The licence and co-operation agreement will enable Wartsila to offer sales and service for the Silverstream system in the future.
Wartsila Marine propulsion director Lars Anderson said: “At Wartsila, we are committed to fully supporting our customers as they strive to reduce operating costs and improve the environmental sustainability impact of their operations.
“Today’s agreement enables us to facilitate the building of better vessels that meet tomorrow’s challenges today, and Silverstream is the ideal partners to help us realise this goal.”
Wartsila said that by providing Silverstream’s technology as an essential part of its propulsion solution, it will be able to improve the Energy Efficiency Design Index (EEDI) for newbuild ships.
Through its sales channels, the company will ensure the Silverstream system for retrofit installations on existing ships is available.
The combined Silverstream system will offer improved fuel efficiency, optimised engine loading, as well as reduced capital and operational expenses for shipowners.
Wartsila noted that the system can reduce fuel burn and related emissions from 5% to 10%, depending on a ship type.
The partnership between Wartsila and Silverstream will accelerate the implementation of air lubrication systems across all types of ships, from small bulk vessels to the largest container ships.
As part of the collaboration, existing and future Silverstream customers will be able to access Wartsila’s service network, including 4500 field service professionals in 70 countries.
Silverstream Technologies CEO Noah Silberschmidt said: “With the global sulphur cap almost upon us and decarbonisation targets on the horizon, the commercial case for proven clean technology has never been stronger.
“Now is the time for shipowners to take action to reduce their operational costs and their impact on the environment, and today’s agreement will help unlock the power of air lubrication technology for more vessels across our sector.”
Last month, Hong Kong-based ship manager Anglo-Eastern selected Wartsila to modernise its fleet operations.