LR Advisory partners with Geogas Trading to strengthen operational readiness for FuelEU pooling
The project will draw on LR Advisory’s regulatory, technical and commercial expertise to ensure Geogas Trading is well positioned with the first FuelEU Maritime compliance cycle and pooling opportunity approaching.
Lloyd’s Register (LR) Advisory has been appointed by Geneva-based LPG trader and shipowner Geogas to support the development of a multi-year emissions compliance plan and operationalisation of FuelEU pooling, as it prepares for the first compliance cycle of FuelEU Maritime.
Under the agreement, LR Advisory will provide expert insight into the commercial implications of current and forthcoming emissions regulations, alongside targeted knowledge transfer to build internal capability. The project will support Geogas Trading to design and implement its own FuelEU Maritime pooling structure and develop the operational frameworks and steps needed to execute pooling.
LR Advisory will also work with the company to map and mitigate commercial risk of FuelEU , helping to shape a forward-looking compliance strategy that extends beyond the initial FuelEU cycle.
Luke Shu, Technical Advisory Manager – Maritime Commercial Markets, LR Advisory, said: “FuelEU Maritime represents a fundamental shift in how emissions regulation affects commercial outcomes.
“Charterers and shipowners are now directly exposed to incentives and penalties that influence day-to-day operational, chartering decisions and P&L. Our role is to support organisations like Geogas understand those impacts in detail and put practical structures in place that allow them to operate confidently and competitively as the regulatory landscape tightens.”
Jean-Marc Baudart, Fleet Manager, Geogas Trading said: “As a trader and charterer with a significant exposure to European trades, it is essential that we fully understand the commercial and operational implications of FuelEU Maritime. Working with LR Advisory allows us to develop a structured compliance strategy that supports our business while maintaining flexibility as regulation continues to develop.”
About Lloyd’s Register
Trusted maritime and energy sector advisors, partnering with clients to drive performance across the ocean economy.
Lloyd’s Register (LR) is a global professional services group specialising in marine and offshore engineering, technology and digital solutions. We were created more than 260 years ago as the world’s first marine classification society to improve and set standards for the safety of ships.
Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.
We also provide advisory services and digital solutions, supporting fleet and voyage performance and optimisation.
Our digital solutions are relied upon by more than 30,000 vessels, following the acquisition of OneOcean in 2022 and Ocean Technologies Group in 2024.
In the race to zero emissions, our research, advisory and technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.
Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.
For more information, go to www.lr.org
