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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 | 569.50 | 6.50 | 680.00 | 10.50 |
| Rotterdam | 514.00 | 2.50 | 676.00 | 7.50 |
| Houston | 547.50 | 0.00 | 671.50 | 1.50 |
| Fujairah | 561.00 | 0.50 | 751.00 | 1.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 759.00 | 0.00 |
| Global 4 Ports Average | 548.00 | 2.00 | 694.50 | 5.00 |
| Global Average Bunker Price | 633.50 | 1.00 | 798.50 | 0.50 |
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