Citracks Telematics Solutions Limited, a subsidiary of C & I Leasing PLC has perfected plans to launch, a new remote fuel consumption monitoring system known as ‘Marine Fuel Management System’ to enable ship owners, charterers and oil majors, reduce fuel consumption, enjoy better fuel efficiency and save cost from fuel usage onboard the ship.
To launch this new product into Nigerian market, Citracks is partnering Ascenz of Singapore, one of the world’s biggest fuel monitoring company, which recently developed a new monitoring device on the bunker called ‘coriolis-based marine fuel meter’.
Coriolis fuel meter, designed to better the business of African ship owners, gives a more accurate way of measuring fuel on boat than the standard fuel meter used on boat today.
Speaking exclusively with BusinessDay in Lagos penultimate week, Ayoola Olaitan, chief operating officer of Citracks, said that the company has signed MoU in principle with Ascenz, and will be finalising the process so as to launch the product by August this year.
Ascenz will provide the technical support while Citracks will finance the project and the marine fuel management system will boost the bottom line for ship owners.
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