Silverstream Technologies has signed a memorandum of understanding (MoU) with HD Hyundai Marine Solution, part of HD Hyundai Heavy Industry (HD HHI) Group of South Korea.
HD Hyundai started as a shipbuilder in 1972 and has grown into a comprehensive heavy industry group. Part of its strategy is to provide next-generation clean technologies to shipowners, and Silverstream says it looks forward to collaborating with the Hyundai team to propel the uptake of the Silverstream System.
The Silverstream System is applicable to all shipping segments, is fuel agnostic and is effective in all sea states. It shears air from air release units (ARUs) in the hull to create a uniform carpet of microbubbles that coats the full flat bottom of a vessel, reducing resistance with the water. This lowers average net fuel consumption and GHG emissions by 5-10%.
The MoU will facilitate collaboration between the parties to support the installation of the Silverstream System on existing vessels where HD Hyundai Marine Solution is engaged in the installation and system integration engineering on behalf of vessel owners. The agreement was facilitated by SKCT, Silverstream Technologies’ local partner in South Korea.
Image: Silverstream and HD Hyundai MoU signing (source: Silverstream)
