VESTERA & FUELTRAX Announce Strategic Partnership To Offer Leasing Of Fuel Monitoring Systems For O

KUALA LUMPUR, Malaysia - Sept. 28, 2024 - PRLog -- VESTERA and FUELTRAX are pleased to announce a strategic partnership to provide a leasing solution for advanced fuel monitoring systems designed for offshore vessels. This innovative offering allows vessel owners to install state-of-the-art technology without incurring high capital expenditure (CAPEX).

The official Memorandum of Understanding (MOU) exchange ceremony was held on 26th September 2024, at the Kuala Lumpur Convention Centre during The 7th Malaysia Oil & Gas Services Exhibition and Conference (MOGSEC).  The event was graced by Puan Rashidah Alias, Vice President of Group Procurement at PETRONAS, further emphasising the significance of this collaboration.

VESTERA's and FUELTRAX's partnership aims to enhance operational efficiency and fuel management for offshore vessel operators, providing them with real-time data and analytics to optimise fuel usage and reduce costs.

"We are excited to partner with FUEL TRAX to deliver a solution that not only improves operational efficiency but also supports the industry's transition toward smarter, more sustainable practices, " said Capt Ahmad Imran, Managing Director of VESTERA.

"By offering a leasing model, we eliminate the barriers of high upfront costs, enabling more vessel owners to benefit from our cutting-edge fuel monitoring technology," stated Faiz Azani, Director of Operations (Southeast Asia) of FUELTRAX.

ABOUT FUELTRAX®
Fueltrax® is the leading smart fuel management system compatible with any vessel, engine, or fuel in any location in the world. It reduces onboard fuel consumption costs and emissions and sets the standard for secure, compliant, and optimized vessel performance. Each Fueltrax installation includes access to the cloud-based data analytics service, FUELNET™. Fueltrax delivers over 99% system uptime globally and is the only VFMS accepted universally by all major oil companies. For further information, visit www.fueltrax.com