Hudong-Zhonghua Shipbuilding to use Silverstream air lubrication system
SILVERSTREAM Technologies has signed a memorandum of understanding (MoU) with Hudong-Zhonghua Shipbuilding that paves the way for its air lubrication solution, Silverstream System, to be integrated into the ship builder's designs for its future liquefied natural gas (LNG) carriers
SILVERSTREAM Technologies has signed a memorandum of understanding (MoU) with Hudong-Zhonghua Shipbuilding that paves the way for its air lubrication solution, Silverstream System, to be integrated into the ship builder's designs for its future liquefied natural gas (LNG) carriers.
The air lubrication technology is expected to increase operational and fuel efficiencies, reduce fuel costs and emissions by between six and eight per cent for laden and ballast conditions.
Hudong-Zhonghua is a subsidiary of China State Shipbuilding Corporation (CSSC) and the nation's top manufacturer of LNG carriers, with a capacity for six to eight vessels in its yard.
The MoU is a significant landmark for Silverstream, as it is the company's first LNG class newbuild project. It also represents both the Asian market's growing interest in air lubrication systems, and its wider demand for greater efficiencies and sustainability in newbuild orders.
Commenting on their partnership, Silverstream Technologies CEO Noah Silberschmidt said: 'It is a significant step for Silverstream as we expand into a new vessel class, and further grow our customer base in the important Asian market.'
Both Silverstream and Hudong-Zhonghua will collaborate to drive the sales process with prospective ship owners, and work together to ensure the optimum efficiency and design of future newbuilds ordered from the yard.
Hudong-Zhonghua Shipbuilding chief technical officer Danping Lou said: 'In working closely with Silverstream over the past 12 months, we have seen the real attributes of air lubrication technology and the Silverstream System, and it was clear that incorporating it into the designs for our newbuild LNG vessels, in conjunction with other measures, would deliver optimum performance.
'We are confident that these new vessels will set the benchmarks for vessel design and performance in the LNG sector.'