Maritime clean technology company Silverstream Technologies has launched its new Global Operations Centre in Southampton, UK, which the company says will enhance its operational capabilities and support the existing fleet.
Additionally, the hub is equipped for further R&D on Silverstream’s Control and Monitoring System (CMS) solutions. Accommodating over 40 employees, the Centre is sited in a strategic location, neighbouring Lloyd’s Register’s office.
Noah Silberschmidt, Founder and CEO, Silverstream Technologies, said: “When we look back on our remarkable journey over the past 14 years, we are proud of what we have achieved. We have grown rapidly, thanks to our ability to scale and commercialise this technology, and this is something I am incredibly proud of. We also remain aware of the great opportunities that lie ahead, and our work is far from over. The decarbonisation challenge is no small feat, with real regulatory and commercial implications for ship owners and operators. Building on our track record as a leader in maritime transformation, we look forward to continuing to help our customers through this change.”
Southampton was chosen as location of the new centre, being a key hub for many of Silverstream’s customers including Carnival Corporation, Mediterranean Shipping Company (MSC) and Maersk. Additionally, the Centre is close to the Maritime Engineering School at the University of Southampton, a long-standing partner of Silverstream.
The Silverstream System is said to cut average net fuel consumption and GHG emissions by 5-10%, helping shipowners save fuel, lower emissions and reduce costs. The system achieves this by releasing a uniform carpet of microbubbles that coats the full flat bottom of a vessel, reducing friction between the hull and the water. Silverstream has successfully verified the savings that its technology creates through third-party assessment from organisations including the University of Southampton, Lloyd’s Register, Carnival and the Hamburg Ship Model Basin (HSVA).
Silverstream was founded in 2010 with a vision to have a positive impact on shipping’s decarbonisation. It completed its first installation in 2014 and has 80 systems installed onboard ships today. Reflecting this strong growth journey and international interest in the technology, Silverstream opened a new office in Shanghai in 2022, bringing it closer to one of shipping’s key markets and powering up the company’s export arm. It has also invested in all the internal functions that enable it to be a full lifecycle business, from IR&D and product engineering through to digital support and aftercare service, much of which will be based in the new Global Operations Centre.
Image: David Price (Chairman), Lord Mountevans (Chairman, Baltic Exchange), Noah Silberschmidt (CEO and Founder) and others of Silverstream Technologies’ Leadership Team (source: Silverstream Technologies)
