Silverstream has won a deal to install air lubrication technology on board eight newbuild LNGC Photo: Silverstream Technologies
Silverstream Technologies has secured a new deal to install its air lubrication technology on board eight newbuild LNG carriers being constructed at Hyundai Heavy Industries and Hyundai Samho Heavy Industries in South Korea.
The Silverstream System will help increase operational efficiency and reduce fuel burn and associated emissions on board the carriers, with net savings expected once the vessels are in operation. The system is particularly effective with the hull form and operational profile of LNG carriers and is suitable for both newbuild and retrofit applications.
Noah Silberschmidt, chief executive of Silverstream Technologies, said the company was delighted to secure the order. “Working with some of the best known names in the maritime sector is an immense privilege and our expert team of commercial and supply chain professionals, alongside our world-beating naval architects and engineers, are fully focused on installing, testing, and commissioning our system on these vessels – and delivering market-leading efficiency savings once they are in operation,” he said.
Four of the 174,000m3 LNG carriers are owned by Knutsen LNG. A further two are owned by investors advised by JP Morgen Asset Management. The last two vessels are owned by Korea Line Corporation. All of the LNG carriers have secured long-term charter agreements with Shell.