Silverstream And MMHE Ink Strategic Partnership

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  • This strategic partnership is a promising start as it unlocks new commercial opportunities for both companies.
  • We are very pleased to announce our collaboration with MMHE.
  • Generally, ships that operate more quickly will see slightly higher savings.

Malaysia Marine and Heavy Engineering (MMHE), a marine engineering and construction services provider, has inked a strategic collaboration with UK cleantech firm Silverstream Technologies as reported by Offshore Energy.

Partnership 

As informed, the partnership will facilitate retrofit opportunities for Silverstream’s air lubrication technology – the Silverstream System – as well as collaboration, information and knowledge sharing between the two companies.

MMHE, one of the most prominent liquefied natural gas (LNG) carrier repair yards in Asia, will collaborate with Silverstream Technologies to support LNGC owners and operators in their decarbonisation efforts by improving the efficiency of their vessels towards EEXI and CII compliance.

Securing contracts

As part of the agreement, the two organisations will perform joint promotion of the Silverstream System and other complementary products and services, and MMHE will become an approved installation provider of the air lubrication technology.

The collaboration will also see Silverstream provide technical and commercial support to assist MMHE in securing contracts, including the provision of initial efficiency saving estimates and system design information on proposed installations.

Commercial opportunities 

“This strategic partnership is a promising start as it unlocks new commercial opportunities for both companies.”

“We are very pleased to announce our collaboration with MMHE.

By working together, we aim not only to raise awareness among our combined customer base … but also to encourage the adoption of clean technologies more widely in the industry as an essential step in shipping’s decarbonisation journey,” Noah Silberschmidt, Founder & CEO, Silverstream Technologies, commented.

“Generally, ships that operate more quickly will see slightly higher savings.

This makes our technology particularly compelling for the LNG segment, for example.”

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Source: Offshore Energy

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