• Follow Us On Our Preferred Social Media Platform:

MARINTEC – Chinese yard to build fuel saving bulk carrier and VLCC

06 Dec 2019

Silverstream Technologies, air lubrication provider for the shipping industry, on Wednesday (4 December) announced the completion of joint development projects with SWS (Shanghai Waigaoqiao Ship Building Co., Ltd) across two new energy efficient vessels.

The projects spanned a 180,000 dwt dual fuel bulk carrier design that has gained Agreement in Principle from Lloyd’s Register and a separate 300,000 dwt dual fuel VLCC design that has achieved Agreement in Principle from both Lloyd’s Register and ABS.

The announcement took place at a press conference hosted by SWS at Marintec China in Shanghai, during which the Agreements in Principle were handed over from Lloyd’s Register and ABS.

The Silverstream® System is expected to generate efficiency savings of between 5-10% across the two vessels, depending on their particular characteristics.

“By signing these projects with SWS today, we are demonstrating that the appetite for proven clean technology with our industry has never been stronger,” said Noah Silberschmidt, CEO of Silverstream Technologies.

“Incorporating efficiency solutions at the design phase of newbuild vessels is one of the immediate ways that owners and operators can realise fuel savings and also lessen their impact on the environment.

“In further strengthening our ties with shipyards like SWS, we remove more barriers to the widespread uptake of clean technologies like ours. We are extremely excited to see the results of these Joint Development Projects and look forward to working with SWS, Lloyd’s Register, ABS, and our other project partners.”

Liu Jianfeng, Chief Technologist, SWS, commented: “We have focused on developing clean and smart ships that are technically reliable and commercially feasible. We are proud to design advanced ships that will benefit ship owners and lead eco-friendly shipping.”

The Silverstream® System creates a carpet of microbubbles that coats the entire flat bottom of the vessel, reducing frictional resistance between the hull and the water and thereby dramatically reducing fuel consumption and related emissions.

Photo credit: Silverstream
Published: 6 December, 2019


Related News

Featured News

Our Industry Partners

  • argus

PR Newswire