Fueltrax Secures RM24 Million In Contracts From Malaysia

American-based Fueltrax which specialises in vessel fuel management solutions has secured 28 high-value contracts in Malaysia, totalling an estimated worth of RM24 million. The group said this marks a major milestone for Fueltrax in Southeast Asia.

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 the group’s cloud-based platform, offering real-time data and insights in fuel consumption, efficiency, and environmental compliance.

“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 cost will less impact their business cost,” added Faiz.

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