‘Energy major contracts to support Silverstream’s 2025 targets’ (Bunkerspot)

In a recent interview with Bunkerspot, our Vice President of Sales, Craig Patrick, revealed successful agreements with several major energy companies, accelerating our aim to secure 500 orders of the Silverstream^® System by 2025. As of July 2023, there are 175 orders already in the orderbook, 41 vessels currently operating with our air lubrication systems, and an estimated 65-70 ships will be operational by the end of 2023.

In just 2023 alone we have seen incredible growth, ranking as the fourth fastest-growing company in Europe and the third in the UK, according to the Financial Times' FT 1000: Europe’s Fastest Growing Companies 2023 listing. To continue this momentum, we are collaborating with shipyards to integrate our technology into ship designs, aiming for streamlined deployment and enhanced net savings of 5-10% on the ship's fuel bill, with a payback period of 2-3.5 years. Looking ahead, the focus is on utilising data analysis to optimise technology performance and deliver even better savings for the maritime industry.

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