The project will draw on LR Advisory\u2019s regulatory,\u00a0technical\u00a0and commercial\u00a0expertise\u00a0to ensure\u00a0Geogas\u00a0Trading\u00a0is well positioned\u00a0with the first\u00a0FuelEU\u00a0Maritime\u00a0compliance cycle\u00a0and pooling\u00a0opportunity\u00a0approaching.<\/p>\n
Lloyd\u2019s 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.<\/p>\n
Under the agreement, LR Advisory will\u00a0provide\u00a0expert insight into the commercial implications of current and forthcoming emissions regulations, alongside targeted knowledge transfer to build internal capability. The project will support\u00a0Geogas\u00a0Trading\u00a0to design and implement its own\u00a0FuelEU\u00a0Maritime pooling structure\u00a0and\u00a0develop the operational frameworks\u00a0and steps\u00a0needed to\u00a0execute\u00a0pooling.<\/p>\n
LR Advisory will also work with\u00a0the company\u00a0to map and mitigate commercial risk\u00a0of\u00a0FuelEU\u00a0, helping to shape a forward-looking compliance strategy that extends beyond the\u00a0initial\u00a0FuelEU\u00a0cycle.<\/p>\n
Luke Shu,\u00a0Technical\u00a0Advisory\u00a0Manager – Maritime Commercial Markets, LR Advisory<\/strong>,\u00a0said:\u00a0\u201cFuelEU\u00a0Maritime\u00a0represents\u00a0a fundamental shift in how emissions regulation affects commercial outcomes.\u00a0\u00a0<\/em><\/p>\n \u201cCharterers and shipowners are now directly exposed to incentives and penalties that influence day-to-day operational,\u00a0chartering decisions\u00a0and P&L.\u00a0Our role is to\u00a0support\u00a0organisations like\u00a0Geogas\u00a0understand those\u00a0impacts\u00a0in detail and put practical structures in place that allow them to\u00a0operate\u00a0confidently and competitively as the regulatory landscape tightens.<\/em>\u201d<\/p>\n Jean-Marc\u00a0Baudart,\u00a0Fleet Manager,\u00a0Geogas\u00a0Trading<\/strong>\u00a0said:\u00a0\u201cAs a trader and charterer with a significant exposure to European trades, it is essential that we fully understand the commercial and operational implications of\u00a0FuelEU\u00a0Maritime.\u00a0Working with LR Advisory allows us to develop a structured compliance strategy that supports our business while\u00a0maintaining\u00a0flexibility as regulation continues to develop.<\/em>\u201d<\/p>\n About Lloyd\u2019s\u00a0Register\u202f\u00a0 \u202f\u202f\u00a0<\/em><\/p>\n Trusted maritime and energy sector advisors, partnering with clients to drive performance across the ocean economy.\u202f\u202f\u00a0<\/em><\/p>\n Lloyd\u2019s Register (LR) is a global professional services group specialising in marine and offshore engineering,\u00a0technology\u00a0and digital solutions. We were created more than 260 years ago as the world\u2019s first marine classification society to improve and set standards for the safety of ships.\u202f\u202f\u00a0<\/em><\/p>\n Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and\u00a0operate\u00a0their assets to accepted levels of safety and environmental compliance.\u202f\u202f\u00a0<\/em><\/p>\n We also provide advisory services and digital solutions, supporting fleet and voyage performance and optimisation.\u202f\u202f\u202f\u00a0<\/em><\/p>\n Our digital solutions are relied upon by more than 30,000 vessels, following the acquisition of\u00a0OneOcean\u00a0in 2022 and Ocean Technologies Group in 2024.\u202f\u202f\u00a0<\/em><\/p>\n In the race to zero emissions, our research, advisory and technical\u00a0expertise\u00a0and industry-firsts are supporting a safe, sustainable maritime energy transition.\u202f\u202f\u00a0<\/em><\/p>\n Lloyd\u2019s Register Group is wholly owned by the Lloyd\u2019s Register Foundation, a politically and financially independent global charity that promotes safety and education.\u202f\u202f\u00a0<\/em><\/p>\n For more information, go to\u00a0www.lr.org\u202f \u202f\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The project will draw on LR Advisory\u2019s regulatory,\u00a0technical\u00a0and commercial\u00a0expertise\u00a0to ensure\u00a0Geogas\u00a0Trading\u00a0is well positioned\u00a0with the first\u00a0FuelEU\u00a0Maritime\u00a0compliance cycle\u00a0and […]<\/p>\n","protected":false},"author":23,"featured_media":271149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273,298],"tags":[307],"class_list":["post-272033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritimes-news","category-seagoing-maritimes-news","tag-featured-en"],"yoast_head":"\n