New York City headquartered bulk carrier operator SwiftBulk Holding Co. Ltd, a subsidiary of Tiptree Inc. (NASDAQ:TIPT), is to install the Fueltrax EFMS (Electronic Fuel Monitoring System) and Fueltrax Vision solutions on its 2009-built, 82,000 dwt Kamsarmax bulker Thestelia K.
SwiftBulk is implementing Fueltrax EFMS to improve operating efficiency, decrease environmental footprint with consumption tracking, and improve operating transparency. The EFMS on board includes direct fuel measurements via Coriolis flowmeter technology for the ship’s Mitsui MAN B&W 6S-60MC-C main engine and bunker monitoring for fuel quality detection upon loading. With the installation, SwiftBulk also gains access to the Fuelnet secure logistics web portal, which provides live updates of vessel location and vessel activities, completely independent from AIS.
Fueltrax Vision, another Fueltrax optimization tool onboard Thestelia K, adds visual verification with 360° coverage of the vessel perimeter — providing insights into vessel activities from anywhere in the world. All video footage collected by Fueltrax is coupled with existing fuel monitoring data and location tracking information to provide greater transparency in operations.
“We are excited to be working with the Fueltrax team to introduce this technology to our fleet.,” said Stefanos Kasselakis, CEO, SwiftBulk. “The Fueltrax system allows SwiftBulk to increase operational efficiency and better manage operational costs while reducing our environmental impact. The transparency Fueltrax provides greatly enhances our ship management capabilities, maximizing both SwiftBulk’s and our customers’ return on investment.”
“Teaming up with SwiftBulk is an exciting opportunity and a great partnership,” said John Donovan, VP of Operations, Fueltrax. “SwiftBulk’s commitment to technology-driven shipping perfectly matches Fueltrax’s expertise in increasing vessel efficiency and offering solutions to large vessel operators.”