Silverstream Technologies and Orient Marine have signed a new Agency Agreement for sales support of air lubrication technology system within Japan.
Amid the increasingly stringent environmental regulations globally, shipping has been integrating several innovative ways to improve efficiency and reduce its emissions. One of the less known ways to reduce fuel consumption and consequently lower emissions is air lubrication.
The agreement will allow Orient Marine to act as an agent for Silverstream in Japan, providing local representation for marketing and promoting the company’s air lubrication technology to all segments, across both newbuild and retrofit applications.
As we deepen our links with Southeast Asia’s shipping community and its key maritime nations, we need partners that we can rely on to support us with local expertise, industry knowledge and the same first-rate service that the industry associates with Silverstream Technologies.
… said Noah Silberschmidt, Founder & CEO, Silverstream Technologies
The move builds on the Memorandum of Understanding signed between Silverstream, Orient Marine and Mitsui & Co. Europe Plc. in July 2022. The MoU was signed to spur uptake of the Silverstream System within the Japanese ship owning community.
It will enable us to use our expertise and connections across the Japanese shipping market to propel the uptake of the Silverstream System to meet a growing need for decarbonisation.
… added Naoki Shinohara, Executive Vice President, Orient Marine
