KUALA LUMPUR: Vessel fuel management solutions provider Fueltrax recently signed 28 high-value contracts in Malaysia, totalling RM24 million, the company’s significant achievement in Southeast Asia.
The deal is a positive milestone for Fueltrax in Southeast Asia, showcasing the company’s commitment to driving advancements and economic growth within the region’s maritime industry.
Of these contracts, 12 vessel operators have integrated their marine operations data through FuelNettm, Fueltrax’s with Malaysian oil and gas companies involving 38 vessels.
This integration utilises FuelNettm’s cloud-based platform, offering real-time data and insights into fuel consumption, efficiency, and environmental compliance.
“Our accomplishments highlight our steadfast dedication to drive operational efficiency, sustainability, and economic prosperity throughout the region.
“As the foremost brand for vessel fuel management system (VFMS) globally, with extensive experience managing over 1,000 vessels globally, including 38 in Malaysia, we are dedicated to providing world-class equipment, reliable technical support, and cost-effective solutions,” Fueltrax director of operations in Southeast Asia Faiz Azani said in a statement.
Implementing Fueltrax’s VFMS across these 38 Malaysian fleets is expected to yield significant benefits.
This investment is projected to enhance overall operational efficiency and productivity by 30 per cent, directly impacting the bottom line of Malaysian
vessel operators and companies.
Additionally, VFMS facilitates real-time data analysis and streamlined workflows, enabling faster and more informed decision-making.
This combination of increased efficiency and better decision-making contributes to the long-term viability of the Malaysian maritime industry, positioning it for continued growth and competitiveness in the global market.
“Fueltrax aims to contribute to Malaysia’s development as a leading maritime hub by promoting responsible fuel management practices.
“Hence, any investors planning to have any marine business in this sector will have high confidence that value losses in poor fuel costs will impact their business cost less,” added Faiz.
“These collaborations are expected to create significant economic benefits for the Malaysian maritime industry, including creating at least 100 new jobs.
“These positions arise not only among companies directly involved in the contracts but across the supply chain and associated support functions, further increasing the industry’s growth and efficiency,” he said.
Each comprehensive package of Fueltrax’s solutions is tailored to meet client needs, including data monitoring, support services, equipment maintenance, and efficiency enhancements.
These solutions empower vessel operators to digitalise operations, optimise fuel usage, and reduce their carbon footprint through advanced fuel management technology.
Features like BestSpeed and BestEconomy maximise vessel speed with minimal fuel, promoting efficient and responsible crew behaviour.
Building upon its strong track record in Southeast Asia, Fueltrax previously secured contracts with ten leading vessel companies between 2017 and 2022.
These partnerships solidified Fueltrax’s reputation for delivering innovative solutions and exceptional regional service.
Fueltrax’s solutions align with the International Maritime Organization’s (IMO) 2050 strategy for decarbonisation, empowering vessel operators to contribute to a cleaner and more sustainable maritime future.
With this success as a foundation, Fueltrax plans for further growth and expansion in Malaysia, including establishing a second Vessel Operation Center (VOC) to provide 24/7 support to clients globally.
