Technology Solution

What is Air Lubrication?

It's simple, it's clever and it works.

Installation Process

A step-by-step guide on installing our system.

Sustainability

A greener, brighter future for shipping.

Policy & Research

Always learning, never standing still.

‘Energy major contracts to support Silverstream’s 2025 targets’ (Bunkerspot)

26th July 2023

In a recent interview with Bunkerspot, our Vice President of Sales, Craig Patrick, revealed successful agreements with several major energy companies, accelerating our aim to secure 500 orders of the Silverstream® System by 2025. As of July 2023, there are 175 orders already in the orderbook, 41 vessels currently operating with our air lubrication systems, and an estimated 65-70 ships will be operational by the end of 2023.

In just 2023 alone we have seen incredible growth, ranking as the fourth fastest-growing company in Europe and the third in the UK, according to the Financial Times' FT 1000: Europe’s Fastest Growing Companies 2023 listing. To continue this momentum, we are collaborating with shipyards to integrate our technology into ship designs, aiming for streamlined deployment and enhanced net savings of 5-10% on the ship's fuel bill, with a payback period of 2-3.5 years. Looking ahead, the focus is on utilising data analysis to optimise technology performance and deliver even better savings for the maritime industry.

Read more from Bunkerspot.

Share

Related Articles

Silverstream and Yiu Lian Dockyards (Shekou) sign MoU to drive Silverstream® System installations

Silverstream 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
Silverstream Stars In Bloomberg's ‘Momentum’ Documentary

"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. 

Read
Silverstream Technologies Recognised for Innovation in Low Carbon Shipping at 'Made in the UK, Sold to the World Awards' 2024

Silverstream Technologies is pleased to announce it has been selected as a Highly Commended business by the Department for Business and Trade at the 2024 ‘Made in the UK, Sold to the World Awards’ in the Low Carbon Energy category.

Read

Find out how we can help you

Get in Touch