Lloyd’s Register Advisory has been appointed by Geogas Trading to develop a multi-year emissions compliance plan and support the operationalization of FuelEU Maritime pooling ahead of the regulation’s first compliance cycle.
The project will draw on LR Advisory’s regulatory, technical and commercial expertise to position Geogas for the new regime and its pooling opportunities. Under the agreement, LR Advisory will provide guidance on the commercial implications of current and upcoming emissions rules while transferring knowledge to build internal capability.
Work will include designing Geogas’ own FuelEU pooling structure and establishing the operational frameworks required to execute pooling, as well as mapping and mitigating commercial risks linked to FuelEU to support a longer-term compliance strategy beyond the initial cycle.
“FuelEU Maritime represents a fundamental shift in how emissions regulation affects commercial outcomes,” said Luke Shu, Technical Advisory Manager – Maritime Commercial Markets at LR Advisory. “Charterers and shipowners are now directly exposed to incentives and penalties that influence day-to-day operational, chartering decisions and P&L.”
Geogas Fleet Manager Jean-Marc Baudart said the partnership would help the company develop a structured compliance strategy while maintaining flexibility as regulation evolves.
