
By identifying expected surpluses or deficits early, companies can determine the price levels at which buying or selling surplus becomes economically viable.
“Now that the first FuelEU Maritime reporting year has come to an end, companies with vessels in deficit can no longer rely on alternative measures, such as consuming biofuels, to offset generated deficits,” said Friederike Hesse, Co-Founder and Managing Director of ZERO44.
“Their only option to reduce cost is to pool with surplus vessels. We want to offer customers a low-risk, end-to-end FuelEU pooling workflow that allows them to make informed, commercially sound decisions.”
Hecla Emissions Management, a joint venture between Wilhelmsen Ship Management and Affinity Shipping LLP, provides a marketplace for surplus trading through its FuelEU Maritime Exchange.
Its system uses a legal contract that converts verified compliance statements into tradeable tokens. These tokens represent a share of a vessel’s surplus and can be transferred, sold, or banked for future years.
This model allows vessels to be added to a compliance pool after the verification period, providing flexibility for owner-charterer relationships and off-hire handling. Multiple charterers can also hold shares in the surplus of the same vessel without conflict.
“By connecting ZERO44’s forward-looking compliance insights with Hecla’s flexible surplus trading contract, we enable market participants to trade with confidence and significantly reduce both cost and risk,” said Benjamin Gibson, Director of Hecla Emissions Management.
