"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.
The newly released episode focuses on the pioneering technologies transforming the maritime industry, highlighting their importance for the shipping market and its path towards decarbonisation. In an engaging interview, Noah and Haslinda discuss how our air lubrication technology works, Noah’s personal motivation behind it, and the impact it’s having on shipping today and in the future. With fuel being a major operating expense for shipowners, the Silverstream® System’s ability to reduce fuel consumption and emissions by 5-10% offers a transformative solution. It supports both cost savings and decarbonisation, steering the industry toward a more sustainable future.
The documentary also includes exclusive footage of the Silverstream® System retrofit installation onboard Chevron’s Asia Vision LNG carrier at Seatrium’s Admiralty Yard in Singapore. With a rise in LNG carrier orders over recent years, especially across Asian shipyards, Silverstream has experienced rapid growth in demand from this segment. Seatrium is widely recognised as one of the world’s leading hubs for vessel repair and upgrades, and is committed to advancing maritime decarbonisation.
As the world's largest shipbuilding hub, Asia remains crucial to Silverstream’s strategy. With major shipyards across Japan, Korea, Singapore, and China, and a growing number of shipowners based in the region, Silverstream set up a Shanghai office two years ago to strengthen connections with key shipyards and actively support installations across Asia.
At Silverstream, we are thrilled to be part of this compelling new documentary series, which delves into some of the most pressing challenges and transformative solutions of our time. Watch the episode of ‘Momentum’, featuring Silverstream, here.