Silverstream Technologies

Silverstream Technologies is a leading provider of air lubrication technology for the global shipping industry. The company's flagship product, the Silverstream System, works by creating a uniform carpet of microbubbles across the full flat bottom of a vessel, reducing friction between the hull and seawater. This innovative technology results in a 5-10% reduction in net fuel consumption and consequent greenhouse gas emissions. The Silverstream System is applicable across all shipping segments, including newbuild and retrofit applications, and is effective in all sea states.

Silverstream Technologies has experienced remarkable growth in recent years, with its air lubrication technology gaining widespread adoption from major shipowners and operators worldwide. As of August 2023, the company had secured orders for its system on 179 vessels across various segments, with 44 ships already in service with the technology installed. Silverstream Technologies aims to reach 500 orders by 2025, driven by strong momentum and rising demand for energy-efficient solutions in the maritime industry.

The company has forged partnerships with 19 shipyards globally, enabling the installation of its system worldwide. Silverstream Technologies has also been recognized for its rapid growth, named the fourth fastest-growing company in Europe and the third fastest-growing in the UK by the Financial Times, with an annual growth rate of 426% over three years. In recognition of its success, the company received the prestigious King's Award for Enterprise in the category of International Trade in 2023.

Silverstream Technologies has gained significant traction in key shipping markets, including securing orders for its air lubrication system on Chinese-built LNG carriers for ADNOC, CMES, and 12 new 16,000 TEU dual-fuel LNG containerships. The company also announced an agreement with COSCO Shipping Heavy Industry Co. Ltd (CHI) in September 2023 to explore opportunities for installing the Silverstream System in CHI shipyards and localizing the supply chain in China.