iO3 AND FRATELLI COSULICH GROUP ANNOUNCE PARTNERSHIP TO ENHANCE SAFETY & DETECTION CAPABILITIES FOR METHANOL BUNKERING OPERATIONS

Fratelli Cosulich Group announced today that they have awarded iO3 with a contract for gas detection (methanol) and heat signature detection (thermal) for their inaugural chemical bunker tanker able to carry methanol which will join the fleet in Q2 2024.

The implementation of the project will begin in Q1 2024. iO3 will install a suite of both video (V.Sight) and data-based (V.IoT) solutions, significantly enhancing safety and detection capabilities during methanol bunkering operations. iO3 secured the contract thanks to their proficient team of professionals, advanced technology offerings, and the ability to provide a dynamic interface that brings a whole gamut of solutions onto a single platform for ease of use and control.

As part of the project, iO3 will design a seamless integration plan to connect the gas detection sensors and closed-circuit television cameras for the vessel, including a central monitoring system and automation infrastructure. Methanol gas detection sensors and thermal cameras will be strategically deployed at designated locations on the vessel, following best practices and safety guidelines.

The solution encompasses the configuration of system settings to define appropriate alarm thresholds, notification protocols, and monitoring schedules for efficient and effective operation. Shore-based users will have the capability to monitor and visualize real-time sensors’ readings, access live video footage, and even employ advanced AI analytics and area protection algorithms to promptly alert both onboard and onshore of any suspicious or unauthorized activities.

Methanol bunkering is a relatively new concept in the maritime industry, as the search for cleaner and more sustainable fuel options gain momentum. In this evolving landscape, both companies have positioned themselves as leaders, actively developing innovative solutions while upholding the highest

safety and security standards for these operations. The partnership paves the way for setting standards in and accelerating methanol bunkering operations through compliance, safety, and efficiency.

“Our endeavour to continue our tradition of bringing innovative maritime solutions through the highest safety standards led us to partner with iO3. We are committed to delivering cutting-edge solutions, in this case, offering sustainable and cleaner marine fuels; all while ensuring top-tier safety compliance. This collaboration represents a significant milestone in our mission to pioneer sustainable solutions in the maritime industry that are in line with IMO’s vision, addressing environmental challenges with unwavering dedication.” states Diana Mok, Managing Director, Fratelli Cosulich Group.

Kenny Koh, CEO, iO3 states, “We are privileged to partner with Fratelli Cosulich Group, a 160-year-old global shipping group. Together, we embark on a transformative project, poised to expedite the adoption of sustainable and cleaner fuels through cutting-edge technology and digital tools. iO3 is committed to the digitalization of the maritime industry through an ever-growing and comprehensive suite of solutions that can meet both current and future demands.”

This landmark collaboration between Fratelli Cosulich Group and iO3 is as much a sign of the times as it is an indication of what is to come in the rapidly evolving maritime landscape.

IO3 AND FRATELLI COSULICH GROUP ANNOUNCE PARTNERSHIP TO ENHANCE SAFETY & DETECTION CAPABILITIES FOR METHANOL BUNKERING OPERATIONS

CONTACTS FOR MEDIA ENQUIRIES

Joanna Soh
VP, Sales & Marketing

iO3 Pte Ltd
E: [email protected]/ [email protected]
M: +65 9672 2760

Giulia Lagomarsino
Internal Marketing Responsible for Marine Energy

Fratelli Cosulich Group
E: [email protected]

ABOUT FRATELLI COSULICH

Fratelli Cosulich Group is a global shipping and logistics player with a rich history from 1857. It is owned by the Cosulich family in its seventh generation, counting 14 business units, 13companies, 27 countries, including Asia, Europe, and the Americas. Since 1969, the Group has been a leading player in the marine fuel industry, operating as a bunker trader but also owning a fleet of bunker tanker vessels in Singapore’s bay and two LNG Small Scale & Bunker Vessels.

For further information, visit
marine-energy.cosulich.com/global-presence/singapore

ABOUT iO3

iO3 is a leading provider of Maritime Digital Technologies, offering a comprehensive range of solutions and services to optimize vessel operations, enhance safety, and improve overall efficiency. With a commitment to driving digital innovation in the maritime industry, iO3 empowers shipowners to adapt to evolving market demands and embrace the benefits of advanced technologies.

www.io3.sg

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