Connect with us

Technology

Silverstream air lubrication technology secures eight orders for Hyundai LNG carriers

LNG carriers are owned by Knutsen LNG, JP Morgan Asset Management, and Korea Line Corporation which have all secured long-term charter agreements with Shell.

Admin

Published

on

unnamed 1 1

UK-based clean technology company Silverstream Technologies on Thursday (27 July) secured another deal to install its air lubrication technology, the Silverstream® System, onboard eight newbuild liquified natural gas (LNG) carriers being constructed at Hyundai Heavy Industries and Hyundai Samho Heavy Industries in South Korea. 

The milestone order reinforces the market maturity and proven environmental and financial savings of the Silverstream® System and further demonstrates the global appeal of air lubrication as one of the most viable clean technologies available within the shipping industry, it said.

Four of the 174,000 cubic metre LNG carriers are owned by leading global operator Knutsen LNG. A further two are owned by investors advised by JP Morgan 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. 

The Silverstream® System will help to increase operational efficiency and reduce fuel burn and associated emissions onboard the carriers, with exceptional net savings expected once the vessels are in operation, it explained.

The system is particularly effective with the hull form and operational profile of LNG carriers, and is suitable for both newbuild and retrofit applications. 

“We are delighted to secure this ground-breaking major order of the Silverstream® System. The support shown by the yard, owners, and charterers for our technology in the LNGC sector has been substantial and is hugely encouraging in terms of the potential to support the wider global shipping fleet,” said Noah Silberschmidt, CEO, Silverstream Technologies.

“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.”

Related: MARINTEC – Chinese yard to build fuel saving bulk carrier and VLCC
Related: Grimaldi Group’s advanced Ro-Ro vessels to utilise air lubrication


Photo credit: Silverstream Technologies
Published: 28 July, 2020

Continue Reading

Digital platform

Zhoushan becomes first port in China, third in world to implement e-BDN bunker ops

Port hosted two bunkering operations conducted by PetroChina Fuel Oil and Sinopec Zhejiang Zhoushan Petroleum on 1 July, marking the first official roll out of e-BDNs in the country.

Admin

Published

on

By

0702 1 MT

Zhoushan became the first port in China and third in the world to implement electronic bunker delivery notes (e-BDN) after issuing its first on Tuesday (1 July), learned bunkering publication Manifold Times.

On the evening of 1 July, under the supervision of Zhoushan Port authority, PetroChina Fuel Oil successfully completed a bunkering operation by refuelling bulk carrier AM Ocean Pride with 500 metric tonnes (mt) of fuel oil and 60 mt of diesel at the Xiushandong anchorage.

The crew of bunkering vessel YI FENG RUN 66 signed and confirmed all documents online through the “Zhoushan Bonded Ship Fuel Bunkering Electronic Signature and Handover System” (e-BDN system). The chief engineer on AM Ocean Pride simultaneously completed the corresponding electronic signature.

Concurrently, Sinopec Zhejiang Zhoushan Petroleum and its bunker barge DONG FANG ZHAO YANG delivered 1,500 mt of fuel oil to Pacific Glory at the same anchorage using Zhoushan port’s e-BDN system.

As such, both PetroChina Fuel Oil and Sinopec Zhejiang Zhoushan Petroleum have completed their first e-BDN deliveries at the China (Zhejiang) Pilot Free-Trade Zone.

“The successful implementation of e-BDN is a significant breakthrough for Zhoushan, accelerating the creation of a global bonded bunkering center. This marks the first time Zhoushan has successfully issued and delivered e-BDNs, completing the ‘last mile delivery’ for the full digitalisation of Zhoushan’s bonded bunkering business,” said the Zhoushan Port authority.

“Zhoushan has officially entered a new stage of digitalisation, becoming the first port in the country to promote the use of digital delivery for the entire process of bonded bunkering at the port level.”

The two companies that developed and operated the first batch of e-BDN systems in Zhoushan are TradeGo and Zhejiang Free Trade Zone Bulk Commodity Digital Trade & Technology Co., Ltd. (大宗数科).

A spokesperson from the Port Affairs Management Bureau of the Zhoushan Hi-Tech Zone Administrative Committee said: “The first batch of e-BDN systems will be used on five internationally certified bunker barges and will gradually be extended to all fuel barges in the future.

“In terms of infrastructure, we will further increase the installation ratio of high-precision Mass Flow Meters (MFMs), optimise the functions of the e-BDN system, and gradually promote the certification of barge MFM systems. We will also promote the use of e-BDN to enhance the digitalisation level of bunkering for customs clearance, providing global shipowners with a more convenient, transparent, and efficient bunkering service experience.

“In terms of policy support, we will accelerate the introduction of provincial standards for MFMs, establish an innovative free trade zone bonded bunkering service evaluation system, and implement a dispute resolution guarantee mechanism. We will also set up special support services for e-BDN and provide guarantees for its comprehensive promotion.”

Related: Singapore: TradeGo becomes fifth whitelisted e-BDN solution provider

 

Photo credit: Zhoushan Hi-Tech Zone Administrative Committee
Published: 2 July 2025

Continue Reading

Decarbonisation

GCMD completes world’s first end-to-end value chain for onboard captured CO2

Shanghai Qiyao Environmental Technology conducted a STS transfer of 25.44 mt of captured CO2 from the container vessel “MV Ever Top” to the receiving vessel “Dejin 26”.

Admin

Published

on

By

GCMD completes world’s first end-to-end value chain for onboard captured CO2

The Global Centre for Maritime Decarbonisation on Monday (30 June) said it has successfully completed the world’s first maritime pilot demonstrating the full value chain of onboard captured carbon dioxide (CO2) in China on 25 June.

The pilot encompassed two phases. In the first phase, Shanghai Qiyao Environmental Technology Co., Ltd. (SMDERI-QET) conducted a ship-to-ship (STS) transfer of 25.44 metric tonnes (mt) of captured CO2 from the container vessel MV Ever Top to the receiving vessel Dejin 26. The CO2 was subsequently offloaded from Dejin 26 to a tank truck at a jetty in Zhoushan, Zhejiang Province.

The second phase, led by GCMD, involved transporting the captured CO2 to its end-use destination: a joint venture plant between GreenOre and Baotou Steel in Inner Mongolia. There, the LCO2 was successfully used in the production of low-carbon calcium carbonate, a key component in sustainable construction materials.

GCMD said this cross-sectoral demonstration highlighted how captured CO2 from ships can be repurposed for industrial applications, linking maritime decarbonisation efforts with broader land-based carbon ecosystem.

Advancing maritime decarbonisation at scale requires more than just capturing carbon. It is also essential to address the fate of the captured and offloaded CO2 by establishing a full carbon value chain, including the downstream infrastructure to offload, transport, store and use captured CO2 meaningfully.

Using captured CO2 in concrete production offers one of the higher GHG emissions savings among current utilisation pathways, as it partially displaces the need for carbon-intensive cement production ashore. This finding is based on GCMD’s COLOSSUS study, which evaluated life cycle emissions of onboard captured CO2 across various sequestration and utilisation pathways.

As a first-of-its-kind pilot, this project served as a valuable learning experience, helping to uncover real-world challenges that must be addressed to enable the scalable implementation of onboard carbon capture.

A key challenge was the classification of captured CO2. Designated as “hazardous waste” prohibits its reuse and mandates disposal. Through close coordination with the relevant authorities, the captured CO2 in this pilot was redesignated as “hazardous cargo,” lifting these restrictions and enabling its use as an industrial feedstock.

For the pilot, GCMD also identified and brought together stakeholders across the value chain—including a like-minded end user willing to evaluate onboard captured CO2 as its feedstock. With its facility located in Inner Mongolia, the captured CO2 was transported over 2,000 km as a first demonstration in its industrial reuse.

The pilot involved close collaboration with multiple stakeholders across the value chain, including vessel owner Evergreen Marine Corp, OCCS provider SMDERI-QET, STS service provider Dejin Shipping, and industrial plant operator GreenOre and its joint venture, Baorong Environmental Co. Ltd.  Port authorities and regulators, namely Shanghai Municipal Transportation Commission (SMTC), Shanghai Maritime Safety Administration (SMSA), Shanghai International Port Group (SIPG), Shanghai Customs, and Shanghai Border Inspection also supported the pilot.  

GCMD will conduct a comprehensive LCA to quantify GHG emissions for this pilot with CO2 quality and quantity data obtained through sampling activities conducted throughout the pilot. GCMD will work with DNV for third-party verification of emissions reduction claims under recognised accounting frameworks.

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 1 July, 2025

Continue Reading

Business

Kenneth Juhls exits ZeroNorth to become AuctionConnect CEO

Juhls joins from his most recent role as Senior Vice President and Global Head of Customer Success and Partnerships at ZeroNorth; he previously served as Managing Director of ZeroNorth Bunker.

Admin

Published

on

By

Kenneth Juhls, Managing Director, ZeroNorth Bunker,

Bunker Holding on Friday (27 June) announced the appointment of Kenneth Juhls as the CEO of AuctionConnect, effective 1 July 2025. 

AuctionConnect, an independent company owned by Bunker Holding, digitalise complex processes in bunker auctions, turning real time data into operational insights and smarter decision-making. 

Bunker Holding said the appointment marked a significant strategic step for AuctionConnect as it transitions into a phase of growth and scale. 

“Kenneth Juhls is a standout profile in the maritime digital space. His deep industry knowledge, strategic clarity, and commercial edge make him the ideal person to take AuctionConnect to the next level. We are proud to have attracted such a strong profile, and we look forward to seeing him shape the next phase of AuctionConnect’s growth journey,” said Michael Krabbe, Chairman of AuctionConnect. 

Kenneth Juhls brings more than 25 years of industry experience from shipping and trading. Most recently Kenneth Juhls assumed the role of Senior Vice President and Global Head of Customer Success and Partnerships at ZeroNorth and before that as Managing Director of ZeroNorth Bunker leading the development and scaling of their digital bunker optimisation platform. 

He also serves as their chair of the IBIA Digitalisation Working Group and board member of the IBIA European Board. His leadership will be key in positioning AuctionConnect as a go-to platform that simplifies fuel procurement, drives transparency and trust, and solves real-world challenges for users across the bunker industry.   

At AuctionConnect, Kenneth Juhls will take the helm at a time where the energy transition poses new challenges and opportunities for the industry. He will apply his strategic, industry and commercial experience to sharpen the platform’s commercial focus, build out partnerships, and strengthen user experience. 

“AuctionConnect is already a strong platform with a proven customer base and real traction in the market. Our industry is transforming, and I strongly believe strong data, digital tools and platforms will help all market participants navigate the increasing complexity. I look forward to engaging with all parts of the industry to drive real and meaningful change, form partnerships and first and foremost deliver value to our customers. I am excited to build on the strong foundation already in place,” says Kenneth Juhls. 

With this appointment, Per Funch-Nielsen steps down as CEO of AuctionConnect. Chairman of AuctionConnect, Michael Krabbe, says “Per has been instrumental in developing the platform and we extend our sincere thanks for his strong commitment and leadership. We wish him all the best in his future endeavours.”

 

Photo credit: Bunker Holding
Published: 30 June, 2025

Continue Reading

Trending