Oslo, Norway [20 February 2024]
We are pleased to announce Armada Technologies’ collaboration with Cool Company Ltd (CoolCo), a leading LNG carrier company.
Under this partnership, Armada will design, engineer, procure, and provide support for the installation and commissioning of its innovative air lubrication system on a CoolCo vessel scheduled to dry dock in 2024. Once commissioned, CoolCo will conduct sea trials and provide documentation to Armada, following ISO or ITTC guidance, to measure the system’s performance.
Armada CEO Alex Routledge expresses excitement about the pilot program, stating, ‘We are delighted to introduce our advanced passive air lubrication system (PALS) to the maritime industry through this collaboration with CoolCo. Our PALS, which utilizes tailored bubble production design for each ship’s characteristics, including speed, draft and weather conditions, eliminates the need for continuously running compressors. Conducting sea tests with CoolCo will enable us to optimize the system even further using our machine learning algorithms’.
CoolCo CEO Richard Tyrrell shared his satisfaction with the collaboration, saying, ‘We are pleased to be working with Armada Technologies. We selected Armada for its system’s performance potential and its minimal impact on the crew due to the absence of rotating equipment’.
CoolCo is committed to reducing its fleetwide carbon intensity and surpassing the International Maritime Organization (IMO) targets for 2030. It’s goal is to achieve a 35% reduction in fleetwide carbon intensity compared to 2019, which would significantly exceed the IMO’s target. Through the partnership with Armada Technologies, CoolCo is taking a meaningful stride towards achieving its sustainability goals.
‘As execution partner to this project, we are committed to leveraging our expertise in concept design and engineering as well as developing a robust and reliable software solution to ensure PALS delivers consistent and ongoing fuel savings regardless of vessel type and operating condition. We are proud to have Armada as one of our partners and remain steadfast in our commitment to driving lasting, positive change for the benefit of our planet and future generations to come’.
About CoolCo
CoolCo is a growth-oriented owner, operator, and manager of fuel-efficient liquefied natural gas (“LNG”) carriers. Using its integrated, in-house vessel management platform, CoolCo provides charterers and third-party LNG vessel owners with modern and flexible management and transportation solutions, delivering a lesser-emitting form of energy that supports decarbonization efforts, economic growth, energy security, and improvements in quality of life. CoolCo intends to leverage its industry relationships to make further accretive accretive acquisitions of in-service LNGCs, and to selectively pursue newbuild opportunities.
About Armada Technologies
Armada is currently developing the world’s first ‘passive air lubrication system.’ PALS is an award-winning system that operates in a passive mode, and enables discreet control of system output with the complete decoupling of system lubricity from ship speed. In doing so PALS can deliver optimal boundary layer aeration at any prevailing operating condition. PALS will help drive the clean maritime agenda through the further and faster reduction of fuel consumption. Armada Technologies is an associate of EcoOne Marine Technologies, a group focused on energy efficient, innovative, environmentally-friendly maritime technologies.
About Scanvi-Interyards
Scanvi-Interyards is the Norwegian partner for leading international marine equipment suppliers to the Norwegian Maritime Industry. Our principals have high engineering, design, and technology competence, and we are an official part of their worldwide network. We facilitate critical and high-end technology and innovation services to shape the future success of the Norwegian maritime industry.