Silverstream® Technologies bolsters technical team in anticipation of commercial launch

Company Profiles, HR, Technical, Technology — By on November 17, 2014 at 7:54 PM

silverstream_logo_rgb_300New Senior Naval Architect joins following increasing demand in Silverstream’s® air lubrication system

Silverstream® Technologies, pioneers of air lubrication technology for the shipping industry, today announced the appointment of Takis (Panayiotis) Pappas as its new Senior Naval Architect. The appointment comes as the company looks to further strengthen its team as it nears the conclusion of extensive sea trials of its Silverstream® System, which have been conducted on the vessel of a leading Danish ship owner.

Takis Pappas has 20 years of experience working within the shipping industry. Prior to joining Silverstream® Technologies he was Technical Manager for Pacific and Atlantic (Shipmanagers), where he was responsible for up to 11 bulk carriers and feeder container vessels. He also spent two years as General Manager and Technical Director for the Hellenic Register of Shipping SA. Between 2005 and 2009 he worked for Safety Management Overseas SA, where he took responsibility for the reorganisation of its technical department, as well as managing all statutory issues, superintendency, contract specifications, and supervising newbuildings. Takis also spent ten years at leading maritime classification society, Lloyds Register, where he worked as a Ship Surveyor.

“Takis is a significant appointment to the Silverstream® team, as we embark on a landmark period of growth for the company, ” says Noah Silberschmidt, CEO, Silverstream® Technologies.

“As we conclude our extensive sea trials, we are now seeing a significant increase in demand for our new Silverstream® System. It is critical that we continually look to innovate and develop our technology in order to maintain market leadership, and Takis will play an important role in helping us to achieve this.”

The Silverstream® System is currently undergoing rigorous sea trials on a 40, 000 DWT tanker, owned by a major Danish shipping company. In-service data in ballast, laden and un-laden conditions is being collated and analysed by leading third party organisations to ensure accuracy and transparency, and the definitive results will be announced in the coming weeks.

Concludes Silberschmidt:

“Despite lower oil prices, ship owners and operators are still under significant pressure to increase operational and environmental efficiencies in order to reduce fuel burn and emissions, as well as meeting the demands of charterers and shippers who want to see improvements in sustainability within the supply chain. Clean technology plays a significant role in achieving this. Proving the viability of our air lubrication system is well timed, and will create significant opportunities for owners and operators looking to generate a competitive advantage in an industry that is experiencing real change.”

“Jo”

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