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SILVERSTREAM LANDS AIR LUBRICATION DEAL WITH CARNIVAL

Friday, June 12, 2020 

UK company Silverstream Technologies has landed a deal worth about £1m with US cruise company Carnival for what the manufacturer describes as a “carpet of micro-bubbles”, developed by Silverstream to improves fuel efficiency.

The Silverstream Air Lubrication System pumps bubbles through vents on the hull to reduce friction between the vessel and the water. The technology is said to have been independently proven to reduce fuel consumption by 5%-12%, which in turn cuts running costs and emissions to air.

The contract was sealed with support from the UK Department for International Trade, which has led to other maritime deals with names including Grimaldi Group and Lloyd’s Register.

Silverstream Technologies Founder & CEO, Noah Silberschmidt, said: "Shipping is one of the ‘hard to decarbonise’ global industries, so we have spent the last few years independently testing our system to support our claims. We want to become a standard on newbuild vessels in the industry and to be the ‘new normal’ for sustainable shipping. By working with the best partners to help shipping improve its efficiency standards, Silverstream wants to have a positive and progressive impact on the industry and in doing so, the wider world."

The business is currently finalising contracts to supply an additional 15 ships in Europe and Asia by the end of 2020. It has signed retrofit deals with Shell LNG, and is cooperating with Wartsila in sales and service for the system. With the shipping industry facing a target to become carbon neutral by 2050, the maritime sector represents one of the UK’s most important industries, facilitating 95% of all UK trade and more than one million jobs, according to Maritime UK.

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