MSC to save EUR 250M in fuel costs with air lubrication technology

MSC to save EUR 250M in fuel costs with air lubrication technology
MSC Gülsün

MSC Mediterranean Shipping Company has opted to fit more than 30 air lubrication systems from Silverstream Technologies to existing orders of newbuild large container ships.

The installations are expected to reduce carbon emissions by 1.6 million tonnes and save over EUR 257.5 million over the vessels’ lifecycles of approximately 25 years.

The order relates to a substantial portion of MSC’s newbuild pipeline, with a number of the vessels expected to be deployed on the world’s busiest trade lanes between Asia and Europe.

Silverstream’s technology has been independently proven to save 5-10 per cent of fuel and emissions by generating a rigid carpet of air bubbles that reduce friction between the hull and the water. The system is effective in all sea conditions and reportedly has the highest utilisation rate – or the proportion of a voyage that it can be activated for – of any air lubrication technology on the market. It is also suitable for both newbuild applications and retrofit installations.

The order is the single largest installation programme that Silverstream Technologies has ever conducted of its air lubrication technology. It is also the largest order of air lubrication technology from a single operator to date.

Giuseppe Gargiulo, head of newbuildings, MSC, said: “As part of our significant efforts to further improve our environmental performance, we are continuously on the lookout for new innovative solutions that could help us achieve efficiency gains. Air lubrication technology is one of the proven technologies that can help ships to achieve fuel savings and reduce energy losses. With the right hull design and the substantial reduction in carbon emissions that the Silverstream System can offer, we’ve found the perfect match to fit our fleet with an effective efficiency solution, and move us closer to a zero carbon future.”

Noah Silberschmidt, founder & CEO, Silverstream Technologies, said: “This order of more than 30 Systems for MSC’s newbuild programme is a landmark moment for both Silverstream and for clean technology adoption across shipping. It is the single largest order of not only our technology, but of any air lubrication technology in the history of our market. We are extremely proud of this achievement and are ready for the challenge of managing our largest ever installation programme at five different shipyards.

“As one of the undisputed leaders of the container segment, MSC’s trust in our solution shows that proven clean technologies will play a crucial role in tackling the decarbonisation challenge. Once launched, these newbuild vessels will be some of the most efficient container ships on the oceans. We are pleased that our technology will play a central role in setting this high bar for efficiency and that we are further enabled to take another step closer to realising our ambition of air lubrication technology as a standard for all newbuild ships.”

The vessels applying the system are expected to be delivered from shipyards in Asia in 2022-2024.