HomeHecla Emissions Management Review: Turning EU ETS and FuelEU into a workflow

Hecla Emissions Management Review: Turning EU ETS and FuelEU into a workflow

February 4, 2026

Hecla Emissions Management is trying to make EU ETS and FuelEU feel more like a managed workflow and less like a rolling crisis. Backed by Wilhelmsen Ship Management and Affinity Shipping, they combine registry management, trading and a digital platform so shipowners, DOC holders and charterers can outsource the heavy lifting of compliance while still seeing their exposure, allowances and FuelEU balances in one place.

Hecla Emissions Management • Headquarters
Strandveien 20, 1366 Lysaker, Norway
Notable mentions and external references
Independent coverage that shows how Hecla is being used for EU ETS and FuelEU Maritime, from tokenised surplus trades to a benchmark for compliance costs.
  • FuelEU Maritime Exchange launch Wilhelmsen press release
    Announcement of the FuelEU Maritime Exchange as a joint venture between Wilhelmsen Ship Management and Affinity Shipping, describing a digital platform that lets shipping companies trade FuelEU compliance balances instead of only paying penalties. Open Wilhelmsen release .
  • Series A and fleet coverage PR Newswire
    A funding announcement noting that Hecla, founded in 2023, is already managing EU ETS compliance for dozens of clients and more than a thousand vessels across multiple segments, alongside the FuelEU Maritime Exchange rollout. Read the PR Newswire story .
  • Blockchain platform for FuelEU balances Smart Maritime Network
    Trade tech coverage of Hecla’s FuelEU Maritime Exchange as a blockchain based marketplace for compliance balances, describing how tokens represent FuelEU surpluses and can be traded between counterparties. Open the Smart Maritime Network article .
  • First tokenised FuelEU compliance trade ShipManagement International & Manifold Times
    Case write ups on the Gasum–Wilhelmsen deal, described as the first tokenised FuelEU Maritime compliance surplus trade completed on Hecla’s exchange, with surplus bio LNG usage transferred to cover deficits on Wilhelmsen managed vessels. ShipManagement International  |  Manifold Times coverage .
  • Compliance Market Indicator in use ShipManagement International
    An article on FuelEU compliance costs highlights Hecla’s Compliance Market Indicator (CMI), noting that the benchmark price for surplus has risen since late 2024 and is used to compare penalty, biofuel and surplus options. Read the CMI cost story .
  • Thetius Top 150 recognition Thetius report
    The Thetius Top 150: 2025 report references Hecla’s CMI and FuelEU work as part of a wider look at compliance surplus trading, noting CMI movements and the link to rising biofuel prices and charterparty settlements. Open the Thetius Top 150 PDF .
These references are helpful if you want to sanity check Hecla’s pitch: not just the platform launch, but real trades, benchmark development and inclusion in independent market analysis.
Hecla-style EU ETS and FuelEU exposure sketch
Use rough fleet numbers to see annual EU ETS cost, a simple FuelEU exposure line, and the room a structured compliance partner might have to optimise timing and surplus use.
Inputs
Ships above 5,000 GT trading to or within the EU that you expect to carry compliance obligations.
Annual verified emissions in ETS scope per vessel. Use a rounded figure from your MR, feeder or deep sea segment.
A planning EUA level you want to stress test against. You can plug in forward assumptions here.
Penalties and abatement cost you expect per vessel once FuelEU is live at your blend and routing pattern.
Share of combined ETS and FuelEU cost you think better planning, pooling and surplus trading could realistically influence.
Sketch impact
Annual EU ETS cost (rough)
€0
Annual FuelEU cost line
€0
Combined compliance cost
€0
Optimisation window (€/yr)
€0
Category Calculated value
Fleet EU ETS emissions per year 0 tCO₂
EU ETS cost per year €0
FuelEU compliance cost per year €0
Total ETS + FuelEU cost €0
Cost range potentially influenced by optimisation €0
Per-vessel combined cost €0
Planning sketch only. Replace defaults with your own EU ETS, FuelEU and cost numbers before using this in a decision.

Hecla now has a full “evidence lane” around it: independent articles on the FuelEU Maritime Exchange, the first tokenised surplus trades, and the way its Compliance Market Indicator is used to benchmark surplus pricing. At the same time, the exposure sketch lets a reader plug in their own ETS and FuelEU numbers to see how large the combined cost line can be and what a realistic optimisation window might look like before they decide whether a specialised partner like Hecla should sit next to their internal team or not.

We welcome your feedback, suggestions, corrections, and ideas for enhancements. Please click here to get in touch.
By the ShipUniverse Editorial Team — About Us | Contact