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 operationalization of FuelEU pooling. As part of this agreement, LR Advisory will provide insight into the commercial implications of current and forthcoming emissions regulations, alongside targeted knowledge transfer to build internal capability.
The project aims to support Geogas Trading in designing and implementing its own FuelEU Maritime pooling structure and developing the necessary operational frameworks and steps for effective execution. By mapping and mitigating commercial risk associated with FuelEU, LR Advisory will help shape a forward-looking compliance strategy that extends beyond the initial FuelEU cycle.
This comprehensive approach is crucial as Geogas prepares for the first compliance cycle of FuelEU Maritime. The collaboration between LR Advisory and Geogas Trading will enable the company to navigate the complexities of emissions regulations and ensure seamless operationalization of its pooling structure.
With this support, Geogas can focus on implementing a robust compliance strategy that aligns with its business objectives. By leveraging LR Advisory's expertise, Geogas is well-positioned to capitalize on opportunities presented by FuelEU Maritime while minimizing potential risks.
The partnership will also facilitate knowledge sharing and capacity building within the organization, ensuring a strong foundation for future compliance cycles. As the maritime industry continues to evolve in response to increasing regulatory requirements, this collaboration highlights the importance of strategic partnerships in driving successful implementation of complex regulations.
By working together, LR Advisory and Geogas Trading can ensure that their pooling structure is optimized for efficiency and effectiveness, ultimately contributing to a more sustainable shipping industry.
The partnership between LR Advisory and Geogas demonstrates the critical role that expertise plays in navigating the complexities of emissions regulations. By leveraging LR Advisory's knowledge and experience, Geogas can ensure a smooth transition to FuelEU Maritime and capitalize on opportunities presented by this regulatory framework.
