World News
HD Hyundai Signs Air Lubrication Deal With Silverstream Technologies
Shipbuilding firm HD Hyundai Marine Solution has signed a deal with Silverstream Technologies to advance the use of air lubrication systems in shipping.
The two companies have signed a memorandum of understanding setting out plans to collaborate on the installation of air lubrication systems on ships being worked on by HD Hyundai, Silverstream said in a LinkedIn post on Wednesday.
Silverstream's air lubrication system cuts ships' bunker consumption by 5-10% by introducing air bubbles between the hull and the surrounding water, reducing friction.
"This MOU will facilitate collaboration between the parties to support the installation of the Silverstream® System on existing vessels where HD Hyundai Marine Solution are engaged in the installation and system integration engineering on behalf of vessel owners," Silverstream said in the post.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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