Dubai, UAE, 14 May 2019: Topaz Energy and Marine (“Topaz”), a leading offshore energy logistics company, is partnering with FUELTRAX, a market-leading smart, real-time marine fuel management solution, on advanced fuel tracking and reporting.
Topaz has installed FUELTRAX EFMS across 21 of its vessels operating between Nigeria and Azerbaijan for data storage and surveillance. FUELTRAX delivers an electronic record of activities using automated operational and fuel data collection, coupling it with precise in-transit efficiency recommendations for vessels located anywhere in the world.
Chief Operating Officer, Martin Helweg, Topaz Energy and Marine, said:
“Digitalization offers tremendous opportunities for the Maritime industry across all sectors and disciplines, and operators are now increasingly acknowledging its importance. As our clients’ demands evolve and shift towards a need for a range of services and solutions, the onus of fuel monitoring will eventually fall on the vessel owners. Through the installation of FUELTRAX, we, as an early adopter of this solution, are ready to face this challenge, and look forward to using FUELTRAX in our attempt to reduce fuel consumption and thereby the environmental footprint of our vessels.”
Chief Executive Officer, Anthony George, FUELTRAX, said:
“The market is recognizing the need for automated digitalization in fuel management and is accepting electronic fuel monitoring systems as the standard solution. It’s important that we continue to recognize and support our clients who see this standard on the horizon, and who are taking action to stay ahead of the curve. Our partnership with Topaz is a testament to this shift in the industry, and we look forward to supporting them through this advancement.”
In line with its digital transformation, Topaz has also adopted FUELTRAX Vision, a new onboard surveillance system which provides a remote view of onboard surveillance footage, stored in a secure database and correlated with onboard fuel activities.
About Topaz Energy and Marine
Topaz Energy and Marine is a leading international offshore support vessel company providing logistics support and marine solutions to the global energy industry with primary focus on the Caspian Sea, the Middle East, West Africa and global Subsea operations. Headquartered in Dubai, Topaz Energy and Marine operates a fleet of about 120 offshore support vessels with an average age of approximately 9 years. Topaz Energy and Marine is a subsidiary of Renaissance, a publicly traded company listed on the Muscat Securities Market in Oman. In addition, Standard Chartered Private Equity holds a minority position in the company.
From its inception in 2006, FUELTRAX has grown into the leading universal fuel management solution, compatible with any vessel, engine or fuel, in any location in the world. Together with its cloud-based data and analytics service, FUELNET, it provides fully self-contained, smart monitoring and measurement, reducing costs and setting the standard for secure, compliant, optimized vessel performance. FUELTRAX is a product of Nautical Control Solutions, LP.
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