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Grimaldi Group and Weihai select Silverstream® System for nine RoPax newbuildings.

Silverstream Technologies will supply air lubrication systems (ALS) for nine RoPax newbuildings contracted by the Grimaldi Group at China Merchants Industry Weihai Shipyard co, further endorsing the Silverstream® System as the most trusted and operationally proven ALS in the market.

The latest order, which includes four vessels for Grimaldi Lines, a pair for Minoan Lines and three ships for Finnlines, is the largest ever RoPax order awarded to Silverstream and builds on the 15 cumulative in-service years of ALS operation across the Grimaldi fleet. The Minoan Lines’ vessels are also the first Greek-flag installations of ALS for Silverstream.

Silverstream’s partnership with the Grimaldi Group dates back to 2018 and is built on long-term verified performance, transparent performance reporting, and a solid installation record.

The London-headquartered clean maritime technology company has 18 Grimaldi-operated vessels in service across RoRo, RoPax and PCTC. With this contract, its total orderbook with the Naples owner, whose subsidiaries include Grimaldi Lines, Minoan Lines, Finnlines and Atlantic Container Lines (ACL), rises to 35 ships.

Silverstream has collaborated with CMI Weihai, one of the world’s leading builders of large RoPax vessels for more than six years, and this order further strengthens this long-standing partnership.

Noah Silberschmidt, Silverstream Founder and CEO said: “The Grimaldi Group has long recognised the critical role of energy efficiency technologies in addressing maritime decarbonisation and has actively embraced the fuel-agnostic solutions that are already available. We are delighted that yet again we are a trusted efficiency partner of choice for these significant RoPax orders.”

Dario Bocchetti, Grimaldi Group Head of Energy Saving, R&D and Ship Design, said:
“Our partnership with Silverstream extends back nearly eight years and using their ALS system has consistently delivered improved fuel efficiency and emissions reduction. For example, we have achieved 5-6% net savings for our GG5G Ro-Ro
fleet. We are looking forward to collaborate again on these nine newbuilds for our 3 companies Finnlines, Minoan and Grimaldi that will incorporate green technologies to reduce CO₂ emissions per cargo unit by more than 50% compared to vessels currently operating on the same routes.”

Ou Shubo, China Merchants Industry Weihai chief engineer said: “The uptake of energy efficiency technologies is accelerating across the maritime industry and owners like the Grimaldi Group are leading the way. RoPaxes are a speciality for CMI Weihaiand this significant order for nine vessels equipped with many EETs, including air lubrication.”

Silverstream celebrates King’s Award at Windsor Castle

Last week, we celebrated a proud moment as our Founder & CEO, Noah Silberschmidt, received the King’s Award for Enterprise in the Innovation category from His Majesty The King at Windsor Castle.

The award recognises the real-world impact of the Silverstream® System – our patented air lubrication technology that’s helping shipping cut fuel consumption and emissions today, while supporting compliance with the regulations of tomorrow.  

During the ceremony, Noah had the honour of speaking with the King, who expressed strong interest in the maritime energy transition. It was a meaningful conversation covering the importance of energy efficiency technologies, future fuels, and the role we play in helping shipowners navigate this shift. His Majesty was very supportive of our mission and its contribution to reducing global pollution.  

With more than 200 orders, over 100 installations, and a growing team of 130+ colleagues, this moment also reflects the scale we’ve reached – and the confidence placed in us by shipowners worldwide.  

The Silverstream® System fundamentally changes the interaction between water and a vessel. It shears air from air release units (ARUs) in the hull to create a uniform carpet of microbubbles that covers the full flat bottom of a vessel. As a result, frictional resistance is decreased – significantly reducing fuel consumption and associated emissions.     

This latest recognition builds on our 2023 King’s Award for Enterprise in the International Trade category, which celebrated our success in exporting the Silverstream® System and working with global maritime partners to scale uptake of our proven technology worldwide.    

The King’s Awards scheme was instituted by Royal Warrant in 1965, with the first Awards made in 1966 under the scheme’s original title, The Queen’s Award to Industry.     

Silverstream honoured with second King’s Award for Enterprise

Silverstream has received the King’s Award for Enterprise in the Innovation category, the UK’s most prestigious accolade celebrating business excellence. This marks the second time that Silverstream has received a King’s Award, following our 2023 recognition in the International Trade category.

The award recognises our patented air lubrication technology, the Silverstream® System, as a truly innovative clean technology solution that is making a meaningful impact on maritime decarbonisation.

It comes at a pivotal moment for the shipping industry, as decarbonisation regulations tighten and become more complex, particularly following developments at MEPC 83, the IMO’s committee responsible for environmental matters. Silverstream is helping owners navigate this uncertainty – supporting them to act now with proven fuel and emissions savings that deliver immediate benefits while preparing them for what’s ahead.

Our Founder & CEO Noah Silberschmidt said: “We are delighted to win our second King’s Award, which recognises both the dedication of our exceptional team and the real-world impact of our technology on maritime decarbonisation. Innovation is not just something we do at Silverstream – it’s part of who we are. This award is a testament to the technical experts across our business who continuously refine and improve our system. Their work enables us to help the industry meet today’s environmental and regulatory challenges with confidence. It’s a proud moment for all of us.”

The Silverstream® System fundamentally changes the interaction between water and a vessel. It shears air from air release units (ARUs) in the hull to create a uniform carpet of microbubbles that covers the full flat bottom of a vessel. As a result, frictional resistance is decreased – significantly reducing fuel consumption and associated emissions.

This latest recognition builds on our 2023 King’s Award for Enterprise in the International Trade category, which celebrated our success in exporting the Silverstream® System and working with global maritime partners to scale uptake of our proven technology worldwide.

The King’s Awards scheme was instituted by Royal Warrant in 1965, with the first Awards made in 1966 under the scheme’s original title, The Queen’s Award to Industry.

His Majesty The King will host a Reception for The King’s Awards for Enterprise recipients at Windsor Castle. For more updates, including new pictures from Windsor, follow us on LinkedIn here.

Introducing the Silverstream® Service

Silverstream’s air lubrication technology, the Silverstream® System, is a proven lifecycle solution for efficiency, with class-approved components that are designed to last the lifespan of a vessel. However, like any technology, Silverstream’s air lubrication system requires upkeep and care to maximise savings and benefits throughout its lifetime. This is where our aftercare service offering, the Silverstream® Service, comes in.   

The Silverstream® Service packages ensure customers get the most value possible from their Silverstream® System. Maintenance and optimisation should be effortless, which is why our bespoke aftercare solutions are specifically tailored to customers’ individual needs. With our proprietary knowledge, reliability of service and quality of parts only the OEM can provide, our customers can be sure of the uptime and savings they need, both now and in the long run.  

Silverstream’s comprehensive aftercare programme delivers the right level of support based on customers’ specific setups, offering a range of flexible options:   

  • Global Parts Agreement, providing fast, global access to Silverstream’s genuine OEM parts, at known pricing, for routine maintenance.   
  • Precision Care Agreement, which integrates seamlessly into procurement and maintenance processes, providing on-time planned maintenance and diagnostic inspections to identify and prevent problems before they occur.   
  • Fleet-Sync Programme, ideal for large fleets, it provides fleet operators with a streamlined service negotiation process, offering commercial benefits for adding multiple vessels.  

The range of solutions includes 24/7 technical support, preventative condition monitoring, genuine parts and fully managed logistics, all supported by Silverstream’s global presence and dedicated fleet managers.  

As the shipping industry’s energy transition continues to unfold, the need to enhance vessel fuel efficiency to improve environmental and commercial performance is clearer than ever. With the Silverstream® Service, customers can be sure of the savings they need to rise to the decarbonisation challenge, today and far into the future.   

Visit our Silverstream® Service page for more details.   

Silverstream and Yiu Lian Dockyards (Shekou) sign MOU

LONDON, 12 November 2024: Silverstream Technologies, a maritime clean technology company specialising in air lubrication systems, has signed a memorandum of understanding (MoU) with Yiu Lian Dockyards (Shekou) Ltd, one of the largest ship repair yards in China and part of China Merchants Group. This partnership aims to drive retrofit installations of the Silverstream® System.

Yiu Lian Dockyards (Shekou) operates repair yards in Shekou, Shenzhen. The shipyard accepts all major vessel types but is well known as the leading repair yard in China for LNG carriers (LNGCs). LNGCs have a scheduled dry docking every five years after delivery; a time window that presents an ideal opportunity to retrofit clean technologies and enhance vessel energy efficiency without any loss of hire. 

The dockyard has serviced 734 vessels in the past three years from all segments, and so far in 2024 alone, it has dry-docked 28 LNGCs. As part of the agreement, the companies will collaborate on installations of the Silverstream® System for vessels dry docking at Yiu Lian (Shekou), ensuring efficient delivery, tailored to customers’ needs. 

Noah Silberschmidt, Founder & CEO, Silverstream Technologies commented: “Collaborating with leading shipyards is key to ensuring that more shipowners can benefit from our air lubrication technology, which enhances fuel efficiency and reduces emissions. With the most retrofit experience of any air lubrication technology provider, we’re committed to facilitating access to our Silverstream® System and contributing to a more sustainable and efficient shipping industry. We’re excited to sign this new agreement with the team at Yiu Lian Dockyards, enabling even more vessels to take advantage of our innovative solution.”

Xu Rong, Vice GM, Yiu Lian Dockyards (Shekou) Limited: “Reducing greenhouse gas emissions and saving fuel have become top priorities for shipowners and operators. Each year, we see growing interest from owners in retrofitting clean technologies on the vessels that visit our yards. The Silverstream® System, a market-leading air lubrication technology, is the ideal solution for these ships – particularly the LNG carriers we regularly service. We’re excited to now offer our customers the ability to facilitate installations of this innovative system.”

The Silverstream® System reduces frictional resistance between the water and the hull surface, reducing net fuel consumption and associated greenhouse gas emissions by an average of 5-10%. The system is unique in that it is the only proven air lubrication technology that can be retrofitted in 10 days or less, as well as being applicable to newbuilds. 

The system is fuel agnostic, effective in all sea states, and is applicable to all shipping segments. 

Silverstream exceeds 200 orders with new 18-strong LNG carrier deal

Maritime clean technology leader Silverstream Technologies has surpassed 200 orders for its air lubrication system with its latest confirmed deal. The Silverstream® System will be installed onboard 18 new LNG carriers, which will be chartered by a global energy company and owned and operated by shipping majors.

Silverstream’s current orderbook includes 57 LNG carriers, spans nine vessel segments, and includes 20 repeat customers, including seven major ship owners and 13 of the world’s largest shipyards. The company also has 82 systems in operation onboard the existing fleet.

Over the total lifetime of all contracted vessels, Silverstream estimates that its air lubrication technology will save its current customer base almost $5 billion in fuel costs and prevent the emission of over 19 million tonnes of CO2. Additionally, this CO2 reduction is projected to save approximately $2 billion through existing carbon tax systems.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies said: “Silverstream was founded in 2010 with a vision to have a positive impact on shipping’s decarbonisation journey. Surpassing over 200 orders is a significant milestone for us, highlighting the tangible emissions and cost savings we have delivered for shipowners and operators. This achievement also demonstrates the meaningful impact we are making on the industry’s green transition. Our market-leading Silverstream® System is fast becoming a standard choice on newbuild vessels and a leading retrofit option improving vessel efficiency and sustainability.”

The Silverstream® System shears air from air release units (ARUs) in the hull to create a uniform carpet of microbubbles that coats the full flat bottom of a vessel. As a result, frictional resistance is decreased, cutting average net fuel consumption and GHG emissions by 5-10%. The system is fuel agnostic, effective in all sea states, and is applicable to all shipping segments.

As the shipping industry’s decarbonisation transition progresses, evolving regulatory and market drivers are strengthening the rationale for adopting vessel fuel efficiency solutions. LNG carriers could fall into non-compliant categories (D and E) of the IMO’s Carbon Intensity Indicator (CII) framework, largely because of the way in which they handle boil-off gas. Meanwhile, the EU’s Emissions Trading System (ETS) is adding a progressive cost to emissions, increasing in scope from 40% of emissions in 2024 to 70% in 2025 and 100% in 2026. This means that technologies such as the Silverstream® System not only lower fuel consumption and emissions, but also help to cut the costs of regulatory compliance.

According to recent Clarksons data, at least 33% of the world’s ships are fitted with a form of energy saving device by gross tonnage, but the number of vessels is only 8700, compared to a global fleet of 110,500.

By sector, container ships have seen the highest clean technology uptake with over 48% of fleet capacity fitted with at least one solution, followed by tankers and cruise ships, both over 38%, and bulkers over 35%. Air lubrication systems are attracting growing interest from shipowners with 500 systems either in operation or set to be installed on newbuilds on order.

The Silverstream® System, which makes up a significant proportion of the industry’s ALS uptake, is suitable for both retrofit and newbuild installations.

Silverstream sets up Global Operations Centre in Southampton

SOUTHAMPTON, 29 July 2024: Maritime clean technology leader Silverstream Technologies has successfully launched its new Global Operations Centre in Southampton, marking the latest milestone in Silverstream’s growth journey.

The new hub will enhance Silverstream’s operational capabilities and support the existing fleet. Additionally, it is equipped for further R&D on Silverstream’s Control and Monitoring System (CMS) solutions. Accommodating over 40 employees, the Centre also features state-of-the-art technology. Its strategic location, neighbouring Lloyd’s Register’s office, is designed to attract local talent from Southampton’s vibrant maritime business community and boost regional recruitment.

Representatives from the government, marine industry and Silverstream’s partners attended the Global Operations Centre’s opening ceremony last week.

Speaking on the opening of the Global Operations Centre, Noah Silberschmidt, Founder & CEO at Silverstream Technologies, said: “When we look back on our remarkable journey over the past 14 years, we are proud of what we have achieved. We have grown rapidly, thanks to our ability to scale and commercialise this technology, and this is something I am incredibly proud of.

“We also remain aware of the great opportunities that lie ahead, and our work is far from over. The decarbonisation challenge is no small feat, with real regulatory and commercial implications for ship owners and operators. Building on our track record as a leader in maritime transformation, we look forward to continuing to help our customers through this change.”

The new Global Operations Centre is ideally located near the Port of Southampton, which is a key hub for many of Silverstream’s customers including Carnival Corporation, Mediterranean Shipping Company (MSC) and Maersk.

Additionally, the Centre is close to the renowned Maritime Engineering School at the University of Southampton, a long-standing partner of Silverstream.

The Silverstream® System cuts average net fuel consumption and GHG emissions by 5-10%, helping shipowners around the world save fuel, lower emissions and reduce costs. The system achieves this by releasing a uniform carpet of microbubbles that coats the full flat bottom of a vessel, reducing friction between the hull and the water. Silverstream has successfully verified the savings that its technology creates through third-party assessment from organisations including the University of Southampton, Lloyd’s Register, Carnival and The Hamburg Ship Model Basin (HSVA).

Silverstream was founded in 2010 with a vision to have a positive impact on shipping’s decarbonisation. It completed its first installation in 2014 and has 80 systems installed onboard ships today.

Reflecting this strong growth journey and international interest in the technology, Silverstream opened a new office in Shanghai in 2022, bringing it closer to one of shipping’s key markets and powering up the company’s export arm.

It has also invested in all the internal functions that enable it to be a full lifecycle business, from IR&D and product engineering through to digital support and aftercare service, much of which will be based in the new Global Operations Centre.  

Silverstream supports Danish Women’s Eight Rowing Team

Silverstream Technologies is delighted to announce its support for the Women’s Eight of the Danish Women’s National Rowing team. 

Our Danish Founder and CEO Noah Silberschmidt recently visited the Women’s Eight in Copenhagen to congratulate them on their remarkable successes this year. 

Following Noah’s visit, the team embarked on a training camp in Portugal in preparation for their upcoming races, looking to maintain the standards set by their outstanding performances earlier this year. These athletes work diligently and consistently to strive for maximum efficiency over the water. Just as we aim to do with the Silverstream® System. 

Denmark is a historic shipping nation with deep roots in maritime trade, and one of the largest ship-owning countries in the world. The national rowing team are no exception when it comes to Denmark’s time-old connection to the water. The culturally significant National Rowing Centre is Denmark’s oldest sports federation. 

Denmark’s deep maritime heritage inspires us, and supporting the Women’s Eight aligns with our commitment to community and the environment. Collectively, between the Danish national rowing team and Silverstream, there is a shared understanding that our seas and waterways are our most valuable resource. The DFfR care profoundly about its environmental impact, standing for ‘a clean and green’ sport in a sustainable world. 

Silverstream, akin to the DFfR, value the preservation our marine environment above all else and is looking to build a cleaner, brighter future for this planet and everyone on it. The starting gun has been fired on maritime decarbonisation, and now is the time to transform maritime energy efficiency on a global stage. 

We are proud to sponsor and support this amazing team, and wish them the best of luck in their future competitions! 

See below for a video of the Danish Women’s Eight at their training camp in Portugal. 

https://youtu.be/6stGJo4dUN4 

Silverstream ranks 35 in Sunday Times Hundred 2024

Silverstream Technologies has achieved a significant milestone, securing a spot in the top 35 of The Times’ annual ranking of Britain’s 100 fastest-growing private companies.  

This recognition highlights Silverstream’s remarkable growth journey and reflects the confidence the global shipping industry places in the Silverstream® System.  

As a leader in maritime air lubrication technology, Silverstream’s inclusion in the Top 35 demonstrates the critical role the company’s innovation plays in addressing the pressing issue of maritime decarbonisation.  

The achievement is also a testament to the dedication and expertise of the entire Silverstream team and the company’s ability to successfully scale the Silverstream® System to meet the growing demand for sustainable shipping technologies. The accolade not only celebrates the company’s commercial success but also highlights the maritime sector’s commitment to embracing proven clean tech solutions in the face of environmental challenges.  

At this critical juncture for the industry, we help owners cut their emissions, reduce costs and meet tightening regulations.   

Read more about our success journey here. 

 

Silverstream agrees MOU with HD Hyundai Marine Solution

Silverstream Technologies has signed an MOU with HD Hyundai Marine Solution Co Ltd at Posidonia 2024.

HD Hyundai started as a shipbuilder in 1972 and has grown into a comprehensive heavy industry group. Part of its strategy is to provide next-generation clean technologies to shipowners, and Silverstream looks forward to collaborating with the Hyundai team to propel the uptake of the Silverstream® System.

The Silverstream® System is applicable to all shipping segments, is fuel agnostic and is effective in all sea states. It shears air from air release units (ARUs) in the hull to create a uniform carpet of microbubbles that coats the full flat bottom of a vessel, reducing resistance with the water. This lowers average net fuel consumption and GHG emissions by 5-10%.

Silverstream’s CEO & Founder Noah Silberschmidt and Vice President of Business Development Daniel Mann visited the HD Hyundai stand (3.507) to meet with Mr. K.D. Lee, President & CEO and Mr. Chan Park of HD Hyundai Marine Solution and sign the Memorandum of Understanding (MOU).

This MOU will facilitate collaboration between the parties to support the installation of the Silverstream® System on existing vessels where HD Hyundai Marine Solution are engaged in the installation and system integration engineering on behalf of vessel owners. 

Silverstream Technologies thanks SKCT,  the company’s local partner in South Korea, for supporting the signing of this agreement.

To read more about Silverstream’s activity in the Korean shipbuilding market, click here.