Silverstream Technologies, the UK cleantech provider, and Orient Marine Co., Ltd. (Orient Marine) have signed a new Agency Agreement to provide sales support of the Silverstream System in Japan.
Orient Marine will provide local representation for marketing and promoting the company’s air lubrication technology to all segments, across both newbuild and retrofit applications.
The move builds on the Memorandum of Understanding signed between Silverstream, Orient Marine and Mitsui & Co. Europe Plc. in July 2022. The MoU was signed to spur uptake of the Silverstream System within the Japanese ship owning community.
The Agency Agreement will leverage Orient Marine’s extensive market knowledge and reach across Japan’s shipping sector. It will facilitate sales support for the Silverstream System across the Japanese-owned fleet and with Japanese shipyards for newbuild and retrofit orders.
The agreement comes ahead of a programme of engagement with the Japanese market planned by Silverstream to take place across Spring 2023. In April, Silverstream’s team will travel to Japan and engage with charterers, shipowners and shipyards.
