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CMES orders Silverstream air lubrication for new LNG carriers

Silverstream Silverstream_LNGC.jpg
China Merchants Energy Shipping (CMES) has placed an order for Silverstream’s air lubrication technology for four LNG carriers.

The deal includes four firm orders for 175,000 cu m LNG carriers under construction at Dalian Shipbuilding Industry Company (DSIC) and two further options,

The ships will be the first Chinese owned and built LNG carriers; Silverstream expects work to be completed by the end of 2024.

The air lubrication system will cut net fuel consumption by around 5-10%. The ships will also have a Mark III membrane cargo containment system and an LNG dual-fuel propulsion chain.

As part of its decarbonisation commitment, CMES is sharing voyage and ship data with BHP and DNV to help slash the environmental impact of its fleet.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said: “The agreement strengthens our cooperation with CMES in LNG ship investment and builds on our already strong relationship with Dalian Shipbuilding Industry Company. We look forward to working on these vessels and deepening the ties between Silverstream’s Shanghai presence and the region’s most important maritime players over the next two years.”

Silverstream has contracted orders for 23 LND carriers, eight of which are already in service.