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Hecla Emissions Management Unveils FuelEU Maritime Exchange to Support Trading of Compliance Balances

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SINGAPORE, Sept. 26, 2024 /PRNewswire/ — Hecla Emissions Management, a joint venture between Wilhelmsen Ship Management and Affinity Shipping LLP, has launched its FuelEU Maritime Exchange (FME) platform. The FME is the shipping industry’s first and only platform designed to facilitate secure trading of FuelEU Maritime compliance balances, driving the adoption of alternative fuels.

The platform allows users to tokenize and transfer compliance balances on a digital ledger built on blockchain principles. This innovative approach enables the transfer or trading of compliance balances on a ‘per voyage’ basis, eliminating the need to wait until the end of the compliance period.

“The shipping industry needs a reliable platform and an orderly marketplace to realize the financial value of compliance balances,” said Øyvind Størdal, representing Hecla Emissions Management. “We’ve worked with stakeholders from across the value chain – including Document of Compliance holders, owners, charterers, brokers, and verifiers – to create a user-friendly solution. We believe the FME will solve significant commercial problems associated with the regulation.”

The FuelEU Maritime regulation, coming into effect on January 1, 2025, requires all vessels over 5,000 GT calling EU ports to report the carbon intensity of the fuels they use. Ships that exceed the prescribed fuel carbon intensity target will have a compliance deficit, and will either face penalties, be required to borrow balances from the next year, or “pool” with vessels in compliance surplus. Most companies wanting to avoid paying the penalty will need to acquire compliance surplus externally, but the regulation makes no provision for this.

When shipping entered the EU ETS at the start of 2024, it joined a highly liquid, mature financial market with proven rules and settlement processes. As FuelEU Maritime has no such infrastructure in place, Hecla’s FME aims to bridge this gap, offering the necessary infrastructure for trading compliance balances and ensuring that the regulation aligns with the shipping industry’s existing contractual frameworks.

Established in 2023, Hecla has rapidly become a leader in environmental compliance, managing EU ETS compliance for over 35 clients and more than 1,000 vessels across each sector of the shipping industry. With the launch of the FuelEU Maritime Exchange, Hecla Emissions Management is once again pioneering solutions that help the shipping industry navigate complex regulations.

For media inquiries: [email protected]

About Hecla Emissions Management: Hecla Emissions Management specializes in providing environmental compliance solutions to the maritime industry.

View original content:https://www.prnewswire.co.uk/news-releases/hecla-emissions-management-unveils-fueleu-maritime-exchange-to-support-trading-of-compliance-balances-302258766.html

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LiveWell Awarded Frost & Sullivan’s 2024 Global Customer Value Leadership Award for Advancing Equitable and Accessible Mental Health Solutions

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LiveWell’s app integrates cutting-edge artificial intelligence (AI) and machine learning to provide personalized mental and behavioral health support, fostering user engagement across 27 countries and 9 languages.

SAN ANTONIO, Sept. 26, 2024 /PRNewswire/ — Frost & Sullivan recently researched the mental and behavioral health industry and, based on its findings, recognizes LiveWell by Zurich (LiveWell) with the 2024 Global Customer Value Leadership Award.

In their report, Frost & Sullivan state that LiveWell provides world-class digital health and well-being solutions to balance physical, mental, social, and financial health through its user-friendly app. LiveWell offers a wide range of tools that include mood and stress tracking; mental health support; and services offering support on a range of wellness topics. LiveWell is one of many pioneers addressing significant challenges to the mental and behavioral health industry, such as stigma, access, equity, and data privacy.

LiveWell’s commitment to continual innovation is clearly visible through its regular app updates, integrating innovative features that significantly boost user engagement and satisfaction.

“LiveWell continuously enhances its app to ensure optimal performance. With the integration of the Wellness Hub, partners can now seamlessly offer AI-powered Wellbeing Scans, telemedicine, and emotional support services, while showcasing their products and branding,” said Alejandra Parra, Research Analyst at Frost & Sullivan.

LiveWell effectively leverages research and customer feedback to update its solutions and maintain its competitive edge. For instance, the company has just released a premium version of the app, allowing users to purchase tailor-made products and services, providing access to new tools and fully customized features.

Additionally, by consistently prioritizing speed to market and customer needs, LiveWell demonstrates a unique ability to stay ahead of industry trends and respond rapidly to the shifting demands of its ever-growing global user base.

“Frost & Sullivan applauds LiveWell’s capacity to launch technology-integrated products at an impressive speed-to-market, meeting and exceeding customers’ diverse needs,” noted Parra.

Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers, focusing on improving the return on the investment that customers make in its services or products. The award recognizes LiveWell’s unique focus on augmenting its customers’ value beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

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About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Contact: Camila Tinajero [email protected]

About LiveWell

LiveWell was founded by Zurich Insurance Group (Zurich) in 2020 with the goal of creating a service-led digital wellbeing solution that helps individuals maintain balance in their physical, mental, social and financial health. Since its inception, LiveWell has introduced its services in more than 27 countries – from Argentina to Australia – and collaborates with global health and wellbeing partners to offer users a wide range of content, challenges, and rewards that foster healthy habits. LiveWell promotes a holistic approach to wellness and understands the importance of maintaining overall health.

LiveWell’s wide range global and regional partners include Polar, Triumph, BODDY, and Philips.

Read about the LiveWell app at https://livewell.zurich.com/ and follow LiveWell on Instagram and LinkedIn.

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HTX DAO Emphasizes Its Focus on the CIS Region for Global Expansion at Crypto Summit 2024

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SINGAPORE, Sept. 26, 2024 /PRNewswire/ — From September 25-26, HTX DAO made a strong impression at Crypto Summit 2024, as an exclusive sponsor of its registration desk and a key partner. This demonstrates HTX DAO’s commitment to expanding its presence in the CIS region, a vital market for the global growth of its ecosystem and showcases its unique decentralized governance model. Through the Summit, the budding ecosystem attracted a broad array of crypto community members, developers, partners, and users, further strengthening its global community and decentralization.

Anton Belyakov, the operations manager for HTX in the CIS region, delivered a keynote speech titled “Towards Crypto Exchange 2.0: How HTX DAO Redefines Exchange Model to Build Active Crypto Community.”

Belyakov emphasized that HTX DAO is an organization that can change how we view centralized exchanges, representing a decentralized exchange through innovative governance and community participation. According to him, HTX DAO empowers its users, partners, and governance committee members to participate in decision-making processes and bolster the exchange to integrate community feedback, innovative solutions, and more — thereby driving rapid product evolution.

Belyakov also revealed that HTX DAO’s governance token, $HTX, has seen its value steadily increase thanks to the platform’s growth and the token burning designed to limit supply. At present, the token is traded on 24 exchanges. Since its launch in early 2024, $9 million worth of $HTX tokens have been burned and $42.5 million liquidity pledges have been received by HTX DAO, demonstrating both a robust foundation and strong potential especially within the CIS region.

Looking ahead, Belyakov noted that $HTX has the potential to lead governance tokens in the crypto space, as HTX DAO continues to set a new standard for community-driven exchanges.

The Crypto Summit, held in Moscow from September 25-26 this year, is a major annual event for cryptocurrency and blockchain sectors in Russia and the CIS. The recent event attracted over 7,000 attendees, 70 speakers, and 70 exhibitors. This year’s discussions focused on the industry’s most concerned topics, including investment opportunities, market trends, and regulatory developments.

HTX DAO highlighted the CIS region as a fertile ground for crypto growth, driven by its technology innovation, active communities, and decentralized ethos. Despite regulatory challenges and global financial pressures, the region remains a high-potential market within the global crypto industry. In August alone, HTX DAO and HTX saw their market share rise to 21.2% in the region. Going forward, HTX DAO plans to continue expanding its businesses in the CIS market, further growing its international footprint.

About HTX DAO

HTX DAO is a blockchain-based decentralized autonomous organization dedicated to revolutionizing decentralized governance and expanding the applications of blockchain technology. Our vision is centered around open finance and a decentralized, tokenized economy. At the core of HTX DAO, governance is democratically and transparently vested in the hands of $HTX token holders. We warmly invite individuals and communities to join our journey, actively participate, and contribute, together shaping an open and innovative future for the blockchain world.

For more information on HTX DAO, please visit www.htxdao.com.

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AIIB’s Global Membership Grows to 110

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SAMARKAND, Uzbekistan, Sept. 26, 2024 /PRNewswire/ — The Asian Infrastructure Investment Bank (AIIB) has grown to 110 approved Members after its Board of Governors voted in support of the application of the Republic of Nauru during the Bank’s 2024 Annual Meeting.

“The addition of Nauru as a regional Member strengthens the AIIB community and supports our collective mission to finance Infrastructure for Tomorrow,” said Jin Liqun, AIIB President and Chair of the Board of Directors. “AIIB is committed to supporting our Members’ sustainable development and together we will work on priority projects within our clearly defined thematic priorities to drive long-term sustainable growth.”

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved Members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

View original content:https://www.prnewswire.co.uk/news-releases/aiibs-global-membership-grows-to-110-302260075.html

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