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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 collaborates with SKCT in Korea

Silverstream Technologies has appointed SKCT as its local representative in the South Korean shipping market. SKCT will work closely with South Korean shipyards and vessel owners and support them during the planning and enquiry stage for the installation of the Silverstream® System, our air lubrication technology. The SKCT team is available for daily local support to deliver best-in-class service to vessel owners and the shipyard’s sales planning and technical teams.

Silverstream recognises the importance of the South Korean maritime industry, and this marks the first step as part of a wider plan focused on our Korean supply chain and service network development. Our commitment to building and maintaining strong partnerships and delivering top-tier service to Korean shipyards and vessel owners remains at the forefront of Silverstream’s strategy in both the country and the broader Asia-Pacific region.

Last year, the South Korean government announced plans to invest $534 million over five years in the Korean shipbuilding market. This investment as part of the ‘K-Shipbuilding Strategy for Next-Generation Market Dominance’ is focused on new technologies and alternative fuels, boosting Korean shipyards’ already class-leading manufacturing capabilities.

Korea’s focus on building the next generation of high-quality, efficient ships featuring new technologies is a huge opportunity for Silverstream. Our market leading and proven Silverstream® System releases a carpet of air to reduce the frictional resistance between the hull and the water, cutting average net fuel consumption and GHG emissions by 5-10%. The system is applicable to all shipping segments and is effective in all sea states. It has become a must-have for leading shipowners, who are eager to meet tightening environmental standards, making it a standard equipment choice for their vessels.

Daniel Mann, Vice President of Business Development, and Noah Silberschmidt, Founder & CEO, of Silverstream (pictured) recently visited the Hyundai Samho Heavy Industries shipyard in South Korea where our Silverstream® System was fitted on @MSC Mediterranean Shipping Company’s MSC Napoli container ship. As part of this order, our system will be installed on 10 MSC ships, 2 of which have been delivered by HD Hyundai’s sister shipyard in Ulsan.

Silverstream and Carnival Corp expand partnership

Maritime clean technology leader Silverstream Technologies has signed an agreement with Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s leading cruise company, to install the Silverstream® System on another two cruise ships. These will be the third and fourth new build Excel-class vessels to be fitted with its air lubrication system. The 180,000 GT vessels, with a capacity of over 5,000 passengers, will be built at German shipyard Meyer Werft and feature key sustainability technologies to support Carnival Corporation in meeting its decarbonisation goals.

The LNG-powered newbuild vessels, among the most environmentally advanced ships in their class, will integrate Silverstream’s technology onboard, unlocking net fuel savings potential and paving the way for the next generation of low-emission passenger vessels. Previously, the system delivered approximately 5% net fuel and emissions savings onboard Princess Cruises’ Diamond Princess. This aligns with Carnival Corporation’s focus on minimising its carbon intensity by 40%, a target the company aims to achieve by 2026—four years ahead of initial projections.

The two newbuilds, scheduled for delivery in 2027 and 2028, will result in a total of 16 vessels in Carnival Corporation’s fleet with the Silverstream® System advancing the company’s decarbonisation aspirations. Like their predecessors, these latest additions to the fleet will also feature a broad range of other energy efficiency improvements, such as waste heat recovery, sophisticated HVAC systems and hull form optimisation, helping Carnival Corporation further minimise its environmental footprint and operating costs.

The emissions savings generated by the Silverstream® System support decarbonisation goals that help further the sustainability leadership positioning of cruise operators. Underpinning these efforts is Silverstream’s close collaboration with shipyards to seamlessly meet the industry’s growing demand for clean technology solutions, as well as comprehensive operational data obtained from many years of system operations.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, commented: “Cruise operators have consistently been frontrunners in embracing advanced technologies across their fleets. Since 2016, we have proudly partnered with Carnival Corporation, the industry’s largest operator, to support their decarbonisation journey with our proven air lubrication technology. The need of the hour is to raise decarbonisation ambitions, and we are committed to building large-scale partnerships that advance sustainability across the entire sector.”

Carnival Corporation’s Chief Maritime Officer, Vice Admiral (Ret.) William R. Burke, added: “Silverstream’s ability to deliver proven, verified GHG and fuel cost savings sets them apart in a crowded marketplace. Our continued partnership has thrived thanks to our shared commitment to advancing sustainability in the maritime sector. As we work towards net zero by 2050, we look forward to many more years of collaboration, driving energy efficiency, reducing fuel consumption and cutting emissions throughout our fleet.”

The Silverstream® System works by reducing frictional resistance between the water and the hull surface, minimising net fuel consumption and associated greenhouse gas emissions by 5-10%. The system has been independently verified by Lloyd’s Register, HSVA, the University of Southampton, Carnival Corporation, and Shell. It can also be retrofitted in 10 days or less, minimising disruptions to vessel operations.