The MMHE is committed to supporting maritime decarbonization

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Malaysia Marine and Heavy Engineering (MMHE) has signed a strategic agreement with marine clean technology company, Silverstream Technologies, to support the marine decarbonization program.

The collaboration will open up modernization opportunities for Silverstream’s air lubrication system and unlock technical and business knowledge sharing as well as collaboration, information and knowledge sharing between the two companies, according to the offshore contractor and maritime.

“This strategic partnership is a promising start as it opens up new business opportunities for both companies,” said MMHE Managing Director Pandai Othman.

“Together, this enables us to bring to market the powerful combination of MMHE’s technical retrofit and conversion expertise and Silverstream’s air lubrication system to support our customers’ decarbonization strategies, accelerating the industry’s transition to cleaner shipping.”

When considering where to apply clean technologies on a vessel, owners and operators must first act to mitigate the most significant energy cost to operating a vessel: the frictional resistance between the hull and the water, according to Silverstream.

Reducing this frictional resistance is therefore key to improving operational efficiency, regardless of fuel type, said the technology company with offices in London and Shanghai.

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MMHE, one of Asia’s leading liquefied natural gas carrier repair yards, will work with Silverstream to support LNG ship owners and operators in their decarbonization efforts by improving the efficiency of their vessels towards EEXI and CII compliance.

Classification society Bureau Veritas notes that the Energy Efficiency eXisting ship Index (EEXI) requires ship operators to assess their ship’s energy consumption and CO2 emissions against the specific energy efficiency requirements for each type of ship.

The combination will also see Silverstream provide technical and commercial support to help MMHE secure contracts, including providing initial estimates of efficiency savings and system design information on proposed installations.

“By working together, we aim not only to educate our combined customer base about Silverstream’s market-leading air lubrication technology and MMHE’s role as one of the world’s leading LNGC shipyards, but also to encourage the adoption of clean technologies more broadly across the industry as an essential step in the journey of decarbonizing shipping,” commented Silverstream Technologies Founder and CEO Noah Silberschmidt.

The International Maritime Organization has set a target date of 2030 to reduce carbon emissions from ships by 40%. To achieve this goal, the IMO has developed a set of amendments to existing regulations aimed at reducing greenhouse gas emissions from ships: namely the EEXI and the CII (Carbon Intensity Indicator).

The IIC requires vessels in service over 5,000 gross tonnage to quantify and report carbon emissions from ongoing operations.

The CII provides ship operators with the factor by which they must reduce carbon emissions annually to comply with regulations and ensure continuous improvement. Vessels will be rated on a five-level scale – from A to E – for their performance, Bureau Veritas explains.

The IMO states that the requirements for EEXI and CII certification come into effect on January 1, 2023. This means that the first annual report will be completed next year, with the first rating awarded in 2024.

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