Silverstream Technologies has signed a framework agreement for retrofit installation of the Silverstream System on some of the vessels in the Shell International Trading and Shipping Company (Shell) LNG carrier fleet.
The agreement will see Shell and Silverstream develop a close working relationship for the design, engineering, procurement, and execution of the Silverstream System.
The new framework will enable Shell to expedite the installation of the technology on Shell’s LNG carrier fleet, Silverstream said in its statement.
Initially covering the next three years, the framework will ultimately reduce contract lead times and the total cost of ownership for vessel operators.
In-operation trials have proven that the Silverstream System reduces fuel consumption and associated emissions by between 5-10 percent, depending on vessel profile.
The Silverstream System reduces fuel consumption and associated emissions by creating a carpet of microbubbles that coat the entire flat bottom of the vessel, reducing the frictional resistance between the hull and water.