Malaysia-listed SMTrack on 29 January entered into a collaboration agreement with VFTech to develop a vessel fuel intelligent tracker with real time vessel (GPS/AIS) tracking system worldwide.
Both companies will form a new limited liability joint venture (JV) company within the next 30 days to start the project; SMTrack and VFTech will respectively have a 51:49 share of the JV firm.
The JV will see the new company introduce a fuel tracking system for offshore oil vessels based on artificial intelligence technology, according to The Star.
“We are eyeing a commercial offering of the system in about two to three months,” said SMTrack executive director Azmi Osman.
“We hope that this joint venture will benefit us with returns for all shareholders in the near future,” adds SMTrack executive director Datuk Tan Choon Hwa .
Photo credit: The Star
Published: 30 January, 2018
Infineum M8040 additive package is specifically designed to enhance operational efficiency as a single oil solution for two-stroke engines running on VLSFO and lower sulphur bunker fuels.
Methanol provides a safe and effective carrying medium for hydrogen, enabling adoption of clean zero emission fuel cell power solutions, says firm.
The BunkerMAESTRO is an AI enhanced SaaS bunker tanker scheduling platform designed to optimally schedule bunker delivery jobs within a bunker operator’s fleet.
Starts a collaboration agreement to carry out feasibility study of dual-fuel engines using ammonia as the main fuel with LNG as the alternative fuel.
LNG carriers are owned by Knutsen LNG, JP Morgan Asset Management, and Korea Line Corporation which have all secured long-term charter agreements with Shell.
Based from findings of recent whitepaper ‘Refining bunker barge performance using coriolis meter technology and the Advanced Delivery Platform’.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
