VESTERA and FUELTRAX have officially announced a strategic partnership aimed at providing innovative leasing solutions for advanced fuel monitoring systems tailored for offshore vessels.
This collaboration enables vessel owners to implement cutting-edge technology without the burden of high capital expenditure (CAPEX).
The Memorandum of Understanding (MOU) exchange took place yesterday at the Kuala Lumpur Convention Centre during The 7th Malaysia Oil & Gas Services Exhibition and Conference (MOGSEC).
The event featured the esteemed presence of Puan Rashidah Alias, Vice President of Group Procurement at PETRONAS, highlighting the partnership’s significance in the industry.
Through this partnership, VESTERA and FUELTRAX aim to enhance operational efficiency and fuel management for offshore vessel operators.
Their state-of-the-art technology provides real-time data and analytics, allowing vessel owners to optimize fuel usage and significantly reduce operational costs.
“We are excited to partner with FUELTRAX 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,” added Faiz Azani, Director of Operations (Southeast Asia) of FUELTRAX.
