Lloyd's List: Air Lubrication Tech Demand Doubles

Recently, our CEO Noah Silberschmidt spoke to Lloyd's List's Richard Clayton about the mounting interest in our technology.

During the interview, Noah mentioned the impact Carbon Intensity Indicator requirements (coming into force early next year) will have on interest in fuel-agnostic solutions like the Silverstream®️ System, which has been reflected in our growing orderbook:

"Since the beginning of the year the number of contracts has more than doubled, from 50 to 110 vessels, with 22 vessels currently in the water rising to 28 by the end of the year. Cumulative order intake has increased from $100m to a lot more than that."

Set up in 2010, Silverstream has over 100 specialists, a senior suite expanding with the appointment of a new chief financial officer, and a larger data analytics team. We have opened an office in Shanghai — our largest market — providing in-country customer service. 

Meanwhile, new strategic agreements have been signed with MMHE Malaysia Marine and Heavy Engineering, N-KOM Nakilat-Keppel Offshore & Marine in Qatar, and Dubai Drydocks.

Most encouraging has been the number of repeat orders from customers with air lubrication systems in place for several years, including MSC, Carnival and Princess cruise lines, Grimaldi and Finnlines, and Shell.

You can read the rest of the article published by Lloyd's List.