It's simple, it's clever and it works.
A step-by-step guide on installing our system.
A greener, brighter future for shipping.
Always learning, never standing still.
It's simple, it's clever and it works.
A step-by-step guide on installing our system.
A greener, brighter future for shipping.
Always learning, never standing still.
UK-based Silverstream Technologies has signed a framework agreement to retrofit an unspecified number of LNG carriers in the Shell fleet with air lubrication systems as a means of reducing fuel consumption and lowering greenhouse gas emissions
The deal will see Shell International Trading and Shipping Company Ltd and Silverstream develop a close working relationship to design, engineer, procure and execute the Silverstream® System.
The new framework will enable Shell to expedite installing the air lubrication technology in its LNG carrier fleet. Initially covering the next three years, the framework will ultimately reduce contract lead times and the total cost of ownership for vessel operators.
The co-operation between Shell and Silverstream Technologies follows in the wake of the delivery of Maran Gas Andros, the first LNG carrier fitted with an air lubrication system. Built by South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), Maran Gas Andros uses Daewoo’s air lubrication system (ALS). Maran Gas is expected to fit all of its LNG newbuilds with the DSME ALS.
The agreement between Shell and Silverstream Technologies indicates that ALS technology is gaining momentum and credibility as a fuel and emissions savings tool for LNG carriers.
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Silverstream’s Founder and CEO, Noah Silberschmidt, has been recognised once again in the Lloyd’s List Top 100, and notably, among the Top 10 Technology Leaders for 2024.
ReadSilverstream Technologies has signed an MoU with Yiu Lian Dockyards (Shekou) Ltd, one of China’s largest ship repair yards and part of China Merchants Group, to drive retrofit installations of the Silverstream® System.
Read"About 60-80% of a shipowner's operating expense is pure fuel cost. With alternative fuels set to be more expensive, our technology helps with regulations while also saving costs."
This was one of the insights that our CEO and Founder Noah Silberschmidt shared in an episode of the new Bloomberg Originals ‘Momentum’ documentary series. Hosted by influential journalist Haslinda Amin, the series explores innovation at the forefront, uncovering groundbreaking ideas and the inspiring people across Asia and beyond who are shaping our rapidly evolving world.