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SwiftBulk partners with FUELTRAX

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Dry Bulk,

International shipping company, SwiftBulk Holding Co. Ltd, a subsidiary of Tiptree Inc., has partnered with FUELTRAX to install EFMS (Electronic Fuel Monitoring System) and FUELTRAX Vision on its kamsarmax dry bulk carrier vessel, the Thestelia K. The vessel was built in 2009 and is 82 000 DWT.

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 MITSUI MAN B&W 6S-60MC-C main engine and bunker monitoring for fuel quality detection upon loading. With this installation, SwiftBulk also gains access to FUELNET, the secure logistics web portal, which provides live updates of vessel location and vessel activities, completely independent from AIS.

FUELTRAX Vision, another FUELTRAX optimisation 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.

This effort in transparency gives SwiftBulk’s clients value by providing a long-term shipping platform solution in addition to the standard operating management of vessels. By installing FUELTRAX, the company shows commitment to its clients, the environment and the future of maritime. The company wants to ensure it improves client relations with transparency by investing in resources to embrace technology-driven shipping.

Stefanos Kasselakis, CEO of SwiftBulk, said: “We are excited to be working with the FUELTRAX team to introduce this technology to our fleet. 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, maximising both SwiftBulk’s and our customers’ return on investment.”

John Donovan, VP of Operations at FUELTRAX, stated: “Teaming up with SwiftBulk is an exciting opportunity and a great partnership. SwiftBulk’s commitment to technology-driven shipping perfectly matches FUELTRAX’s expertise in increasing vessel efficiency and offering solutions to large vessel operators.”

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