Japanese companies agree to promote air lubrication

The collaboration will also aim to strengthen Silverstream’s relationships with local Japanese owners, shipyards and design institutions, as well as advance the company’s commercial strategy in the region by securing customer leads and driving opportunity generation. Additionally, the strategic agreement will allow for intelligence and local market knowledge sharing among the three organisations.

In recognition of the urgency of the climate emergency, and the necessity to decarbonise and future-proof its domestic shipping sector, Japan has set a target of net-zero greenhouse gas (GHG) emissions by 2050. Additionally, as part of its strategy to strengthen its presence in the international maritime industry, the country is encouraging its shipbuilding industry to design and supply greener vessels. As a result, there is growing recognition within Japan’s shipowning and shipbuilding segments that proven clean technologies such as air lubrication are one of the few immediately available solutions to help advance this goal.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “We see the Japanese-owned fleet and newbuild segments as an important market for our technology in the near future.”

Earlier in July, Silverstream signed a deal to its technology on 10 x 15,000 teu container ships in South Korea. This will be the first time a South Korean owner has installed the system on a container ship, and all ten of the installations will take place in the region.