Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a subsidiary of Malaysia-listed MHB, on Wednesday (20 April) said it has signed a strategic agreement with maritime clean technology firm Silverstream Technologies.
The partnership will facilitate retrofit opportunities for Silverstream’s air lubrication Technology, the Silverstream® System, as well as collaboration, information and knowledge sharing between the two companies.
The Silverstream® System reduces frictional resistance between the water and the hull surface, dramatically reducing fuel consumption and associated emissions.
MMHE, one of the LNG carrier repair yards in Asia, will collaborate with Silverstream Technologies to support LNGC owners and operators in their decarbonisation efforts by improving the efficiency of their vessels towards EEXI and CII compliance.
As part of the agreement, the two organisations will perform joint promotion of the Silverstream® System and other complementary products and services, and MMHE will become the approved installation provider of the air lubrication system.
The collaboration will also see Silverstream providing technical and commercial support to assist MMHE in securing contracts, including the provision of initial efficiency saving estimates and system design information on proposed installations.
Pandai Othman, MD & CEO, MMHE, said: “We are delighted to sign this agreement with Silverstream, a renowned maritime clean technology service provider. This strategic partnership is a promising start as it unlocks new commercial opportunities for both companies.”
“Together, it allows us to bring the powerful combination of MMHE’s retrofit and conversion technical expertise, and Silverstream’s air lubrication system to market in supporting our customers’ decarbonisation strategies, thus accelerating the industry’s transition to cleaner shipping.”
Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “We are very pleased to announce our collaboration with MMHE, a world-class shipyard with an exceptional history in LNGC repair and conversion services.”
“By working together, we aim not only to raise awareness among our combined customer base of Silverstream’s market-leading air lubrication technology, and MMHE’s role as one of the world’s leading LNGC shipyards, but also to encourage adoption of clean technologies more widely in the industry as an essential step in shipping’s decarbonisation journey.”
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Photo credit: Silverstream Technologies
Published: 22 April, 2022
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