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Armada Technologies Signs Air Lubrication Deal With Gibdock Shipyard
Air lubrication firm Armada Technologies has signed a deal with Gibdock Shipyard seeking to increase the uptake of its bunker-saving systems.
The two companies have signed a memorandum of understanding setting out plans to install air lubrication systems on ships serviced by Gibdock, Armada Technologies said in a statement on its website.
Armada Technologies produces the Passive Air Lubrication System.
Air lubrication introduces air bubbles between a vessel's hull and the surrounding water, reducing friction and improving fuel efficiency.
"PALS has the potential to transform the way vessels operate, making them more environmentally friendly and cost-effective by using less fuel," Alex Routledge, CEO of Armada Technologies, said in the statement.
"We look forward to working with Gibdock to offer our second-generation system to more vessels."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 549.00 | 0.50 | 680.50 | 5.50 |
| Rotterdam | 505.50 | 1.00 | 648.50 | 2.50 |
| Houston | 550.50 | 2.50 | 672.50 | 5.50 |
| Fujairah | 542.50 | 0.50 | 750.00 | 1.50 |
| Global 20 Ports Average | 575.50 | 1.00 | 756.50 | 6.00 |
| Global 4 Ports Average | 537.00 | 1.50 | 688.00 | 4.00 |
| Global Average Bunker Price | 624.50 | 1.00 | 806.00 | 1.00 |
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