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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 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 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 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. 

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.

Silverstream signs Agreement in Principle with China Classification Society

AIP further strengthens clean technology leader’s relationships and operations in Asia

Maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AIP) with China Classification Society (CCS), a leading member of the International Association of Classification Societies (IACS), and the primary class society in China that serves the shipping, offshore and related industrial industries.

This is Silverstream’s first agreement of this nature with a classification society. The AIP confirms that CCS has reviewed and verified the Silverstream® System’s design drawings and provides an independent class verification of its generic system design. Furthermore, the organisations will collaborate on project-specific engagements and approvals for the integration of the Silverstream® System in ships classed by CCS.

The AIP further strengthens Silverstream’s ties to the Chinese shipping market. The company has an office and team in Shanghai, 20 of whom are purely dedicated to on-the-ground support for Asian installations of its technology. The Shanghai team is critical to Silverstream’s continued collaboration in China and enables the company to be at the very heart of one of the global shipping industry’s most important hubs.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said:“We are delighted to sign our first agreement of this style with a classification society, especially with CCS. CCS is one of the most influential class societies in the Chinese market, particularly for intranational projects between Chinese shipowners and Chinese shipyards. Through this important agreement, we look forward to further building our relationship with a key industry player, and to continuing commercial success in Asia and worldwide.”

Silverstream recently became one of the founding members of the Global Sustainable Transport Innovation Alliance (GSTIA), an initiative sponsored by the Chinese Ministry of Transport, designed to accelerate green industrial projects within China. Silverstream is a founding member alongside Airbus, Siemens, Maersk, Volvo, Alibaba, CMA CGM, COSCO, DHL and China Merchants Group. As decarbonisation leaders in their respective industries, the members will share knowledge and expertise to help promote green projects within China over an initial five-year period. More information on the projects will be shared via Silverstream and GSTIA channels in due course.

The news of Silverstream’s involvement in the GSTIA follows other recent China-based announcements for the company, with a range of agreements being signed with Chinese shipyards. These include a Memorandum of Understanding (MoU) with COSCO Shipping Heavy Industry, and 10 new system orders for LNG carriers, many of which will be built at leading Chinese yards.