MattSparkes writes, "Creating a layer of bubbles underneath a ship's hull could improve fuel efficiency by 20%. When you consider that 90% of the world's goods are transported by sea, the importance of this discovery is obvious. 'Conjured up from thin air at the flick of a switch, this slippery blanket will help transport a fully laden tanker or container ship across the ocean at higher speed, and using far less fuel, than ever before... There is currently no other technique in naval architecture that can promise such savings.'" The article looks in some detail at the engineering problems that will need to be overcome before this technique is practical.
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