- iOThree Limited (IOTR, Financial) began implementing its AI-driven V.Sight video analytics system for Singfar Group's bunker vessel fleet in Q2 2024.
- The V.Sight system provides real-time insights, enhances safety, and optimizes operational efficiency for maritime operations.
- This deployment is a part of Singfar's digital transformation strategy to modernize operations and strengthen fleet management.
iOThree Limited (IOTR) has announced the deployment of its V.Sight AI video analytics surveillance system across Singfar Group's bunker vessel fleet, marking a pivotal advancement in maritime digitalization. The phased implementation, which began in Q2 2024, aims for full fleet coverage, enhancing real-time awareness, and bolstering both safety and operational efficiency.
The V.Sight system employs AI-driven video analytics to set monitoring thresholds and generate alerts, thereby offering early warnings for potential safety or operational risks. This strategic partnership highlights the importance of digital tools in transforming and modernizing vessel operations within Singapore's shipping sector, where incidents can have substantial financial and environmental consequences.
According to Joanna Soh, Chief Commercial Officer at iO3, the collaboration with Singfar Group embodies the principle of using technology to deliver practical value, enhancing oversight and accountability while supporting smarter decision-making in fleet management.
By integrating iO3's AI-powered system, Singfar Group not only enhances its leadership in technological adoption within the bunker industry but also reinforces its role in promoting responsible and innovative maritime practices. This deployment also showcases iO3's ability to secure commercial expansion within the sector, offering scalable and efficient digital solutions tailored for maritime needs.
